General
Advantages
Action
Tariff
Client group
People entitled to use social package as defined by Decision N 1692-N of the RA Government dated December 27, 2012.
Account opening and servicing fee
Free of charge
Account currency
AMD
Cash deposit to the account
According to the «Tariffs of Bank accounts, transfers and other services provided by “ID Bank” CJSC
Types of transactions through the account
Account replenishment, Transfer of funds provided in the frames of social package, Account withdrawal, Funds available on the account are subject to cashing in cases prescribed by the relevant decision of the RA Government fr om December 27, N1691-N.
Provision of cash/cash-out from account
Free of charge
Provision of extract from the account
Free of charge
Provision of a reference on the account
Free of charge
Annual nominal interest rate
1%
Interest calculation
Interest rate is calculated on daily balance of the account unless otherwise provided by the agreement.
Account closure
Free of charge
Other conditions
According to the «Tariffs of Bank accounts, transfers and other services provided by “ID Bank” CJSC
Information bulletin A social package account can be opened in AMD.
- Organization of leisure and recreation in the Republic of Armenia
- Repayment of the monthly mortgage fee if the mortgage loan conditions comply with the general conditions of mortgage loans refinanced by “Home for Youth” Refinancing Credit Organization CJSC, “National Mortgage Company” Refinancing Credit Organization CJSC or “Artsakh Investment Fund”
- Tuition fee
- Obtaining the minimal package of additional services of health insurance for the social package beneficiary
- Obtaining the basic health insurance package for the family member of the social package beneficiary
-Repayments of the loan provided within the scope of the social package in case if such product is available in the Bank
- Repayment of the monthly mortgage fee if the mortgage loan conditions comply with the general conditions of mortgage loans refinanced by “Home for Youth” Refinancing Credit Organization CJSC, “National Mortgage Company” Refinancing Credit Organization CJSC or “Artsakh Investment Fund”
- Tuition fee
- Obtaining the minimal package of additional services of health insurance for the social package beneficiary
- Obtaining the basic health insurance package for the family member of the social package beneficiary
-Repayments of the loan provided within the scope of the social package in case if such product is available in the Bank
The account is opened by the Bank for free as well as 1% annual interest rate is applied to the positive balance of the account.
The following transaction can be performed through the account:
- Account replenishment
- Transfer of funds provided within the frames of social package
- Cash deposit
- Account withdrawal
- Funds available on the account are subject to cashing in cases prescribed by the relevant Resolution N1691-N of the RA Government dated December 27, 2012.
- Account replenishment
- Transfer of funds provided within the frames of social package
- Cash deposit
- Account withdrawal
- Funds available on the account are subject to cashing in cases prescribed by the relevant Resolution N1691-N of the RA Government dated December 27, 2012.
People eligible to use social package as defined by Resolution N 1691-N of the RA Government dated December 27, 2012.
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