Opening a deposit
A deposit can be opened in the Bank in the name of a third party (except for deposits opened through the Bank's mobile app)
Reduction of the deposit amount
Starting from the 90th day from the moment of opening the deposit, the Depositor has the right to reduce the deposit amount by 20% of the original amount, while maintaining the established minimum deposit threshold.
If the deposit amount is reduced, the accrued interest is not recalculated.
These deposit conditions also apply to extended deposits.
Early termination of the agreement
In case of early termination of the deposit agreement, interest is recalculated at the interest rate for demand deposits.
In case of early termination of extended deposits, the recalculation of accrued interest on the deposit begins on the day following the day of the next extension of the deposit.
Interest accrual
Interest on the deposit is accrued for the period starting from the date of making the deposit to the Bank until the day of returning the deposit or the day preceding the date of debiting it from the account due to other circumstances.
Return of term deposit before the deadline
If the term deposit is returned at the Client's request before the deadline or before the conditions stipulated in the bank deposit agreement are fulfilled, the accrued interest is paid at the following interest rate set by the Bank for demand deposits*:: 1.0%
* The Bank may change the interest rate on demand deposits. If the interest rate is lowered, interest on deposits is calculated at the new rate 15 days after the Depositor is notified of the rate reduction.
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- Accrued interest on the deposit is paid by wire transfer of interest to the Depositor's savings or card account serviced by the Bank
Interest accrual
- When paying accrued interest, as well as the amount of the deposit made in cash, no commission is charged
- When withdrawing funds deposited to the Bank as a non-cash deposit, a commission is charged: 0.25%
Under what conditions is the commission charged?
According to the deposit agreement, the Bank returns all or part of the deposit amount at the first request of the Depositor, with the exception of cases stipulated by law
Refund of the deposit amount
In accordance with the RA Law "On Income Tax", the income received from the deposit is taxed at the rate of 10% of the accrued interest on the deposit
