•   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.

If you have a certain amount of money that you do not need for a particular period we recommend you to 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. If you decide to cancel your deposit earlier than its maturity date, decreased interest rates will apply.

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

 

Interest Rates - Withdrawal at the End of Maturity:

 

GEL

USD

EUR

 

Nominal

Effective*

Nominal

Effective*

Nominal

Effective*

1 month

6.00%

6.17%

1.25%

1.26%

0.50%

0.50%

3 months

8.00%

8.24%

1.50%

1.51%

0.50%

0.50%

6 months

8.50%

8.68%

2.15%

2.16%

1.00%

1.00%

9 months

9.00%

9.10%

2.75%

2.76%

1.25%

1.25%

12 months

9.25%

9.25%

3.00%

3.00%

1.50%

1.50%

18 months

9.50%

9.28%

3.50%

3.47%

2.00%

1.99%

24 months

9.50%

9.08%

3.50%

3.44%

2.00%

1.98%

Premature Cancellation

3.00%

 

0.50%

 

0.15%

 

 

Interest Rates - Monthly Withdrawal:

 

GEL

USD

EUR

 

Nominal

Effective*

Nominal

Effective*

Nominal

Effective*

1 month

5.50%

5.64%

1.00%

1.00%

0.25%

0.25%

3 months

7.50%

7.76%

1.40%

1.41%

0.25%

0.25%

6 months

8.00%

8.30%

2.05%

2.07%

0.75%

0.75%

9 months

8.50%

8.84%

2.65%

2.68%

1.00%

1.01%

12 months

8.75%

9.11%

2.90%

2.94%

1.25%

1.26%

18 months

9.00%

9.37%

3.40%

3.45%

1.75%

1.76%

24 months

9.00%

9.38%

3.40%

3.45%

1.75%

1.76%

Premature Cancellation

3.00%

 

0.5%

 

0.15%

 

*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 individuals and legal entities are 0,5% less.

Please be informed, that as of 1 January 2018, in accordance with the Law of Georgia on Deposit Insurance System, all sums existed at all accounts of natural persons, regardless number of accounts, are insured for each bank and are compensated by the Deposit Insurance Agency up to the  5,000 GEL; the remainder shall be compensated as provided under the effective legislation of Georgia.  

For more information on deposit insurance system, see the web site of LEPL Deposit Insurance Agency: www.diagency.ge

Demand Deposit

PASHA Bank Demand 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.

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.
 

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%

0.75%

0.75%

0.25%

0.25%

* Effective interest rate is calculated based on following example: the customer deposits 5,000 units when the deposit is opened. S/he adds 1,000 units to the account on the first day of each month. Effective interest rate changes according to the amount and maturity date of the deposit.

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

Starting from January 1, 2018 the Bank joined Deposit Insurance System which has been formed in accordance to the Law of Georgia “On Deposit Insurance System”. Any Individual will be reimbursed with up to 5,000 GEL by Deposit Insurance Agency regardless the amount on their deposit/current account at any commercial bank. The remaining amount will be reimbursed in accordance with acting legislation.

For additional information please visit website of LEPL Deposit Insurance Agency: www.diagency.ge

For Individuals

Term Deposit

If you have a certain amount of money that you do not need for a particular period, we recommend you to 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. If you decide to cancel your deposit earlier than its maturity date, decreased interest rates will apply.

 

General Terms

You can open Term Deposit in our Branch.

Min amount for opening: 500 GEL / 500 USD/ 500 EUR

 

Interest Rates - Withdrawal at the End of Maturity

 

GEL

USD

EUR

 

Nominal

Effective*

Nominal

Effective*

Nominal

Effective*

3 months

8.50%

8.77%

2.50%

2.52%

0.50%

0.50%

6 months

9.50%

9.73%

3.00%

3.02%

0.75%

0.75%

9 months

10.00%

10.12%

3.50%

3.52%

1.00%

1.00%

12 months

10.50%

10.50%

4.00%

4.00%

1.25%

1.25%

15 months

10.75%

10.59%

4.25%

4.22%

2.00%

1.99%

18 months

10.85%

10.56%

4.40%

4.35%

2.65%

2.63%

21 months

11.00%

10.58%

4.50%

4.42%

2.75%

2.72%

24 months

11.00%

10.45%

4.50%

4.40%

2.75%

2.71%

Premature Cancellation

4.00%

 

1.00%

 

0.25%

 

* Effective interest rate is calculated for 500 units. Effective interest rate changes according to the deposit volume, maturity date, and interest accrual method.

