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Discount Deposit on favorable terms


Deposit on favorable terms

Choose “Discount” type of deposit and receive the due interest amount at the time of signing the agreement. You can get free MasterCard Standard, MasterCard Gold plastic cards:        


  • Interest rate
    up to 8.00%
  • Terms
    366 days
  • Minimal amount
    100 000 AMD
  • Maximal amount
    Not defined

The page was updated 13.09.2018 09:36


Deposit on favorable terms


1. "ID Bank" CJSC annual interest rate for the “Discount” term deposit for individuals

Nominal annual interest rate





91 days




181 days




271 days




366 days




2. Annual interest rate and the general terms and conditions for deposits attracted for more than 366 days and/or exceeding AMD 25.000.000 (twenty five million), USD 50.000 (fifty thousand) thousand or EUR 50.000 (fifty thousand)  shall be agreed and set out additionally.
3. The minimum deposit amount is AMD 100,000 (one hundred thousand) or USD 200 (two hundred), or EUR 200 (two hundred), which should be followed to get the interest amount according to the scale specified by clause 1 of this Information bulletin.
4. The Depositor may put the deposit for the benefit of the third party, which acquires the right to manage the deposit from the time of conclusion of the first deal with the deposit, representing the first requirement to the Bank based on such right, or submitting written request for such deal, and the Depositor (investor) shall loose its right to the deposit.
4.1. If the third party, for the benefit of whom the deposit is placed, without his/her knowledge, is adult and capable physical person, the depositor shall independently assign the responsibility for submission of documents confirming the identity of such third party (information) with all the legal consequences resulted therefrom.
5. The due interest shall be paid at the time of executing the agreement.
6. Bank account in Armenian drams is opened for demand deposits.
7. Interest accrued on the Deposit in foreign currency may be paid in the currency of the deposit, upon the request of the client, in cases, other than stipulated by the Central Bank of Armenia. Unless the client requested receipt of the interest amount in the given currency, such interest shall be paid in Armenian drams on the basis of going exchange rate applicable by the Bank.
8. Interest amount shall be re-calculated in case of early withdrawal of the Deposit or a part thereof at the rate of demand deposit of the same currency.
9.      Interest due shall be accumulated from the day following the date of acceptance of the Deposit and until the day preceding to the day of withdrawal of the deposit at the maturity or otherwise.
10. If the maturity day of the deposit is a day off, such deposit shall be returned on the business day following such day off. Moreover interest shall be accumulated on the deposit  for such mentioned days off. If for any branch of the Bank such day off is a business day, nevertheless it should be considered day off for the Bank.
11. Upon Depositor’s request the deposit agreement may be extended after its termination according to the terms and interest rate stipulated by the information bulletin of the given deposit (particularly, at the maximum interest rate applicable for the extended terms of deposit agreement in the same currency; and in case of changing the frequency/periodicity of payment of interest where the frequency of payment of interest provided by the previous information bulletin is not stipulated in the latest (applicable) one, the term of the deposit agreement shall be extended for the most close long frequency).
11.1. The deposit agreement shall be extended on the terms most corresponding to the terms of  such kind of deposit in the same currency and the maximum nominal interest rate determined by the Bank if at the time of expiration of the deposit agreement such kind of deposit no more exists, even if the depositor provided statement to extend the agreement after its expiration or selected the execution of agreement with the right to extend.  If no such kind of deposit is there in the Bank the deposit agreement shall be extended on the terms of deposit in the same currency the interest rate of which is the maximum and the term of which is maximally close to the given deposit. Moreover, in the event there is no such kind of deposit, the maturity of which correspond to the maturity specified by the deposit agreement, other terms of the deposit agreement such as replenishment/reduction of the deposit amount and other terms) shall not be considered.
11.2. The deposit agreement shall be extended on the basis of new ID document of the depositor in case such documents have been changed.
11.3. At the time of extending the agreement the depositor may replenish /withdraw the amount of the deposit.
12. If the Depositor doesn’t require return of the deposit after the term of the agreement the Deposit amount shall be transferred to the Depositor’s account under the terms of demand deposit; interest on which shall be calculated at the rates for demand deposit applicable by the Bank.
13. The Bank shall not have the right to unilaterally reduce the interest rates specified by the agreement unless otherwise is stipulated by the law.
14. The Bank shall have the right to unilaterally change the interest rates for the demand deposits and funds available on the banking account by placing 15 (fifteen) days prior announcement on the official web site of the Bank.
15. Return of deposits to individuals is guaranteed by the RA Law on “Guarantee of Remuneration of Bank Deposits of Physical Entities”.
Remuneration of Bank Deposits of Physical Entities is guaranteed by the Deposit guarantee fund in the following amount.


