An honorary account is a special account for serving the amount of remuneration calculated to compulsory servicemen of the rank and file at the time of discharge from the military service (hereinafter also a citizen receiving remuneration), who have signed contracts to perform military service in the place and under the conditions specified by the Ministry of Defense of the Republic of Armenia, 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
Annual nominal interest rate
Annual interest income
Method of calculation of interest
The interest rate is calculated on daily account balance unless otherwise provided by the agreement.
Free of charge
Maximum remuneration amount
5,000,000 AMD unless otherwise provided by law
Provision of statements
Provision of a second statement