INDEMNIFICATION AMOUNT The Fund shall reimburse the insured deposits, but not exceeding Euro 30,000 in Denar equivalent for a deposit in a bank, foreign bank branch and savings house. From the date of accession of the Republic of Macedonia to the European Union the Fund shall reimburse the insured deposits, but not exceeding Euro 100,000 in Denar equivalent for a deposit in a bank, foreign bank branch and savings house. Deposit of a depositor shall imply the total deposits of a depositor in a bank, foreign bank branch or savings house. The reimbursed amount shall comprise the principal of the deposit, the calculated agreed and ascribed interest and the undue interest up to the day the decision adopted by the Governor of the National Bank of the Republic of Macedonia prohibiting the collection of deposits or revoking the founding and operating license of a bank, foreign bank branch or savings house becomes final. The reimbursement of Denar and foreign currency deposits shall be made in Denars. The Fund shall start the reimbursement of the insured deposits within 20 days after the day the decision of the Governor of the National Bank of the Republic of Macedonia becomes final. Under exceptional circumstances, the Fund shall prolong the term up to ten days. In case of doubt that the depositors' claims of the members of the Fund arise from transactions used for money laundering or financing terrorism, the payment of the depositors' claims shall not be made until the date of effectiveness of the court decision on the connection with transactions used for money laundering or financing terrorism.   Legal modifications of the indemnification amount N° Legal basis Indemnification amount Validation date 1 Banks and Savings Houses Act "Official Gazette of Republic of Macedonia" 29/1996 and 37/1998 75% of the total amount of savings per depositor, but not exceeding the amount of denar counter-value of 10,000 DEM. 06/08/1998 2 Deposit Insurance Fund Act "Official Gazette of Republic of Macedonia" 63/2000 1) 100% of the deposits amounting up to 1,500 EURO - payment in denars 2) 90% of the deposits amounting between 1,500 to 7,500 EURO, but no more than 7,500 EURO - payment in denars 06/08/2000 3 Changes on the Deposit Insurance Fund Act "Official Gazette of Republic of Macedonia" 29/2002 1) 100% of the deposits amounting up to 3,000 EURO,2) 90% of the deposits amounting between 3,000 to 10,000 EURO, but no more than 10,000 EURO - payment in denars 14/05/2002 4 Changes on the Deposit Insurance Fund Act "Official Gazette of Republic of Macedonia" 43/2002 1) 100% of the deposits amounting up to 10,000 EURO,2) 90% of the deposits amounting between 10,000 to 20,000 EURO, but no more than 20,000 EURO - payment in denars 03/07/2002 5 Changes on the Deposit Insurance Fund Act "Official Gazette of Republic of Macedonia" 158/2010 100% of the deposits amounting up to 30,000 EURO but no more than 30,000 EURO of the total deposits of a depositor - payment in denars. 100% of the deposits amounting up to 100,000 EURO, but no more than 100,000 EURO of the total deposits of a depositor from the date of accession of the Republic of Macedonia to the European Union - payment in denars. 09/12/2010