Омонат шартномаси

Term deposit named
“SHARQONA”

Content of the contract

1.1 “Depositor” grants money to “Bank” in the form of cash or non-cash (underline the one of options)
1.2 Information about deposit:
The name of deposit is “Sharqona”;
The term of deposit is 13 (thirteen) months;
The interest rate is 22% (twenty-two);
The amount of deposit is 1 000 000 (one million) UZS;
The passbook for deposit is granted / is not granted (underline the one of options);
1.3 Additional amount might be added to the deposit.
1.4 In case of early withdrawals (partial or full), the deposit contract will be cancelled and the amount of money left in the deposit will be transferred to the demand deposit account of client.
1.5. If the deposit is cancelled due to conditions stated in 1.2, the amount of money which deposited on “Sharqona” term deposit will be calculated with the following rules:
- from 9 to 13 months: yearly 22%;
- from 7 to 9 months: yearly 20%;
- from 4 to 6 months: yearly 19%;
- from 2 to 3 months: yearly 18%;
- for 1 month, the accrual won’t be calculated;


Payment procedure


4.1 “Bank” receives the amount of money stated in the contract from “Depositor”.
4.2 Interest accrued on time deposits is paid in accordance with the established "Procedure".
4.3 If the depositor demands early withdrawal of the deposit from the bank, then the interest on the term deposit is paid in accordance with paragraph 1.5 of this contract.
4.4 If the depositor does not come to the bank to withdraw funds after the expiration of the contract of the term deposit, the balance of this term deposit is transferred to the type of "Demand" deposits.