•   Deposits  

     

Deposits

For Legal Entities

Term Deposit

PASHA Bank Term Deposit can be used by large enterprises, as well as medium and small enterprises with annual turnover exceeding one million GEL, or with a potential to achieve this figure in the near future.

PASHA Bank Term Deposit can be used by large enterprises, as well as medium and small enterprises with an annual turnover exceeding one million GEL, or with the potential to achieve this figure in the near future.

If you have a certain amount of money that you do not need for a particular period we recommend you open a Term Deposit and get a high-interest rate. You can choose the term of the deposit and the period to get the interest rate. Please note that you cannot withdraw or add any amount to the deposit.

To see terms of deposits for individuals, please visit website rebank.ge

Service terms:

Currency: GEL, USD, EUR
Minimum deposit balance: 5,000 GEL/USD/EUR
Maximum deposit balance: 2,500,000 GEL, 1,000,000 USD/EUR
Terms: 1 month – 24 months
Rates for pre-mature cancellation: GEL - 2.00%; USD - 0.25%; EUR - 0.00%;

 

Interest Rates - Withdrawal at the End of Maturity:

  GEL  GEL (Effective) USD USD (Effective) EUR EUR (Effective)
3 - <6 months 11.20% From 11.41% 1.40% From 1.38% 0.80% From 0.78%
6 - <12 months 11.50% From 11.48% 1.95% From 1.94% 1.50% From 1.49%
12 - <24 months 11.80% From 11.19% 2.40% From 2.37% 1.55% From 1.53%
24 months 12.05% From 11.38% 2.50% From 2.47% 1.70% From 1.68%

 

Interest Rates - Monthly Withdrawal:

  GEL  GEL (Effective) USD USD (Effective) EUR EUR (Effective)
3 - <6 months 10.90% From 11.20% 1.30% From 1.28% 0.70% From 0.69%
6 - <12 months 11.20% From 11.66% 1.85% From 1.82% 1.40% From 1.39%
12 - <24 months 11.50% From 12.09% 2.30% From 2.42% 1.45% From 1.46%
24 months 11.75% From 12.38% 2.40% From 2.42% 1.60% From 1.61%

Interest rates for non-resident legal entities are 0,5% less.*

The effective interest rate is calculated for 5 000 units. Effective interest rate changes according to the deposit volume, maturity date, and interest accrual method.

Fixed Term Deposit

If you have a certain amount of money that you do not need for a particular period we recommend you open a Fixed Term Deposit and get a high-interest rate. You can choose the term of the deposit and the period to get the interest rate. Please note that you cannot withdraw or add any amount to the deposit. The Bank does not have the obligation to cancel the deposit earlier than its maturity date.

To see terms of deposits for individuals, please visit website rebank.ge

Service terms:

Currency: GEL, USD, EUR
Minimum deposit balance: 5,000 GEL/USD/EUR
Maximum deposit balance: 2,500,000 GEL, 1,000,000 USD/EUR
Terms: 1 month – 24 months
Rates for pre-mature cancellation: GEL - 2.00%; USD - 0.25%; EUR - 0.00%;

 

 

Interest Rates - Withdrawal at the End of Maturity:

  GEL  GEL (Effective) USD USD (Effective) EUR EUR (Effective)
3 - <6 months 11.45% From 11.68% 1.55% From 1.52% 0.95% From 0.93%
6 - <12 months 11.75% From 11.73% 2.10% From 2.09% 1.65% From 1.64%
12 - < 24 months 12.05% From 11.42% 2.55% From 2.51% 1.70% From 1.68%
24 months 12.30% From 11.61% 2.65% From 2.61% 1.85% From 1.83%

 

Interest Rates - Monthly Withdrawal:

  GEL  GEL (Effective) USD USD (Effective) EUR EUR (Effective)
3 - <6 months 11.15% From 11.47% 1.45% From 1.43% 0.85% From 0.83%
6 - <12 months 11.45% From 11.93% 2.00% From 2.00% 1.55% From 1.54%
12 - < 24 months 11.75% From 12.36% 2.45% From 2.47% 1.60% From 1.61%
24 months 12.00% From 12.66% 2.55% From 2.58% 1.75% From 1.76%


* Effective interest rate is calculated for 5,000 units. Effective interest rate changes according to the deposit volume, maturity date, and interest accrual method.
Interest rates for non-resident legal entities are 0,5% less.

