«Subsoil user» special deposit
At present, the terms and conditions of the product are being updated according to the legislation of the Republic of Kazakhstan. If necessary, a deposit can be opened on individual terms and conditions according to the requirements of the legislation of the Republic of Kazakhstan and in compliance with the internal requirements of the Bank.
Name | Condition |
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Customer segment, which the deposit is offered to |
Legal entities, their affiliates and representative offices |
General description of product |
contribution in view of creating subsoil user’s liquidation fund with the purpose of damage control of subsoil use operations in accordance with the requirements of the law of the Republic of Kazakhstan on subsoil and subsoil use. |
Deposit period |
in accordance with the terms and conditions of the contract for execution of subsoil use operations and existing law of the Republic of Kazakhstan |
Currency of deposit |
KZT, USD, EUR (currency of deposit may be determined by the contract for subsoil use) |
Minimum deposit amount |
Not limited |
Remuneration rate |
Established on a case-by-case basis |
Customer category |
Subsoil users |
Payment of remuneration |
Every six months |
Supplementary contributions |
Allowed |
Partial withdrawals/ Premature termination |
Allowed upon submission of the written permission (consent) of the competent authority, determined by the Government of the Republic of Kazakhstan, to the Bank |
Capitalization of remuneration |
Not stipulated |
Terms and conditions of premature termination of bank deposit |
1) with actual period of Deposit amount allocation of up to 6 (six) months from the date of funds crediting to the savings account, accrued remuneration is not paid; 2) with actual period of Deposit amount allocation of 6 (six) and more months from the date of funds crediting to the savings account, remuneration accrued (paid) is recalculated and paid at the on-demand rate, valid as of the date of signing the Bank deposit agreement |
Prolongation of Deposit term |
Not stipulated |