Preferred investment Preferred investment

Types of preferred investment deposit accounts:

Preferred investment deposit accounts are divided into two general groups “Preferred accounts with interest” and “Preferred accounts without interest).

 

Preferred accounts with interest:

In this group of preferred accounts, further to receipt of monthly interest in consideration of type of account, securities will be assigned to the said accounts as well. Preferred accounts with interest are subdivided into several subgroups as follows:

  1. Preferred investment deposit account for natural (ordinary) persons:
  • Opening parties and holders of this deposit (headline 8726). In fact, depositors of ordinary short-term investment deposit will enjoy preferred securities further to interest according to the criteria put forth by the Bank.
  • On-account interest rate of deposit is presently given as 10%.
  • Least amount for opening the said deposit and assigning the said securities to this account is given as IRR 50,000.00.
  • Obligation of the bank before natural depositors (ordinary) of this account is limited to payment of interest equivalent of that of ordinary short-term investment deposits.
  • This account can be paid to and withdrawn from.
  • Since this account does not require depositing certain amount to assign the preferred securities, it can be an appropriate option for irregular and seasonal incomes. Since maximum amount of securities assigned to this account is higher than other types, this type of deposit is highly recommended for the customers with high financial resources. It should be noted that assigning the securities to this account is not included in obligation of the Bank.

 

Maximum securities assigned:

Maximum securities assigned at one stage to the accounts which are preferred for this purpose after passage of six months is given as IRR 360,000,000 (in case the account is preferred in the corresponding branch). Maximum securities to be assigned to the accounts which are preferred by the branch after 36 months as of opening date and/or last date of securities is given as IRR 500,000,000 (If the account is preferred by the corresponding branch). It should be noted that no obligation and guarantee with respect to possession of the securities to customers are created on the part of the Bank and only the account of the customers who are preferred for assigning the said securities according to the respective rules and regulations of the branch shall be subject to the said securities.

 

Assigning preferred securities is possible to a limited number of holders of the said account and every year based on condition of resources and consumptions by bank, it will be made for a certain percentage of average balance of the said account at any branch every year.

Note: Calculation of preference for each account will be made based on total of the least balance every day. Assigning the said securities to an account even repeatedly is possible.

 

  1. Preferred investment deposit account for legal entities and specific natural entities:
  • Legal entities (for their personnel and other individuals);
  • Specific natural entities;
  • Aiming at profiting and/or other aims , further to receipt of short-term interest on the condition of keeping the least balance after one month may benefit from the said securities.   
  • On-account interest rate of deposit is presently given as 10%.
  • Least balance specified for opening the account in this year is given as IRR 100,000,000 (as of Oct. 8, 2017 for calculation of securities ending on Nov. 6, 2017 and the next indices);

Note 1- In case of inclination for monthly assigning of the said securities to the account with percentage for assigning the securities, it is obligatory to keep the least daily balance equivalent of IRR 182,000,000.

  • Assigning the preferred securities to the accounts of specific natural entities and legal entities as long as the balance of account is not less than the least amount fixed by the bank (presently, IRR 100,000,000) or it is not cancelled, will be continued.
  • In case of decrease of account balance from the least amount determined for this purpose, assigning the securities to the account will stop and the account is subject to receipt of interest within the framework of the corresponding regulations and criteria. After increase of the balance to the specified least amount and keeping the said balance for one month (ending on 15th day every month), the privilege of account will be recalculated as of date of increase of account balance to the balance fixed for this purpose.
  1. Special Three-month Preferred Investment Deposit Account (This deposit is not opened as of Sept. 2, 2017)
  1. On-account interest-rate of deposit is presently given as 14%.
  2. Least balance for opening the account and assigning the preferred securities to the account equals to IRR 160,000,000.00.
  3. In case of inclination for assigning the monthly securities to the account with the percentage for assigning the securities, it is obligatory to keep the least daily balance given as IRR 223,000,000.00.
  4. Decrease of balance of account to less than IRR 160,000,000 shall result in cancellation of account.
  5. Coefficients for opening the account (that can be withdrawn from the maturity date) equals to IRR 10,000,000.
  6. In case of cancellation prior to appointed date and withdrawal from parts of the three-month preferred deposits prior to 30 days, no interest will be calculated and after passage of 30 days and prior to 3 months, it is possible at interest rate or ordinary short-term deposit minus 0.5 (presently 9.5%).
  7. Assigning the preferred securities is governed by conditions of investment deposit account for specific natural entities and legal entities (8727 and 8728).

 

Preferred Accounts without interest:

  1. Preferred investment deposit account without interest- ordinary real entities:

This type of account is among preferred accounts without monthly interest and only securities shall be assigned to the said accounts. In consideration of high percentage of assigning the securities to this account, large companies may use the securities of this account for financing the housing cost of their personnel for their welfare. Moreover, the individuals or organizations which are not able to or are not willing to receive interest, may benefit from the said securities and earnings thereof by opening this kind of account.

Moreover, this account is an appropriate option for benefactors for partnership with housing provision for those who are in lower financial ability.

  • Least amount for opening the said account and assigning the preferred securities is given as IRR 50,000.
  • No interest shall be paid to the said account.
  • Assigning the securities is governed by the conditions of preferred investment deposit account for ordinary natural entities (headline 8726). However, credit of branches and prioritization of the said account will be separately from the accounts of headline 8726.

 

  1. Preferred investment deposit account without interest- specific natural entities and legal entities

This account like account No. 8732 has no interest. However, it enjoys a high percentage of assigning the securities. However, the least balance for receipt of the said securities is given as IRR 160,000,000 so that the securities will be assigned to the said account every month.   

  1. Least amount for opening the said account is given as IRR 50,000.
  2. Least balance for assigning the preferred securities to the account equals to IRR 160,000,000.
  3. Assigning the securities is governed by conditions of preferred investment deposit account for specific natural entities and legal entities (headlines 8727 and 8728).

 

Preferred Ordinary Short-term Investment Deposit with maximum assigning the securities for IRR 170,000,000

- General and specific conditions and criteria for this deposit are similar to those of ordinary preferred short-term deposit (Headline 8726).

- On-account interest rate is given as 10%.

- Least amount for opening the account is given as IRR 50,000.

- Least balance of opening date of deposit will be included in the corresponding calculations to interest and securities.

 

Maximum assigning the securities:

  • Maximum assigning the securities at one stage for the accounts which are preferred by branch after six months is given as IRR 120,000,000 (if the account is preferred in the corresponding branch).
  • Maximum assigning the securities to the accounts which are preferred by the branch after 36 months as of opening date or last date of securities is given as IRR 170,000,000.
  • It should be noted that in this headline, similar to Headline No. 8726, no obligation and guarantee is created on the part of the bank for assigning the securities to account of customers. Only the account of the customers which are preferred by the branch for assigning the securities according to the respective regulations and criteria will be subject to securities.
  • Other general and specific conditions and criteria for the aforesaid account such as forms, documents and requirements for opening the account, calculation of monthly interest and assigned securities to branch and accounts of customers shall remain in effect as before and it shall be governed by the conditions and criteria of the bank in these accounts.
 

 

Modified Date1398/5/16- 10:33