In this section you will find answers to the most frequently asked questions.

  • Can I receive interest if I withdraw my deposit ahead of time? How much interest will I receive?
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    When you withdraw your deposit ahead of time, the interest accrued on the “Universal Deposit” is paid in the amount of AZN/USD/EUR 0% between 0-30 days, AZN/USD/EUR 10% between 31-180 days, AZN 20%, USD/EUR 25% between 181-360 days, and AZN 30%, USD/EUR 50% after 360 days. Interests accrued on the “Child Savings” deposit is paid without charging penalty for the completed year, no interest is paid for the incomplete year.

  • If I place a deposit for a period of 1 year in this year, and the interest rates change next year, at what rate will my deposit be extended if it is automatically extended?
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    When your deposit is automatically extended at the end of the term, the term of the deposit is extended in accordance with the interest rates on the day of the extension.

  • Do you have a savings deposit in your bank?
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    Yes. Currently, there is a child savings product in our bank.

  • Can I increase the deposit amount in "Universal deposit"?
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    According to the terms of the deposit "Universal" replenishment of the deposit is impossible.

  • Up to which amount are the placed deposits insured?
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    Yes, it is insured. From July 1, 2019, the upper limit of the annual interest rate on protected deposits in national currency has been set at 10%, and in foreign currency - 2.5%.

  • Can I withdraw my deposit or interest I placed in any branch of your bank from another branch?
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    When the term of the deposit you placed expires or the terms of the contract are terminated prematurely, you can withdraw that deposit only in the branch or department where you placed it, and customers will be presented a card as a gift for withdrawing the accrued interest.

  • Can I use the card you presented to me as a debit card to receive the interest on the deposit I placed? Are annual interest rates accrued on this card as well?
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    4% will be accrued if the balance on the card presented as a gift is more than 100 manats and the card can be used as a debit card.

  • Do you present to me a Kartmane as a gift to get the interests accrued on my deposit?
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    Kartmane card is presented as a gift to all customers to get monthly and quarterly interest accrued on the deposit.

  • Can I open a deposit in the name of my relative or other person?
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    Yes. You can place a deposit in the name of a third party. In this case, all the rights on the deposit placed belong to the depositor until the person, in the name of whom the deposit is placed, visits the bank and declares his/her rights on the deposit.

  • Which documents are required to place a child savings?
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    To place a “Child Savings” in Rabitabank, the birth certificate (identity card) of the child in the name of whom the savings is opened and the identity card of the parent placing the savings are required. For more information: Child savings deposit 

  • Are deposits insured?
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    Yes, they are insured. Until December 4, 2020, the upper limit of the annual interest rate on protected deposits in national currency has been set at 10%, and in foreign currency - 2.5%.

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