1. “Classic +” deposit type- term deposit.
2. The deposit is placed for a period of minimum 367 and maximum 1095 days.
3. Accrued interest is not capitalized and is paid to the depositor at monthly intervals or at the end of the term of the deposit agreement.
4. Interest is calculated on the balance of placed deposit amount. The calculation is made based on the actual number of days in a year: 365 days, and 366 days for a leap year.
5. The interests against the deposit are calculated from the moment the Deposit is placed with the bank up to the day preceding its recovery to the Depositor.
6. In the event that it is required to repay the Deposit or a part of it before the expiry of the term of the Deposit, instead of the interests specified in the contract for the Deposit or the required part, interests are calculated at the rate of 0% per annum, and if the interests specified in the contract has already been paid to the Depositor, then the Deposit is considered to be returned in the amount of the interest paid.
7. Should the Depositor fail to receive the interests on the Deposit, no interest shall accrue thereon. Should the Depositor fail to demand the deposit after the Deposit Refund Period expires, the interests against the deposit are calculated at the rates set forth by the Bank for the monetary means available on the Bank accounts till the Deposit is actually demanded.
8. No amounts can be added to the deposit during the validity period of the Deposit Agreement.
9. The Bank cannot unilaterally decrease the interests specified in the Agreement provided that the deposit will be recovered within the tenor set forth by the Agreement.
10. The bank shall provide the investor (depositor) with a statement on their deposit account at frequency not exceeding one month in the manner set by the Deposit Agreement or in the manner specified by 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 an account statement within 5 days in case of submitting such a request by the depositor at the Tariffs set by the bank.
11. The deposit cannot be replenished by third parties.
    - 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.
12. In case of contract disputes the depositor shall apply to the Bank in written form and will receive the 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 in accordance with the law.
13. 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.
14. "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".
15. "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.