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:   


  • Interest rate
    up to 9.00%
  • Terms
    366 days
  • Minimal amount
    100 000 AMD
  • Maximal amount
    Not defined

The page was updated 15.12.2017 18:20


Deposit on favorable terms


Anelik Bank CJSC annual interest rate for the “Discount” term deposit for individuals

Nominal annual interest rate





91 days




181 days




271 days




366 days




1. Annual interest rate and the general terms and conditions for deposits exceeding AMD 25 million, USD 50 ( thousand or EUR 50 thousand attracted for 366 days and more shall be agreed and set out additionally.
2. The minimum deposit amount is AMD 100,000 (one hundred thousand) or USD 250 , or EUR 250 , which should be followed to get the interest amount according to the scale specified by clause 1 of this Information guide.
3. The Depositor may make 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. The due interest shall be paid at the time of making the agreement or at any time on the request of the depositor.
5. Interest accrued on the Deposit in foreign currency shall be paid in Armenian drams on the basis of exchange rate of the Bank as of the given day. 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.
6. 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.
7. 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 agreement.
8. If the day of returning the deposit is a day off the deposit shall be returned 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.
9. 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 unless otherwise is stipulated by the agreement.
10. The Bank shall not have the right to unilaterally reduce the interest rates specified by the agreement unless otherwise is stipulated by the law.
11. 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.

12. 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)

13. 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.
14. 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.
15. 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.
16. Copies of extracts and payment documents, and other documents are provided to the Depositor against the fees established by Anelik Bank CJSC. 

17. The Annual Percentage Yield (APY), calculated for 366 days for AMD denominated deposits free of tax on profit is  9.89%, 


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.

18. Example of calculation of APY:

Deposit start date: 11.12.2017

Amount of deposit:  100 000 AMD

Annual interest rate: 9.00%

Maturity: 366 days

Value of the tax on income: 10%

Calculated interest: 100 000 x 9.00% : 365 x 365 = 9,000

Tax on income: 9,000 x 10% = 900

Interest to be paid to the Depositor: 8,100 AMD


The page was updated 15.12.2017 18:21
    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.