Interest Accrual
The Bank pays interests under term deposits after the expiry date of the deposit agreement and at the moment of deposit withdrawal.
Interests are accrued since the next date after the funds were credited to the Depositor’s account opened with the Bank and till the expiry date of the deposit agreement including. The amount of the accrued interests is added to the deposit balance.
The deposit account is closed if the funds are withdrawn before the expiry date. If so, the Bank pays interests basing on the actual period the funds were deposited with the Bank and on the interest rate applied to demand deposits within that period.
