Common Contracts
1 similar Time Deposit Agreement contracts
Passport of the ‘Progression’ Deposit for Individuals and Legal EntitiesTime Deposit Agreement • March 29th, 2019
Product category: Time deposit for individuals and legal entities Advantages Interest is not lost if the deposit is withdrawn early, provided that the deposit was active for 90 days (corresponding to full 3 months) and more. Interest is paid out for the actual number of full months in accordance with the interest rate for that month (actual time of keeping the deposit acc. to Table 10 below),valid at the moment of opening the deposit. Product features A deposit agreement is concluded for 360 days (corresponding to 12 full months, calculated on the basis of 30 days/month). Interest payments are made at the end of the actual term of deposit’s maturity. Deposit currency KGS; USD; EUR; RUB Minimum initial deposit amount 5 000 KGS/RUB, 100 USD/EUR Minimum additional deposit amount Not stipulated Prolongation If the deposit is not withdrawn on the day of its maturity in accordance with the date specified in the agreement, the agreement is deemed not extended (not prolonged). Deposit amount a
