Online Banking
“For Kids” deposit

“For Kids” deposit

By investing the deposit “For Kids” today you will take care of your children’s well-being in the future. The deposit account “For Kids” will be opened in the name of the parent. You may later add any amount to it at any time, capitalize accrued interests and add to principal, withdraw the principal amount of deposit leaving the accrued interest amount unchanged, make use of credit lines, get loans under credit programs of ARARATBANK OJSC at preferential interest rates․

  • Currency

    AMD, USD

  • Period

    4-18 years

  • Percentage

    AMD -10.5%, USD - 4.5%

Period Interest rates of deposit “For Kids”

4-18 years

10․5% 4.5%
Required documents
  • A passport (or identification card) or a military record book, and where a depositor is a foreign citizen (except for dual citizenship), passports shall be translated into Armenian and notarized.
  • A social card or a reference on issuing a public service number.
  • A power of attorney certified by a notary public, where a person is authorized to deposit and/or manage funds.
Plastic cards to depositors

Plastic cards shall be issued with no annual service fee and minimum required balance.

Currency MC Standard/Visa Classic MC Gold/ Visa Gold MC Gold/Visa Gold, 
Diners Club Young Professional
AMD Up to 10,000,000.00
initial deposited amount
From 10,000,001.00 up to  25,000,000.00
initial deposited amount
25,000,001.00 and over initial deposited amount
USD Up to 20,000,00 and over initial deposited amount  From 20,001.00 up to  50,000.00
initial deposited amount
50,001.00 and over initial deposited amount 
Important to know
  • Minimum deposit amount is AMD15,000 (fifteen thousand) or USD50 (fifty).
  • Bank and card accounts shall be opened for the Depositor free of charge. Once the deposit is repaid and the deposit agreement is not extended within one month, the current account shall become paid based on the rates applicable at the bank
  • Deposits may be topped up during the whole period of agreement except during the 30 (thirty) days preceding maturity date of the Agreement.
  • The interest rate of the deposit shall be fixed for 4 years and shall be revised once in every 4 years thereafter.
  • Accrued interests are subject to taxation at the moment they are paid out to the customer as provided by the Armenian Law on Income Tax.
  • If the depositor claims the deposit principal before the second anniversary after the deposit agreement has been executed, an interest rate of 0.1% per annum shall apply over that amount for a period between the date the deposit was invested and the date the deposit was claimed, and any amounts paid in excess of recalculated interest shall be withheld from the principal amount of deposit.

Deposits with ARARATBANK are guaranteed by the"Deposits Compensation Guarantee Fund". Both deposits (accounts) in Armenian drams and in foreign currency of either individuals or entrepreneurs are guaranteed. Maximum guaranteed amount for deposits in Armenian drams is 10 million drams, and 5 million drams for deposits in foreign currency. No actions shall be taken by the depositor to guarantee his deposit. From the moment the amount is deposited it is deemed guaranteed.

Metal accounts are not reimbursed by the Deposit Guarantee Fund.


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Deposit amount


Annual interest rate

All fields are required to be filled out and must not contain 0.

0 դր.

Interest calculated on a daily basis (In case of accumulative deposit, the calculation is made on the sum of the final deposit)

0 դր.

Total interest income calculated on the date of the deposit agreement

0 դր.

Net interest income actually paid to depositor during the deposit contract (10% of income tax deducted)

Note: Your interest rate is 10% of income tax.

Page updated 02.05.2023 | 10:31

In case of discrepancy between Armenian and English versions of the information, the priority is given to the Armenian version.