1. Classic deposit type- term deposit.
2. The deposit is placed with the tenor of minimum 31 days and maximum 1095 days.
3. Accrued interests aren’t capitalized and are paid to the depositor once a month, quarterly or at the end of deposit agreement period.
4. Interests are calculated based on the balance of placed deposit amount.
5. Interest amounts shall accrue from the day the Deposit is placed with the Bank to the day preceding the date of its repayment to the Depositor.
6. Should the Depositor request repayment of the Deposit or a part thereof before the term of the Deposit expires, instead of the interest amounts set by this Agreement interest on the Deposit or a part thereof is calculated at 0% annual interest rate, and should the interest amounts be already paid, the Deposit shall be deemed repaid in the amount of interests accrued and paid to the Depositor.
7. Should the deposit or any part thereof be demanded during the prolonged period of the Classic deposit Agreement, the interest envisaged by the Agreement shall be paid for previous period(s) and for the given period interest for the deposit or any part thereof shall be calculated and paid as per the provisions of article 6.
8. Should the Depositor fail to receive interests accrued on the Deposit no further interest shall accrue thereon.
9. In case the deposit is not demanded on the date the term of the deposit expires (unless other term for the repayment of the deposit has been set by mutual agreement of the Parties) the Deposit repayment term, at the Depositor’s choice, is automatically prolonged for the previous period (continually, but no more than 3 times) under the terms existing in the Bank for the given deposit type at the moment of prolongation. Should the bank terminate the given deposit type, the deposit repayment term isn’t automatically prolonged and until it is actually demanded the interests on the deposit are calculated at the rate set by the bank for the monetary funds available on acting bank accounts.
10. The Depositor can add additional amounts to the deposit (on which interests set forth by the Agreement shall accrue) in the following cases:
    - Should the deposit be placed for 274 days or longer (or be prolonged for the same period), the deposit may be supplemented by the 180th day preceding the expiry of the (prolonged) term of the deposit and only with amounts not to exceed the deposit balance existing at the moment of placement (prolongation).
    - No amounts can be added to the Deposit in case the deposit is placement for a term less than 274 days and in case of prolongation the amounts shall be added only on prolongation day and shall not exceed the Deposit balance.
11.  In the case of an early withdrawal request of the deposit or part thereof after an deposit increase, the earlier deposited amounts are returned first (the initially placed deposit amount, followed by the subsequent additions in sequence). Interest is calculated for the early withdrawn deposit or a part thereof in accordance with the provisions of clause 6. 
12. The Bank cannot unilaterally decrease the interest specified in the Agreement provided that the deposit is repaid within the term set forth by the Agreement.
13. Should the Depositor request repayment of a part of the Deposit after adding amounts to the Deposit, then shall be primarily repaid amounts added to the Deposit in reverse timing order, and the demand interests set by the Agreement shall accrue from the day following the date of adding them to the Deposit to the day preceding the date of its prepayment to the Depositor.
14. The bank shall provide the depositor (Investor) with a statement on their deposit account at the periodicity specified in the Agreement, no later than once a month, through the method of communication specified in the Deposit Agreement or in the Depositor’s application with the exception of cases when over the accounting period the account has not been debited or credited, moreover, to provide a statement on the account within 5 days after such request by the depositor at the tariffs set by the bank.
15. The deposit cannot be supplemented by third entities.
    - The authorities of other persons to use and manage the deposit shall be approved should such authorities be issued by a notarized power of attorney or by a written power of attorney made and signed by the depositor in the presence of the Bank’s officer.
16. In case of contract disputes the depositor shall apply to the Bank in written form and will receive reply to such request within 10 business days. In case of disagreement with reply, the depositor has the right to apply to the court or to the Financial System Mediator.
17. The bank acts as a tax agent for individual clients. Interest paid on deposits is subject to taxation according to the provisions of Section 7 of the RA Tax Code.
18. "YOU ARE ELIGIBLE TO COMMUNICATE WITH A FINANCIAL INSTITUTION BY THE MEANS OF COMMUNICATION YOU PREFER – THROUGH POSTAL SERVICES OR ELECTRONICALLY. THE RECEIPT OF INFORMATION ELECTRONICALLY IS THE MOST CONVENIENT. IT IS AVAILABLE ROUND-THE-CLOCK (24/7), IS FREE OF THE RISK OF LOSS OF PAPER INFORMATION AND ENSURES CONFIDENTIALITY".
19. "YOUR FINANCIAL INFORMANT" IS AN ELECTRONIC SYSTEM WHICH SEARCHES AND COMPARES THE SERVICES OFFERED TO INDIVIDUALS AND FACILITATES THE SELECTION OF THE MOST EFFECTIVE OPTION FOR YOU - www.fininfo.am/avand.

To place a deposit with the bank, the Depositor shall submit:

• Identification document,
• Document including the public service number or a certificate of failure to obtain a public services number

On the purpose of due diligence of the customer envisaged by RA law on "Combating Money Laundering and Terrorism Financing", the bank may request additional documents or other information from the consumer based on "Know your customer" principle, as well as ask the consumer additional questions during oral communication(upon such request).

In compliance with the agreement signed with USA, to find out whether you are a U.S. taxpayer or not, financial institutions may collect additional information about the agreements, contracts, cooperation, membership signed by financial institutions, which may have a direct impact on the consumers (e.g. foreign account tax compliance act (FATCA)).

Depending on various circumstances, additional documents and information may be required from customers.