Card issuance and service fees

The Bank enjoys the right to unilaterally change the size of interest paid against facilities available 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 facilities available on the account.
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).

Documents to be submitted

If you are a pensioner, you need to submit the following documents to any branch of the Anelik Bank CJSC to get the CARE ArCa Card

• passport,
• social card,
• pension book.

Pensioners shall get the card FREE of charge

If you are not a pensioner, you need to submit the following documents to any branch of the Anelik Bank CJSC to get the CARE ArCa Card:  

• passport,
• social card

Interest  calculation sample:

Initial amount of deposit                                                            1.000.000 AMD 
Clear annual interest rate of the deposit                             2 % 
Term of the deposit                                                                      12 months 
Annual interest profitability of the deposit (after taxation)                                      1.82 % 
(in case of capitalization of the interest)

Monthly paid interest
1.000.000 X 2%/365 X 30(31) = 1644 AMD (without taxation) 
1644 – 1644 X 10 % = 1480 AMD (net profit) 

Final amount of the deposit
1.000.000 + 1480 X 12 = 1.017.760 AMD  (after taxation) 

In case of capitalization of interests of the deposit.
Final amount of the deposit     1.018.150 AMD (after taxation)

Last updated 11.06.2012թ., 13:04