Iran Deposit Guarantee Fund
Iran Deposit Guarantee Fund is a statutory public non-governmental deposit insurer established in 2011, protecting depositors of Iranian banks and credit institutions up to IR.Rials 1,000,000,000 per depositor per institution through compulsory membership and Central Bank-supervised resolution.
- Company typePrivate
- Founded2011
- HeadquartersTehran, Iran
- Headcount51–100
- GTM typeB2B
- OfferingServices
What Iran Deposit Guarantee Fund does
The Iran Deposit Guarantee Fund is a public non-governmental financial institution established in 2011 under Article 95 of Iran's Fifth Five-Year Development Plan (2011-2015) and domiciled in Tehran. It operates as Iran's sole statutory deposit insurer, providing guarantee coverage up to IR.Rials 1,000,000,000 (One billion Rials) per depositor per bank or credit institution across 19 types of covered deposits, including Rial and foreign currency accounts. The Fund's mandate is to protect depositors from losses caused by the bankruptcy of banks and credit institutions, prevent bank runs, and maintain financial system stability, with resolution executed within 20 days of a bankruptcy declaration via an 'acting credit institution' appointed by the Fund's crisis committee.
The Fund generates revenue through two streams: mandatory membership premiums from credit institutions (initial fees equal to 2% of minimum capital, annual premiums of 0.25-1% of average deposit balance, and risk-adjusted special premiums), and investment returns on central bank or government-guaranteed bonds (capped at 70% of Fund resources). Governance is anchored by a Board of Trustees chaired by the Central Bank of Iran Governor, with representatives from the Ministry of Economy and Finance, government banks, and non-government banks. The Fund is a member of the International Association of Deposit Insurers (IADI) and maintains partnerships with IMF, World Bank, BIS, IsDB, MBRI, and Iran Banking Institute. Distribution is entirely through compulsory member banks, with no commercial channels; services include an online information portal and member login system.
Iran Deposit Guarantee Fund firmographics
Firmographics- Name
- Iran Deposit Guarantee Fund
- Legal name
- Iran Deposit Guarantee Fund
- Website
- https://en.idgf.ir
- Company type
- Private
- Founded year
- 2011
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Iran Deposit Guarantee Fund is a statutory public non-governmental deposit insurer established in 2011, protecting depositors of Iranian banks and credit institutions up to IR.Rials 1,000,000,000 per depositor per institution through compulsory membership and Central Bank-supervised resolution.
- Ownership category
- akta.pro rank
Iran Deposit Guarantee Fund industry classification
Industry- Product category
- Deposit Insurance
- NAICS
- Other Insurance Funds (525190)
- SIC
- Functions Related To Depository Banking, Nec (6099), Surety Insurance (6351)
- akta.pro primary industry
- Public Mortgage Insurance & Government Credit Guarantee Programs (FSALAKAD)
- akta.pro secondary industry
- Fund Depositary (UCITS/AIFMD & Trustee Oversight) (FSAAAOAC)
Keywords
Where Iran Deposit Guarantee Fund is headquartered
LocationHeadquarters
- HQ city
- Tehran
- HQ country
- Iran
- HQ region
- Middle East
Offices1 record
Markets served
Iran Deposit Guarantee Fund business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D
Revenue model
- Membership Premiums from Credit Institutions: The Fund receives mandatory membership fees from banks and credit institutions. Initial premium is 2% of minimum capital required for establishing a credit institute. Annual membership premium is 0.25% of average daily balance of deposits (first year) and 0.25-1% of average weekly balance for subsequent years. Special membership premiums are received proportional to risk in credit institute activities, up to maximum twice a year.
- Investment Returns: The Fund invests in financial bonds guaranteed by central bank or government up to a maximum of 70% of Fund resources, when resources are free and there is no commitment on Fund obligations.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Pay-as-you-go | Deposit Guarantee Coverage |
Distribution channels2 records
Marketing channels1 record
Iran Deposit Guarantee Fund product offering
Product offeringCore offering
The Iran Deposit Guarantee Fund provides statutory deposit guarantee coverage to depositors of all licensed Iranian banks and credit institutions, covering deposits up to IR.Rials 1,000,000,000 per depositor per institution across 19 deposit types. It collects mandatory membership premiums from member institutions, invests free reserves in government/central bank-guaranteed bonds, and manages the resolution and repayment of deposits when member institutions are declared bankrupt.
