The Fund states that in for inclusion of deposits in the category of insured deposits, they should be received with maximum 12%: “Banks don’t pay calendar fee for past period, they will pay insurance fee from current quarter”.
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ADIF: All deposits with up to 12% placed in banks after August 1, 2013 are insured deposits
26 February 2015
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According to a decision passed by the Board of Trustees of the Azerbaijan Insurance Deposit Fund, all deposits with up to 12% placed in banks till February 24 are insured deposits.
The Fund told that the deposits with 10%, 11% and 12% are insured deposits from February 24: “On august 1, 2013, maximum interest rate for insured deposits was reduced from 12% to 10%. The interest rates for insured deposits in previous years made 15% and more. Therefore, the retroaction is determined from August 1, 2013”.
The Fund states that in for inclusion of deposits in the category of insured deposits, they should be received with maximum 12%: “Banks don’t pay calendar fee for past period, they will pay insurance fee from current quarter”.
The Fund states that in for inclusion of deposits in the category of insured deposits, they should be received with maximum 12%: “Banks don’t pay calendar fee for past period, they will pay insurance fee from current quarter”.
