PASHA offers the customers opportunity of earning more interest income on term deposit depending on the short and long term placement financial resources and the scheme of receiving accrued amount of interest.
Deposit Conditions
| Currency: | AZN, USD, EUR |
| Minimum amount: | 20,000 AZN / USD / EUR |
| The term: | From 1 to 36 months |
| Interest rate: | Based on individual agreement depending on the deposit currency, duration and interest payment scheme. |
| Interest payment: | Based on the customer’s choice, the accrued interest amount is transferred to the current account of the customer on a monthly, quarterly basis or at the end of period. |
Early withdrawal
The contract is terminated when a customer withdraws the whole amount or a part of the deposit earlier than expected. In this case, only the initial deposit amount is returned to customer, and the calculated accrued interests are not paid.
Automatic prolongation
If the customer does not refer to the Bank for deposit return, deposit shall be deemed as renewed. In this case the Bank extends the term of the deposit in accordance with agreed interest rates which is applicable for the extension date. When the bank does not agree to extend the period, the interest is not accrued, and the Bank sends notification to customer about returning of the deposit amount.