Under the new Law on Bank Deposit Guarantee BDIF main functions are, as follows:

• to determine and collect annual and extraordinary contributions from deposit insurance scheme member banks;
• to invest its funds in deposits with the BNB and in highly liquid and low risk debt securities in accordance with the requirements of the Law on Bank Deposit Guarantee;
• to repay in-full the guaranteed deposit amounts of physical persons and legal entities up to BGN 196,000 (EUR 100,000);
• to protect the creditors’ interests and to control the trustees’ activities in failed member banks, according to the Law on Bank Bankruptcy;
• to take part in the financing of the resolution of credit institutions, pursuant to the Law on Recovery and Resolution of Credit Institutions and Investment Firms.