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If he applied in the past and was denied, he could get his first payment next month as long as the agency has his current bank deposit information on file.

Financial advisers like Jaideep Marathe believe that some people will start taking money out of the market and move them to safer bank deposits if the volatility continues for another six to eight months.

As the interest rate on bank deposits in the US was negligible, he advised Ms Sharma to move her money to India where fixed deposits were offering an interest of 5.5% to 6%.

So many of the technologies that we know today were stolen from China by the West, such as porcelain, gunpowder, compasses and bank deposit insurance.

Letymbiotis said that departing Russian bank deposits are offset by newly arriving international businesses.