Kazarin, I. Return of deposit accounts: chronology and mechanism of changes in the judicial practice. Legal and “political” aspects to claims of depositors to the Savings Bank of the Russian Federation.

Abstract: In 1993 the Savings Bank of the Russian Federation launched and active ad campaign for the savings bank accounts for 10 years period “For the Children” on a very high interest percentage. However, when in 2003 and 2004 people came to banks to receive their money, it turned tout that starting from the 1994 the Bank lowered the interest rate without notifying the people, which ended up with people getting not the 15 119, 40 USD they expected, but a mere 13, 29 USD. When the people went to the courts they won their cases at first, but then there was an abrupt change in practice, engineered by the High Courts of the Russian Federation. This article contains a critical analysis of the judicial practice.