 

Interest Rates - Monthly Withdrawal

 

GEL

USD

EUR

 

Nominal

Effective*

Nominal

Effective*

Nominal

Effective*

3 months

8.00%

8.31%

2.00%

2.02%

0.20%

0.19%

6 months

9.00%

9.38%

2.50%

2.53%

0.25%

0.25%

9 months

9.50%

9.91%

3.00%

3.03%

0.50%

0.50%

12 months

10.00%

10.48%

3.50%

3.56%

0.75%

0.76%

15 months

10.25%

10.72%

3.75%

3.80%

1.50%

1.52%

18 months

10.35%

10.85%

3.90%

3.97%

2.15%

2.16%

21 months

10.50%

11.02%

4.25%

4.33%

2.25%

2.27%

24 months

10.50%

11.02%

4.25%

4.33%

2.25%

2.27%

Premature Cancellation

4.00%

 

1.00%

 

< 9 months - 0.00%

≥ 9 months - 0.25%

 

 

Interest Rates - Withdrawal at the Beginning of Term

 

GEL

USD

EUR

 

Nominal

Effective*

Nominal

Effective*

Nominal

Effective*

3 months

7.50%

7.86%

1.50%

1.51%

0.10%

0.10%

6 months

8.50%

9.07%

2.30%

2.34%

0.15%

0.15%

9 months

9.00%

9.77%

2.80%

2.87%

0.40%

0.40%

12 months

9.50%

10.50%

3.30%

3.41%

0.65%

0.65%

15 months

9.75%

10.94%

3.55%

3.69%

1.40%

1.42%

18 months

9.85%

11.23%

3.70%

3.87%

2.05%

2.10%

21 months

10.00%

11.61%

3.80%

4.01%

2.15%

2.21%

24 months

10.00%

11.80%

3.80%

4.03%

2.15%

2.22%

Premature Cancellation

4.00%

 

1.00%

 

< 9 months - 0.00%

≥ 9 months - 0.25%

 

* Effective interest rate is calculated for 500 units. Effective interest rate changes according to the deposit volume, maturity date, and interest accrual method.
Interest rates for non-resident individuals and legal entities are 0,5% less.

Demand Deposit

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.

 

General Terms

You can open Demand Deposit in our Branch.

Min amount for opening: 500 GEL / 500 USD / 500 EUR

 

Interest Rates

GEL

USD

EUR

Nominal

Effective*

Nominal

Effective*

Nominal

Effective*

6.50%

6.70%

2.00%

2.02%

1.00%

1.00%

* Effective interest rate is calculated based on the following example: the customer deposits 500 units when the deposit is opened. S/he adds 100 units to the account on the first day of each month. Effective interest rate changes according to the amount and maturity date of the deposit.
Interest rates for non-resident individuals and legal entities are 0,5% less.

Accumulative Deposit

Accumulative Term Deposit is recommended if you wish to save a certain amount of money within a definite time period. It requires a minimum initial deposit, after which you are free to add any amount anytime.

The Deposit guarantees you a high-interest rate that is paid out at the end of its term. Interest is calculated based on available balance and actual period. For the last two months till the maturity date, interest rates of Demand Deposit will be accrued on your Accumulative Term Deposit.

Please note that you cannot withdraw the amount from your deposit till the maturity date. In case of premature termination of the deposit, decreased interest rates will be applied.

 

General Terms

You can open Accumulative Term Deposit in our Branch.

Min amount for opening: 500 GEL / USD/ EUR

 

Interest Rates

 

GEL

USD

EUR

 

Nominal

Effective*

Nominal

Effective*

Nominal

Effective*

3 months

8.50%

8.46%

2.50%

2.44%

0.50%

0.58%

6 months

9.50%

9.25%

3.00%

2.81%

0.75%

0.69%

9 months

10.00%

9.65%

3.50%

3.16%

1.00%

0.85%

12 months

10.50%

9.98%

4.00%

3.50%

1.25%

1.01%

15 months

10.75%

10.13%

4.25%

3.72%

2.00%

1.37%

18 months

10.85%

10.24%

4.40%

3.90%

2.65%

1.75%

24 months

11.00%

10.31%

4.50%

4.09%

2.75%

2.11%

36 months

11.25%

10.22%

4.75%

4.26%

2.80%

2.42%

48 months

11.50%

10.05%

4.80%

4.35%

2.90%

2.55%

60 months

11.50%

9.86%

4.80%

4.36%

2.90%

2.61%

Premature Cancellation

4.00%

 

1.00%

 

0.25%

 

* Effective interest rate is calculated based on the following example: the customer deposits 500 units when the deposit is opened. S/he adds 100 units to the account on the first day of each month. Effective interest rate changes according to the amount and maturity date of the deposit.
Interest rates for non-resident individuals and legal entities are 0,5% less.