In case of annual review of deposits made after 25.03.2022.

More details:

• Time deposits
• Previous terms of deposit tariffs

* Annual interest yield as a result of application of an annual simple interest rate during the period of 365 days for a deposit of 1,000 AMD and capitalization of interests and payment frequency.

• To register a deposit, the required documents are:
• Identification document
• Public service number or reference on receipt of a public service number.
• The interest amount is calculated daily on the account balance.
• Funds of the third parties may also be credited to the depositor's account, with specification of details of the depositor's account. Unless otherwise provided in the contract, a statement shall be printed out.
• The deposit is registered in the branches of the Bank.
• The Bank accrues the interest amounts on the deposit amount from the day after the date of deposit to the Bank until it is returned to the customer or the day before the deposit is withdrawn from the depositor's account for other grounds. In the event that the date of payment of the deposit and its interest amounts coincides with the Bank's non-working day, the payment shall be made on the following business day, but no additional interest shall be charged for non-working days.
• The interest amounts on deposits in foreign currency are paid in AMD at the average exchange rate of the day published by the CBA. At the customer's request, the interest amounts may be paid in the currency of the deposit.
• The Bank has the right to unilaterally change the size of payable interest on demand deposits and funds in the bank account. Unless otherwise specified, a statement shall be printed.
• In case of request of a bank deposit in AMD in writing earlier than the deadline stipulated in the time deposit agreement, the deposit and the interest rate of 1% for the days, preceding the end of deposit validity will be paid to the depositor within 1 banking day.
• In case of request of a bank deposit in foreign currency in writing earlier than the deadline stipulated in the time deposit agreement, the deposit and the interest rate of 1% for the days, preceding the end of deposit validity will be paid to the depositor within 1 banking day.
• If the amount of the time deposit is not requested after the termination of the deposit agreement or upon the occurrence of the circumstances provided for by the contract, the contract is considered to be extended with the terms of the demand deposit. Unless otherwise specified, a statement shall be printed.
• The Bank may not unilaterally reduce the deposit interest amounts, determined by the deposit contract, deposited with the term of its return upon expiry of a specified period or upon the occurrence of the conditions, provided for in the contract. Unless otherwise specified, a statement shall be printed.

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