"Nariste" Children Deposit

Target audience

Individuals

Deposit appointments

Contribution for clients planning to secure the future of their children

Type of the deposit

accumulative

Minimum deposit amount

1000 KGS; 20 USD

Minimum amount of additional contributions

without restrictions

Additional in-payments and their limits

1. Not more than 10 million soms, 200 thousand US dollars, 10 million rubles for the period of the contract.

2. Acceptance of additional contributions is terminated 30 days before the expiration date of the deposit contracts.

Frequency of interest payments

at the end of the term

Interest capitalization

The interests accrued for 12 months shall be added to the principal amount of the deposit

Additional in-payments and their limits The interests accrued for 12 months shall be added to the principal amount of the deposit
Interest payment in case of early contract termination

1. if after the expiration of 1/2 of the term, 50% of the remuneration is paid (capitalized %% is not recalculated)

2. if before the expiration of 1/2 of the term, it is paid at the % rate of the deposit (deposit) on demand

Specific features

а) The deposit is opened upon presentation of a birth certificate.

б)

  • When opening a deposit in the name of a minor, its term must not exceed the date the minor reaches 18 years of age.
  • The term of a deposit opened in the name of a child must be limited to the date of their adulthood, i.e., 18 years of age.

Contract prolongation

Automatically at the interest rate applicable on the extension date. Automatic extension is not applied if the minor reaches the age of 16.

When extending a deposit opened in the name of a minor, the term must not exceed the child reaching 18 years of age.

  • “The maximum extension term for a children’s deposit is limited to the date the child reaches adulthood, i.e.,18 years of age."

* Maximum effective interest rate: KGS - 12,74%, USD - 2,53%

Note: the customer shall have the right to choose the deposit term between the standard terms of the deposit products. For such cases the following principle shall be applied for establishment of the interest rates: a standard interest rate shall be applied to all deposits, opened for the period until the next standard period in accordance with the scale of the interest rates of the deposit product.

 

Deposit Protection

OJSC "ABank" is a participant in the Deposit Protection System for individuals in the Kyrgyz Republic.                     

The Deposit Protection System for individuals in the Kyrgyz Republic aims to protect the rights and legitimate interests of depositors of Kyrgyz banks, strengthen confidence in the banking system, and encourage  household savings to be placed in banks.                             

The system is regulated by the Law of the Kyrgyz Republic "On the protection of Bank Deposits (deposits)". Compensation to depositors is limited to 1,000, 000  KGS per depositors.                                             

*For deposits exceeding 5,000,000 KG, the Bank's management may consider individual interest rates upon the client's written request.              

Currency 3 months 6 months 9 months 12 months 18 months 24 months 36 months 60 months 120 months
KGS - - - - - 11% 12% 12% 12%
USD - - - - - 2% 2% 2,5% 2,5%

 

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