EN
AZ
RU
Loans
Cards
Deposits
Choose option
Choose option
100 AZN / USD
Up to 216 months
At the end of the period
In accordance with the rules of the Fund (ADIF)
Accrued interest is added to the principal amount once a year and interest is accrued on the added amount
If you want to financially insure your child's future and provide financial support for him to start a young life, take advantage of Rabitabank's Children's Savings Deposit product. Familiarize yourself with the terms, apply now to open a deposit account, and our staff will contact you!
| Deposit Increase: | Possible |
| Deposit Term: | 18 years |
| Required documents: | Identification document, child's birth certificate |
| Insured deposit: | It is a part of the protected deposit (funds in the bank account) that is compensated by the Fund in the amount specified by the Law "On Insurance of Deposits" in the event of an insurance event at the participating bank providing services to the depositor. |
More information: www.adif.az/page/sigortalanmis-mant
Note: Deposits with a term of 18 months or longer are fully exempt from interest income tax.
102.1.22-3. The portion of monthly interest income of up to AZN 200 accrued on individuals’ deposits in the national currency held with local banks and branches of foreign banks operating in Azerbaijan.
102.1.22-4. The full amount of interest income accrued on individuals’ deposits in the national currency placed with local banks and branches of foreign banks operating in Azerbaijan for a term of 18 months or longer and not withdrawn before the end of the 18-month period — for a period of three years.
Note: Pursuant to Articles 102.1.22-3 and 102.1.22-4 of the Tax Code, from January 1, 2024, the following interest income earned by individuals on new deposits in the national currency is exempt from income tax:
