Income received on the deposit is taxed at the rate of 10% of the accrued interest on the deposit
The guaranteed deposit is subject to refund in the following cases::
1. When the bank is declared insolvent on the basis of the legislation of the Republic of Armenia and when the Board of the Central Bank of the Republic of Armenia confirms that the bank is unable to return deposits within the time limits established by law and agreements
2. When the bank is declared bankrupt in accordance with the legislation of the Republic of Armenia
Maximum deposit guarantee amount: AMD 16 million
Check the information on the Bank's website