Demand Deposit

PASHA Bank Demand Deposit can be used by large enterprises, as well as medium and small enterprises with an annual turnover exceeding one million GEL, or with the potential to achieve this figure in the near future.

Demand Deposit gives you free and unlimited access to your deposited funds. You can withdraw or add any amount to your deposit account anytime and still get a high interest. It is calculated based on a balance on the account at the end of each day and is accrued monthly.

To see terms of deposits for individuals, please visit website rebank.ge

General Terms:

Currency: GEL, USD, EUR
Minimum deposit balance for opening and interest accrual: 5,000 GEL/USD/EUR
Maximum deposit balance for opening and interest accrual: 2,500,000 GEL, 1,000,000 USD/EUR

 

Interest Rates:

GEL

USD

EUR

Nominal

Effective*

Nominal

Effective*

Nominal

Effective*

4%

% 4.07

0.60%

0.60% 

0.25%

0.25% 

* Effective interest rate is calculated according to the following example: At the end of each day, 10 000 GEL/USD/EUR remains on the deposit account.

Interest rates for non-resident legal entities are 0,5% less.

Certificate of Deposit

If you have a certain amount of money that you do not need for a particular period, we recommend you to buy a Certificate of Deposit (CD) and get a high-interest rate. Certificate of Deposit will be issued electronically. PASHA Bank Georgia offers standard and non-standard CDs. The terms and conditions for standard CD is based on NBG’s provision of standard certificates of deposit for commercial banks.

You can buy Coupon CD (interest-bearing) or Zero-coupon CD (discounted):

Coupon CD is sold at a face value and the interest is paid monthly, quarterly, semi-annual or annual.

The zero-coupon CD is sold at a discounted rate, which then pays out the face value at maturity. The difference between the face value and the purchase amount is the interest earned by the client.

To see terms of deposits for individuals, please visit website rebank.ge

General Terms:

Currency: GEL, USD, EUR
Minimum Amount for Issuance: 5,000 GEL/USD/EUR
Maximum Amount for Issuance: 2,500,000 GEL, 1,000,000 USD/EUR
Tenor: 3 months – 36 months

Zero-coupon CD (discounted) 

  GEL  GEL (Effective) USD USD (Effective) EUR EUR (Effective)
3 - <6 months 11.70% From 11.94% 1.55% From 1.52% 0.95% From 0.93%
6 - <12 months 12.00% From 11.98% 2.10% From 2.09% 1.65% From 1.64%
12 - <24 months 12.30% From 11.64% 2.65% From 2.61% 1.80% From 1.78%
24-36 months 12.55% From 11.83% 2.75% From 2.71% 1.95% From 1.93%
36  months 12.55% From 11.23% 2.75% From 2.68% 1.95% From 1.91%

 

Coupon CD (interest-bearing)

  GEL  GEL (Effective) USD USD (Effective) EUR EUR (Effective)
3 - <6 months 11.40% From 11.74% 1.45% From 1.43% 0.85% From 0.83%
6 - <12 months 11.70% From 12.20% 2.00% From 2.00% 1.55% From 1.54%
12 - <24 months 12.00% From 12.64% 2.55% From 2.57% 1.70% From 1.71%
24-36 months 12.25% From 12.94% 2.65% From 2.68% 1.85% From 1.86%
36 - months 12.25% From 12.94% 2.65% From 2.68% 1.85% From 1.86%

 

Interest rates for non-resident legal entities are 0,5% less.*

Other Terms:

The disposal fee will be 0.1% of the Face value of CD, minimum 20 GEL. 

Repurchase Fee payable to the bank will be current interest rate which is applicable at the Bank on remaining term (or the next closest term) of the CD + 3%.

These interest rates are standard offers for monthly withdrawal of interest. Rates for different cases will be considered as special offers. Special offers will be defined individually.

*Effective interest rates are calculated for 5 000 units.

Effective interest rates change according to the CD volume, maturity date and interest accrual method.