Product overview
Iran Deposit Guarantee Fund operates as a single integrated platform providing deposit protection services to the Iranian banking system. The Fund's core offerings include deposit guarantee protection for depositors of member banks and credit institutions (up to 1 billion IRR per depositor per institution), a premium collection system funded by mandatory membership fees from financial institutions, and bank resolution services that handle repayment of guaranteed deposits when institutions become bankrupt. The Fund also provides digital services through an information portal and member login system. All services are delivered under the regulatory oversight of the Central Bank of Iran and in compliance with Iran's Fifth Five-Year Development Plan.
Differentiator
Problem solved
Functional benefit
Products and services
- Deposit Guarantee Service Core statutory service that protects deposits of depositors against losses caused by bankruptcy of banks and credit institutions in Iran, covering deposits up to a guaranteed ceiling of IR.Rials 1,000,000,000 per depositor per institution across 19 deposit types.
- Bank Resolution Services Statutory resolution services for bankrupt credit institutions, including deposit repayment through appointed acting credit institutions within 20 days of bankruptcy declaration, and transfer of depositor rights to the Fund.
Quantifiable outcome
- Repayment of guaranteed deposits within 20 days after bankruptcy declaration
- +2 more outcomes
Companies that use Iran Deposit Guarantee Fund
Customer profileSegments2 records
Ideal customer profiles2 records
Iran Deposit Guarantee Fund technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Iran Deposit Guarantee Fund partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core and minor.
- Central Bank of IrancoreThe Central Bank of Iran is the primary regulatory partner and supervisor of the Deposit Guarantee Fund. The Governor of Central Bank serves as Chairman of the Board of Trustees. Central Bank provides authorization for establishment of the Fund, supervises credit institutions, and may provide facilities when Fund resources are insufficient.
- International Association of Deposit Insurers (IADI)coreInternational organization for deposit insurance institutions worldwide. The Fund is a member of IADI, enabling exchange of information, experience, and best practices with deposit insurance institutes in other countries.
- Monetary and Banking Research Institute (MBRI)minorIranian research institution for monetary and banking studies. Partner for research and knowledge exchange in financial stability areas.
- Iran Banking InstituteminorEducational and research institution for banking sector development and professional training.
- Bank for International Settlements (BIS)minorInternational financial institution that serves as a bank for central banks. Provides global standards and research for financial stability.
- International Monetary Fund (IMF)minorInternational organization working to foster global monetary cooperation and financial stability.
- World BankminorInternational financial institution providing funding and expertise for development and financial stability projects.
- Islamic Development Bank (IsDB)minorFinancial institution focused on development in Muslim-majority countries, potential partner for financial stability initiatives.
Scale indicators3 records
Recent moves6 records
Expansion highlights4 records
Iran Deposit Guarantee Fund competitors and assessment
Company assessmentRegional players
- Deposit Guarantee Fund of Kazakhstan: Kazakhstan's mandatory deposit insurance organization covering deposits at member banks with risk-based premium assessment. Comparable as another CIS-region deposit insurer operating in an emerging-market banking sector with similar statutory structure.
- Deposit Protection Fund of Ukraine: Ukraine's individual deposit guarantee system administered by the Individuals' Deposits Guarantee Fund, with explicit bank resolution and asset management functions. Operates in a similar emerging-market, banking-stress context comparable to Iran's environment.
- Savings Deposit Insurance Fund of Turkey (SDIF): Turkey's deposit insurance fund with strong bank resolution and asset management mandate. SDIF is the closest geographic and economic-structure peer to IDGF, operating in a neighboring emerging-market economy with banking-sector stress and active resolution functions.
Others
- International Association of Deposit Insurers (IADI): International standard-setting body for deposit insurance systems of which IDGF is a member. IADI provides the institutional framework of best practices, peer benchmarking, and international coordination that shapes deposit insurance design globally, including for IDGF.
- Central Bank of Iran: Primary regulator and supervisor of the Iran Deposit Guarantee Fund, with the CBI Governor serving as Chairman of IDGF's Board of Trustees. CBI provides the implicit sovereign backstop and authorization framework that underpins IDGF's operations.
