Additional services
Honorary accounts

Honorary accounts

Profitably manage the military service honorarium

General

General
Tariffs
Documents
FAQ
Honorary accounts

Honorary accounts

Profitably manage the honorarium received by completing compulsory military service. You can spend this money on education, purchase of real estate or agricultural property.

Advantages

Annual income
7% Annual interest rate
Free opening
And free service
Free statement
Account statement is provided for free

Special offer

IDBank's free Caring Card is suitable for receiving regular payments such as pensions, allowances and other similar payments. Cardholders receive benefits and discounts, including health insurance on favorable terms.

Honorary accounts - Special offers
Action
Tariff
Client group
A remuneration account is a special account serving the amount of remuneration calculated by the RA Defense Ministry to the rank and file at the moment of their release from military service (hereinafter also referred to as citizens receiving remuneration), who have signed contracts on serving in specific locations and conditions, disposal of the funds available on which is restricted by the RA legislation.
Types of operations through the account
Funds transferred to the remuneration account can be used only in an order and for purposes defined by RA Government Decision N 456-N dated April 12, 2018.
Account opening and servicing fee
Free of charge
Account currency
AMD
Annual nominal interest rate
7%
Interest calculation
The interest rate is calculated on daily account balance unless otherwise provided by the agreement.
Account maintenance/servicing
Free of charge
Maximum remuneration amount
5,000,000 AMD unless otherwise provided by law
Provision of statements
Free of charge
Provision of a second statement
Free of charge
Account closure
Free of charge
Escrou accounts Required documents
147.88 KB
The funds transferred to a remuneration account can only be used in the order and directions defined by RA Government Resolution N 456-N dated April 12, 2018.
A remuneration account can be opened in AMD.
Yes, the limit is AMD 5 000 000 unless otherwise provided by law.
The account is opened by the Bank for free as well as 7% annual interest rate is applied to the positive balance of the account.
A remuneration account is a special account serving the amount of remuneration calculated by the RA Defense Ministry to the rank and file at the moment of their release from military service (hereinafter also referred to as citizens receiving remuneration), who have signed contracts on serving in specific locations and conditions, disposal of the funds available on which is restricted by the RA legislation.
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Information updated 29.10.2021 08:39
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