With the right to replenish

91-180 days

5.00% (5.12%)(Monthly) / 5.50% (5.58%)(At the end of term )

181-270 days

7.00% (7.23%)(Monthly) / 7.50% (7.76%)(At the end of term )

271-365 days

7.20% (7.44%)(Monthly) / 7.70% (7.98%)(At the end of term )

366-450 days

8.00% (8.30%)(Monthly) / 8.50% (8.50%)(At the end of term )

91-180 days

0.85% (0.85%)(At the end of term )

181-270 days

0.85% (0.85%)(Monthly) / 1.35% (1.35%)(At the end of term )

271-365 days

2.35% (2.38%)(Monthly) / 2.85% (2.85%)(At the end of term )

366-450 days

3.35% (3.4%)(Monthly) /3.85% (3.85%)(At the end of term )

91-180 days

0.25% (0.25%)(At the end of term )

181-270 days

0.75% (0.75%)(Monthly) / 1.00% (1.00%)(At the end of term )

271-365 days

1.00% (1.00%)(Monthly) / 1.25% (1.26%)(At the end of term )

366-450 days

1.25% (1.26%)(Monthly) / 1.50% (1.51%)(At the end of term )

91-180 days

2.00% (2.02%)(Monthly) / 2.50% (2.52%)(At the end of term )

181-270 days

2.75% (2.78%)(Monthly) / 3.25% (3.26%)(At the end of term )

271-365 days

3.75% (3.82%)(Monthly) / 4.25% (4.25%)(At the end of term )

366-450 days

5.00% (5.12%)(Monthly) / 5.50% (5.46%)(At the end of term )

1

Disputes arising between the parties may be resolved through the courts or through the Financial System Mediator (in accordance with the procedure established by the RA Law on the Financial System Mediator), address: 15 M. Khorenatsi Street, Elite Plaza Business Center, 7th Floor, Yerevan 0010, Republic of Armenia, e-mail: [email protected], telephone: (+37460) 70-11-11, fax: (+37410) 58 24 21. Furthermore, if the amount of the property claim does not exceed AMD 250,000 (two hundred fifty thousand) or its equivalent in foreign currency, the decisions of the Financial System Mediator may not be challenged by the Bank.

2

The Bank may, for the purposes of customer due diligence as required by the RA Law on Combating Money Laundering and Terrorist Financing, request additional documents or information based on the “Know Your Customer” (KYC) principle.

3

Pursuant to the agreement concluded with the United States under the Foreign Account Tax Compliance Act (FATCA), the Bank may collect additional information to determine whether the customer is a U.S. taxpayer, as well as to provide the State Revenue Committee of the Republic of Armenia with information on customers who are foreign tax residents in accordance with the Common Reporting Standard (CRS) of the Organisation for Economic Co-operation and Development (OECD), as prescribed by the RA Tax Code.

4

The list of the Bank’s branches and ATMs, as well as their addresses and business hours, is available at the following link: Branches and ATMs.

5

Term Deposits

The minimum amount for a deposit opened at a branch is set at AMD 100,000 (one hundred thousand), USD 200 (two hundred), EUR 200 (two hundred) or RUB 12,000 (twelve thousand), which must be maintained in order to receive the applicable interest rates specified in the Information Bulletin.

The minimum amount for a deposit opened online is set at AMD 10,000 (ten thousand), USD 20 (twenty), EUR 20 (twenty) or RUB 1,000 (one thousand), which must be maintained in order to receive the applicable interest rates specified in the Information Bulletin.

6

Attention: Interest on the funds available in the Customer's account is calculated based on the nominal interest rate. The Annual Percentage Yield (APY), on the other hand, indicates the total income the Customer will earn after paying all mandatory fees related to the funds and receiving the accrued interest at the prescribed intervals. The methodology for calculating the APY is available at the following link: Annual Percentage Yield (APY) Calculation

7

Annual Percentage Yield Calculation

Example 1)Deposit without the right to increase.

Deposit date: 01.05.2019

Deposit amount: AMD 100,000

Annual interest rate: 9.50%

Interest payment: at maturity (the deposit payment date is not included in the calculation)

Deposit term: 1,096 days (01.05.2022)

Income tax rate: 10%

Accrued interest: 100,000 x 9.50% / 365 x 1095 = AMD 28,500

Total accrued interest: AMD 28,500

Income tax: 28,500 x 10% = AMD 2,850

Interest income received by the depositor: AMD 25,650

Example 2) Deposit with the right to increase.