If you hold only a foreign denominated bank deposit

If you hold only a foreign currency denominated bank deposit

 If you hold dram and foreign currency denominated bank deposit

If the dram deposit amount exceeding five million Armenian drams 

If the dram deposit amount doesn’t exceed five million Armenian drams

Maximum amount of guaranteed deposit 

10 million Armenian dram 

5 million Armenian dram

10 million Armenian drams  (only the dram denominated deposit will be guaranteed)

5 million Armenian drams
(the dram denominated bank deposit will be guaranteed entirely, and  the foreign currency denominated bank deposit - for the difference between five million Armenian drams and the remunerated dram denominated bank deposit)

16.Acting as a tax agent to the Depositor, the Bank shall have the right to calculate and  charge tax on income (10%) from the payment of interests.
17. The Parties shall settle any disputes hereunder by negotiations or in accordance with applicable RA legislation.
The Depositor shall have the right to apply to the financial system mediator in accordance with the RA Law “On Financial system mediator” or to apply to the court (to the appropriate arbitration tribunal in case of availability of arbitration agreement between the client and the Bank) or to the Central Bank of RA.
The Bank must provide the conclusive answer to the client within 10 (ten) business days from the moment of receiving the claim of the client. In the event where the client disagrees with the written conclusive answer of the Bank or failure to receive any respond within 10 (ten) business days the Depositor acquires the right to apply to the Financial system mediator within 6 (six) month period. The Bank may not dispute the decisions of the financial system mediator if the value of the property claim doesn’t exceed 500 000 (five hundred thousand) Armenian drams or equal foreign currency. 
18. Extracts from deposit accounts are provided to the Depositor at least on monthly basis with thirty day periodicity unless other periodicity is stipulated by the agreement or the law.
19. The depositor shall be charged commissions at the rates determined by the Bank for cash out when withdrawing the amount if such amount was replenished in non-cash form.
20. Copies of extracts and payment documents, and other documents are provided to the Depositor at the rates applicable by "ID Bank" CJSC (according to the «Tariffs for services rendered to the clients of "ID Bank" CJSC”).
21. The Annual Percentage Yield (APY), calculated for 366 days for AMD denominated deposits,   is  8.70%, tax on profit excluded, where 


APY –  Annual percentage yield,

A –  is the initial deposit principal amount,

ո – is the consecutive number of the deposit related cash flow,

N – is the last of the deposit related cash flows (including cash flows at the time the deposit was put), after which the deposit agreement expires

Kո – flows of deposit principal and/or capitalized interest and mandatory fees, if any, at the deposit start date and/or during its term.

Dո – is the number of days elapsed from the time the deposit was made till each n-th deposit-related cash flow inclusively. When cash flows occur on the deposit start date, D1=0.

22. Example of calculation of APY:

Deposit start date: 05.03.2018 (the day of placing the deposit is not considered)

Amount of deposit: 100,000 AMD

Annual interest rate: 8.00%

Maturity: 366 days

Value of the tax on income: 10%

Calculated interest: 100,000 x 8.00% : 365 x 365 = 8,000   (the date of payment of deposit is not considered

Tax on income: 8,000 x 10% = 800  AMD

Interest to be paid to the Depositor: 7,200 AMD


The page was updated 12.02.2019 16:56
    The following documents should be submitted to the Bank for execution of “Discount” deposit:

  • ID document,

  • Public service number /reference on non-receiving the PSN
The page was updated 20.11.2017 12:53
Attention: The Bank does not bear any responsibility for the inaccuracy of information on the linked web sites, nor does it accept any responsibility for the advertisements therein or possible consequences arising out of use of information provided on the linked web-sites. In case of any discrepancies in the website materials in Armenian, Russian and English languages, the Armenian version is prevailing.