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Azerbaijan Deposit Insurance Fund

What is insured deposit?

It is such a part of deposit that will be compensated by the Fund in the amount defined by Law "on deposit insurance" in case of insurance incident in the participant bank where a depositor is serviced

What is the amount of compensation paid to a depositor?

Starting March 2, 2016 deposits accepted by the Fund’s member banks with the annual interest rate 3 % in the foreign currency and 15 % in the national currency will be fully insured for 3 ( three) years.

Currencies in which compensation is paid in an insurance incident

In manats for the deposits in national currency
In USD or EUR according to the currency of the deposit for the deposits in USD and EUR deposits
For deposits denominated in other foreign currencies compensation shall be paid in USD or EUR based on the official exchange rates defined by the Central Bank.


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Application Forms

       

APPLICATION FORM and Sample form that should be submitted by protected depositors of “Bank of Azerbaijan” OJSC, where an insurance event had taken place, in order to get the compensatory pay-offs:

Application form

Sample form


APPLICATION FORMS that should be submitted by protected depositors of “Royal Bank” OJSC, where an insurance event had taken place, in order to get the compensatory pay-offs:

Application Form that should be submitted to “Mugan Bank” OJSC branches.

Application Form that should be submitted to “AG Bank” OJSC branches.

Application Form that should be submitted to “Bank Respublika” OJSC branches
       

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