Deposit Certificate

 

Deposit certificate is the banking deposit and represents the banks liability to pay the amount stipulated by the cerificate terms and conditions to the certificate holder on the day stipulated by the cerificate terms and conditions.

Key Terms and Conditions of Deposit Certificate:

  • Deposit Certificate maturity: minimum - 12 months; maximum - 24 months

  • Deposit certificate currency – GEL/USD/EURO

  • Deposit certificate can be received by resident, as well as non-resident individuals and legal entities

  • Nominal value of deposit certificate:

    • Minimum - GEL/USD 1,000*

    • Maximum - Unlimited

  • Bank is not liable to redeem the certificate before the due date  

  • Certificate shall not be partly sold

  • Terms and conditions of the sold certificate shall not be changed

  • During the validity period of the agreement, certificate holder is entitled to sell the certificate to any individual, through the bank’s involvement (to the bank), however, without the bank’s approval, in compliance with the terms and conditions stipulated by the certificate; Commission for sale of certificate to a third person amounts to  0.1% of the certificate’s nominal value.

*Effective interest Rate is calculated on 5,000 unit.

You may use two types of deposit certificates – interest and discount:

Interest Deposit Certificate

In case of purchase of deposit certificate, you will receive the interest on a monthly basis, certificate amount – upon expiry of the term.

Discount Deposit Certificate

In case of purchase of discount deposit certificate, you will receive high rate of interest in the form of price margin – you will get the initial amount of certificate and the interest accrued on it at the end of the maturity.

 

Deposit Certificate Interest Rates for Retail Clients:

 

GEL

USD

EUR

Term (months)

Discount

Interest

Discount

Interest

Discount

Interest

12

11.00%

10.25%

5.50%

5.25%

2.75%

2.55%

18

11.25%

10.30%

5.75%

5.50%

3.00%

2.65%

24

11.50%

10.35%

6.00%

5.75%

3.25%

2.70%

 

Effective Interest Rates for Retail Clients:

 

GEL USD EUR

Term (months)

Discount Interest Discount Interest Discount Interest

12

10.77%

10.51%

4.97%

4.83%

2.24%

2.06%

18

10.80%

10.64%

5.32%

5.27%

2.63%

2.33%

24

10.79%

10.73%

5.57%

5.62%

2.94%

2.47%

 

 

 

General Agreement on Deposit Certificate Service Terms and Conditions

 

Application Form

Security Code