Bank Of Baku

Rules on returning of lump-sum payments in USSR Saving’s Bank’s Azerbaijan Republic Bank to Azerbaijani depositors

Rules on returning of lump-sum payments in USSR Saving’s Bank’s Azerbaijan Republic Bank to Azerbaijani depositors
# 14 March 2012 16:38 (UTC +04:00)
According to APA-Economics, the rules were approved in accordance with Azerbaijani President’s order dated to March 14, 2012.

Lump-sum payments are calculated as following:

           Rest of Savings (AZN)

               Calculation method

Up to AZN 0.04 (RR 2,000)

AZN 75 for each kopeck of Saving rest

From AZN 0.04 to AZN 0.1 (RR 2,000 – RR 5,000)

AZN 300 + AZN 50 for each kopeck of saving rest more than AZN 0.04

AZN 0.1 – AZN 0.2 (RR 5,000 – RR 10,000)

AZN 600+AZN 40 for each kopeck of saving rest more than AZN 0.1

More than AZN 0.2  (more than RR 10,000)

AZN 1,000 + AZN 25 for each kopeck of saving rest more than AZN 0.2



To receive the lump-sum payments, it needs to apply to legal heir of USSR Saving’s Bank Kapital Bank by December 31, 2013. After this date, no appeals will be considered.

Application of depositors and the period on receiving the payments may be prolonged in accordance with the rule determined by President.
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