Broad incumbents
- Federal Deposit Insurance Corporation (FDIC): The U.S. deposit insurance agency insuring deposits at commercial banks and savings institutions, with a comparable deposit guarantee mandate, premium assessment system, and bank resolution authority. The FDIC is the most established and largest-scale peer, serving as the global benchmark for deposit insurance fund design.
Direct peers
- Korea Deposit Insurance Corporation (KDIC): South Korea's statutory deposit insurer with extended financial crisis resolution mandate, including resolution of failed financial institutions and asset management. KDIC's broader resolution authority parallels IDGF's bank resolution services through the acting credit institution mechanism.
- Financial Services Compensation Scheme (FSCS): The UK's statutory deposit protection scheme providing compensation to depositors of failed authorized banks. FSCS shares IDGF's role as a mandatory deposit protection scheme with defined coverage ceilings and rapid payout obligations to depositors.
- Canada Deposit Insurance Corporation (CDIC): Canada's federal crown corporation providing deposit insurance to member financial institutions with risk-based premium assessments and a defined coverage ceiling. CDIC shares IDGF's structure as a public entity with statutory deposit insurance mandate and tiered premium model.
- Deposit Insurance Corporation of Japan (DICJ): Japan's deposit insurance corporation with explicit crisis management mandate and ability to provide financial assistance to troubled banks. Like IDGF, DICJ operates under close central bank coordination and serves as a financial safety network institution.
Market position
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights6 records
Customer concentration
Iran Deposit Guarantee Fund social profiles
Digital presenceIran Deposit Guarantee Fund financial estimates
Financial estimateRevenue estimate
Valuation estimate
Iran Deposit Guarantee Fund leadership team
Management profileNumber of profiles
Profiles5 records
Iran Deposit Guarantee Fund funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Iran Deposit Guarantee Fund M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Iran Deposit Guarantee Fund
What does Iran Deposit Guarantee Fund do?
The Iran Deposit Guarantee Fund provides statutory deposit guarantee coverage to depositors of all licensed Iranian banks and credit institutions, covering deposits up to IR.Rials 1,000,000,000 per depositor per institution across 19 deposit types. It collects mandatory membership premiums from member institutions, invests free reserves in government/central bank-guaranteed bonds, and manages the resolution and repayment of deposits when member institutions are declared bankrupt.
Is Iran Deposit Guarantee Fund a public or private company?
Iran Deposit Guarantee Fund is a private company. It is classified as state government owned and is currently operating.
When was Iran Deposit Guarantee Fund founded?
Iran Deposit Guarantee Fund was founded in 2011. It employs 51 to 100 people.
Where is Iran Deposit Guarantee Fund based?
Iran Deposit Guarantee Fund is headquartered in Tehran, Iran, in the Middle East region.
How does Iran Deposit Guarantee Fund make money?
Two revenue lines are on record. Membership Premiums from Credit Institutions are the primary driver. The others are investment Returns.
Who are Iran Deposit Guarantee Fund's main competitors?
Regional players on record are Deposit Guarantee Fund of Kazakhstan, Deposit Protection Fund of Ukraine and Savings Deposit Insurance Fund of Turkey (SDIF). Others are International Association of Deposit Insurers (IADI) and Central Bank of Iran. Federal Deposit Insurance Corporation (FDIC) is listed as a broad incumbent. Direct peers are Korea Deposit Insurance Corporation (KDIC), Financial Services Compensation Scheme (FSCS), Canada Deposit Insurance Corporation (CDIC) and Deposit Insurance Corporation of Japan (DICJ).
Does Iran Deposit Guarantee Fund have an API?
No public API is recorded for Iran Deposit Guarantee Fund.
What industry is Iran Deposit Guarantee Fund in?
Iran Deposit Guarantee Fund's product category is Deposit Insurance. Its primary akta.pro industry code is FSALAKAD, Public Mortgage Insurance & Government Credit Guarantee Programs, with a secondary code of FSAAAOAC, Fund Depositary (UCITS/AIFMD & Trustee Oversight). Its NAICS code is 525190 and its SIC code is 6099.