Deposit date: 01.05.2019

Deposit amount: AMD 100,000

The deposit amount is increased by AMD 50,000 on 23.07.2019

Annual interest rate: 8.75%

Interest payment: at maturity (the deposit payment date is not included in the calculation)

Deposit term: 237days (24.12.2019)

Income tax rate: 10%

Accrued interest:

100,000 x 8.75% / 365 x 237 = AMD 5,681.5

50,000 x 8.75% / 365 x 154 = AMD 1,846.9

Total accrued interest: AMD 7,527.4

Income tax: 7,527.4 x 10% = AMD 752.7

Interest income received by the depositor: AMD 6,774.7

8

If the deposit or any part thereof is withdrawn before the maturity date specified in the deposit agreement, the interest accrued from the date the deposit was placed until the day preceding the withdrawal shall be recalculated, and interest on the amount to be returned shall be calculated at the Bank's demand deposit interest rate applicable to the respective currency. Early termination of the deposit agreement is available only at the Bank's branches.

If the interest already paid to the depositor (or transferred to the bank account or used to settle other obligations) exceeds the recalculated amount, the difference shall be deducted from the amount of the deposit being returned. If it is less, the difference in interest shall be paid to the depositor.

9

Upon expiration of the deposit agreement, the deposit amount shall be transferred to the depositor's account. Interest on the balance of that account shall accrue in accordance with the terms and conditions applicable at that time to the respective bank account maintained by the Bank.

At the depositor's request, the term of the deposit agreement may be extended on the maturity date under the terms specified in the information summary for the respective deposit type effective at the Bank on that date (in particular, at the maximum interest rate applicable to the corresponding extension term and currency. If the frequency of interest payments changes and the interest payment frequency specified in the previous information summary is not available in the new (current) information summary, the deposit agreement shall be extended using the next closest longer interest payment frequency). This provision does not apply to deposits opened online. Online deposits may be extended only by visiting a Bank branch or calling the Contact Center.

If, upon expiration of the deposit agreement, the respective deposit type is no longer offered by the Bank, then, even if the Depositor has selected the automatic renewal option when entering into the agreement or has previously submitted a request to extend the term of the deposit agreement, the agreement shall be renewed under the terms of the deposit product in the corresponding currency with the highest nominal interest rate available at the Bank for the respective term at the time of renewal. If no deposit product for the respective term is available at the time of renewal, the agreement shall be renewed under the terms of the deposit product in the corresponding currency with the highest nominal interest rate available for the closest available term. In such cases, if there is no deposit product corresponding to the original term, the other terms of the original deposit agreement (such as the right to increase or decrease the deposit amount and other conditions) shall not apply upon renewal under a different deposit product.

10

The interest rate specified in the deposit agreement for a deposit placed for a fixed term or until the occurrence of conditions stipulated in the agreement cannot be unilaterally reduced by the Bank.

11

Funds received from third parties may also be credited to the deposit account, provided that the required details of the depositor's deposit are specified.

12

A deposit may be placed with the Bank in the name of a third party․

13

The repayment of funds held in the account is guaranteed in accordance with the RA Law "On Guaranteeing the Compensation of Bank Deposits of Individuals."

The deposits of individuals placed with IDBank CJSC are guaranteed by the Deposit Guarantee Fund within the following compensation limits:

Deposit currency structure / Maximum guaranteed compensation amount

If you have only an AMD-denominated deposit with the same bank – AMD 16 million

If you have only a foreign currency deposit with the same bank – AMD 7 million

If you have both AMD-denominated and foreign currency deposits with the same bank:

If the AMD-denominated deposit exceeds AMD 7 million – AMD 16 million (only the AMD-denominated deposit is guaranteed)

If the AMD-denominated deposit is less than AMD 7 million – AMD 7 million (the AMD-denominated deposit is guaranteed in full, and the foreign currency deposit is guaranteed in the amount equal to the difference between AMD 7 million and the guaranteed AMD-denominated deposit)