Earn increasing returns by placing a digital deposit through the PASHA Bank mobile app! Choose between Accumulation or Term deposits to achieve your financial goals.

Terms
    • Period: 3, 6, 9, 12, 18, 24, 36 months
    • Maximum amount: 100,000 AZN (or the equivalent in USD)*
    • Interest payment: monthly or at maturity

*100,000 AZN (or the equivalent in USD) is the total maximum deposit amount per client across both deposit types.

Digital term deposit
    • Minimum amount: 5,000 AZN (or the equivalent in USD)
    • Currencies: AZN / USD
    • Maximum interest rate: up to 10%
    • Top-ups: increasing the deposit amount is not allowed

Interest rates

	USD	USD
Term	Monthly	At maturity
3 months	2.75%	3.00%
6 months	2.75%	3.00%
9 months	2.90%	3.15%
12 months	3.00%	3.25%
18 months	2.65%	2.90%
24 months	2.30%	2.55%
36 months	2.00%	2.25%

	AZN	AZN
Term	Monthly	At maturity
3 months	7%	8%
6 months	9%	10%
9 months	9%	10%
12 months	9%	10%
18 months	9%	10%
24 months	7.5%	8.5%
36 months	7%	8%

Digital accumulation deposit
    • Minimum amount: 1,000 AZN
    • Currency: AZN
    • Maximum interest rate: up to 8.5%
    • Minimum top-up amount: 50 AZN
    • Top-ups: the deposit amount can be increased at any time (except on the opening date)

Interest rates

	AZN	AZN
Term	Monthly	At maturity
3 months	7%	8%
6 months	7.5%	8.5%
9 months	7.5%	8.5%
12 months	7.5%	8.5%
18 months	7.5%	8.5%
24 months	6%	7%
36 months	6.5%	7.5%

How to apply
• PASHA Bank Mobile Bank application

Deposit insurance

PASHA Bank is a member of the Deposit Insurance Fund, and deposits are insured by the Fund.

An insured deposit is the portion of a protected deposit compensated by the Fund. Compensation is the amount paid to protected depositors in the event of an insurance case.

The maximum annual interest rate for protected deposits is 12% for deposits placed in AZN and 2.5% for deposits placed in USD.

The maximum compensation amount for protected deposits is 100,000 AZN.

For more information, you can visit the website of the Deposit Insurance Fund.

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Starting from January 1, 2024, according to Article 102.1.22 of the Tax Code, interest income on new deposits placed in AZN by individuals is exempt from 10% income tax under the following conditions:
    • If the deposit is placed for 18 months or longer, the full amount of interest income is tax-free for 3 years;
    • If the deposit is placed for less than 18 months and interest is paid at maturity, interest income up to 200 AZN per month is tax-free;
    • If the deposit is placed for less than 18 months and interest is paid monthly, interest income up to 200 AZN per month is tax-free.

Note: In all other cases, a 10% withholding tax is applied to interest income. This applies to interest income in both national and foreign currencies.