Iran Deposit Guarantee Fund

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.

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

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

• Deposit insurance
• Financial safety network
• Bank resolution services
• Depositor protection
• Statutory guarantee fund

Headquarters

HQ city

Tehran

HQ country

Iran

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D

Revenue model

1. 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.
2. 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

Distribution channels2 records

Marketing channels1 record

Core 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

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eight partnerships are on record, tiered core and minor.

• Central Bank of IrancoreStrategic or Co-development PartnerThe 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)coreStrategic or Co-development PartnerInternational 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)minorStrategic or Co-development PartnerIranian research institution for monetary and banking studies. Partner for research and knowledge exchange in financial stability areas.
• Iran Banking InstituteminorStrategic or Co-development PartnerEducational and research institution for banking sector development and professional training.
• Bank for International Settlements (BIS)minorStrategic or Co-development PartnerInternational financial institution that serves as a bank for central banks. Provides global standards and research for financial stability.
• International Monetary Fund (IMF)minorStrategic or Co-development PartnerInternational organization working to foster global monetary cooperation and financial stability.
• World BankminorStrategic or Co-development PartnerInternational financial institution providing funding and expertise for development and financial stability projects.
• Islamic Development Bank (IsDB)minorStrategic or Co-development PartnerFinancial institution focused on development in Muslim-majority countries, potential partner for financial stability initiatives.

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Regional 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

• LinkedInlinkedin.com/company/irandepositguaranteefund

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

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M&A

Investments

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Frequently asked questions about Iran Deposit Guarantee Fund