Deposits


VTB Bank (Azerbaijan), along with a high level of service, offers corporate clients special rates and a wide range of services and products. Due to deposit products created for legal entities, you and your company can store and increase your capital in a reliable bank on very favorable terms.

Currently VTB Bank (Azerbaijan) offers the following deposit products for legal entities

Deposit «Classic»

 
Deposit currency AZN, USD
Minimum deposit amount
30 000 AZN/17 000 USD
Deposit term
from 90 till 732 days
İnterest rate Deposit rates for business are considered individually
Accrual and payment of interest
daily, on 360/30 day basis. Transfer of interest - quarterly /at the end of the fixed term for client's choice
Deposit replenishment
not provided
Partial withdrawal not provided
Interest accrual procedure in case of early termination of the agreement  In case of deposit termination prior to 180 days from the deposit start date no interest is paid. In case of termination of the agreement after 180 days bank deducts 50% from interest accrued on the current date.
 Automatic prolongation Provided. Prolongation of deposit under the condition specified in the agreement but according with the interest rate effective on the date of prolongation of deposit.

Deposit «Flexible»

Deposit currency AZN, USD,EUR
Minimum deposit amount
100 000 AZN/USD/EUR
Deposit term
12, 24 months
İnterest rate deposit rates for business are considered individually
Accrual and payment of interest
Daily, on 360/30 day basis. Transfer of interest - monthly, quarterly or at the end of the fixed term for client's choice
Payment of accrued interest
monthly, quarterly or at the end of the fixed term
Deposit replenishment
provided. he total amount of all payments with partial withdrawal (additional payments) should not exceed double the sum of the initial payment during the during the deposit period
Partial withdrawal
On condition of maintaining minimum balance partial withdrawal of funds from deposit account is possible. Funds are transferred to the Client's account specified in the deposit agreement. Disbursement of funds is made upon client’s request not later than three business days after the date of receipt of request in bank
Interest accrual procedure in case of early termination of the agreement
in case of early termination of Agreement no interest paid
Additional payments
not allowed
Automatic prolongation
provided. Prolongation of deposit under the condition specified in the agreement but according with the interest rate effective on the date of prolongation of deposit.