"Anelik Bank" CJSC Head of the Bank and the Bank branches of the individuals annual interest rate on demand deposits are as follows:

• The minimal amount of the deposit is set 100 000 (one hundred thousand) AMD or equal in USD or EUR which should be kept to receive the interest. 
•  Interest on the deposit is paid on monthly basis or in the terms provided by the agreement. 
•  Calculation of the interest on demand deposit is made towards actual balance of each day. 
•  The Bank enjoys the right to unilaterally change the size of interest paid against demand deposit and funds existing on the account, by informing the client 15 days before they become effective. 

•  The Bank enjoys the tax agent right to calculate and pay tax on profit (10%) from the interest received against deposits.  
•  Any disputes arisen between the Bank and the client shall be settled through negotiations. Disputes arisen between the Bank and the client may be resolved through Financial system mediator (in accordance with the order provided by RA Law “On financial system mediator”) or at commercial arbitrage (in order provided by RA Law “On Commercial arbitrage) 

Deposit calculation sample:

Initial amount of deposit       1.000.000 AMD 
Clear annual interest rate of the deposit    1 %
Date of the deposit       24 month
Annual interest profitability of the deposit 1 %  

(in case of capitalization of the interest)  

Annual interest profitability of the deposit (after taxation)  0.91 %  

(in case of capitalization of the interest) 

Monthly paid interest   

1.000.000 X 1%/365 X 30.4 = 833  AMD (without taxation) 
833 – 833 X 10 % = 750  AMD (net profit)