Deposit validity period
starting from 01.06.18, the deadline is not set
Deposit currency
AMD
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- The deposit is intended for individuals, residents and non-residents who have received capital from the state — parents or guardians appointed in accordance with the procedure established by law.
- Mandatory condition: the deposit is made in the name of the child, and the parent or guardian acts as a third party.
Deposit type
Interest is not capitalized
Capitalization
There is a possibility to top up the amount
Adding funds to your account
You can partially withdraw your deposit, but only for the following purposes::
1. For repayment of a mortgage loan of a parent or guardian of a child
2. To pay for an educational institution accredited in the Republic of Armenia for a child's family member.
3. To pay for the health insurance of a child's family member.
Withdrawal of a deposit
The deposit can be withdrawn in full at the written request of the Ministry of Labor and Social Affairs of the Republic of Armenia
Withdrawal
All depositors are provided with a utility payment card UNIPAY as a gift
