According to RBC, this is stated in a letter from the Association of Banks of Russia (ADB) to the Chairman of the Central Bank Elvira Nabiullina.

The appeal notes that such actions by depositors are caused by a statement by President Vladimir Putin on a tax on interest income on deposits in the amount of 1 million rubles or more.

“The absence in the public space of comments explaining the order, terms and, most importantly, information about the payers of this tax created the ground for the dissemination of various versions and rumors of its implementation. And it can provoke a “raid” on banks, the first signs of which are already visible, ”the letter emphasizes.

Earlier, Russian Finance Minister Anton Siluanov explained that the tax will be levied only on interest received by depositors, including from ruble or foreign currency accounts with banks and from investments in bonds.

Siluanov explained that the tax will not affect changes in the deposit amount caused by fluctuations in exchange rates. He added that for deposits in foreign currency, the interest amount will be recalculated at the rate of the Bank of Russia for each day separately.

Siluanov also noted that the tax on interest income will be levied only on deposits whose amount will exceed 1 million rubles. He noted that the tax will begin to be levied on income for 2021, and the Russians will receive the first notice of the payment of this tax only in 2022.

On March 25, Russian President Vladimir Putin, in an appeal to the Russians, proposed introducing a 13% tax on income on deposits and securities if the total amount of such assets of a citizen exceeds 1 million rubles.