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.

General Terms

You can open the Term Deposit in our Branch.

Min amount for opening: 1000 GEL/USD/EUR

Max amount of opening: 2,500,000 GEL / 1,000,000 USD/EUR

Rates for pre-mature cancellation: GEL - 2.00%; USD - 1.00%; EUR 0.30;

 

Interest Rates - Withdrawal at the End of Maturity

  GEL  GEL (Effective) USD USD (Effective) EUR EUR (Effective)
3  - < 6 months 10.70% From 11.04% 1.85% From 1.86% 0.80% From 0.80%
6 - < 9 months 11.15% From 11.36% 2.00% From 2.01% 0.95% From 0.95%
9 - < 12 months 11.35% From 11.40% 2.45% From 2.45% 1.10% From 1.10%
12 - < 15 months 11.60% From 11.50% 2.65% From 2.64% 1.60% From 1.60%
15 - < 18 months 11.80% From 11.53% 2.75% From 2.73% 1.80% From 1.79%
18 - < 21 months 12.05% From 11.61% 2.80% From 2.77% 1.90% From 1.89%
21 - <24 months 12.25% From 11.63% 2.90% From 2.86% 1.95% From 1.93%
24 months 12.35% From 11.67% 2.95% From 2.91% 2.00% From 1.98%

 

Interest Rates - Monthly Withdrawal

  GEL  GEL (Effective) USD USD (Effective) EUR EUR (Effective)
3  - < 6 months 10.60% From 11.13% 1.75% From 1.76% 0.70% From 0.70%
6 - < 9 months 10.90% From 11.46% 1.80% From 1.81% 0.70% From 0.70%
9 - < 12 months 10.95% From 11.52% 2.40% From 2.43% 0.90% From 0.90%
12 - < 15 months 11.00% From 11.57% 2.60% From 2.63% 1.40% From 1.41%
15 - < 18 months 11.05% From 11.63% 2.70% From 2.73% 1.70% From 1.71%
18 - < 21 months 11.10% From 11.68% 2.75% From 2.78% 1.80% From 1.81%
21 - <24 months 11.15% From 11.74% 2.85% From 2.89% 1.85% From 1.87%
24 months 11.20% From 11.79% 2.90% From 2.94% 1.90% From 1.92%

 

Interest Rates - Withdrawal in advance

  GEL  GEL (Effective) USD USD (Effective) EUR EUR (Effective)
3  - < 6 months 10.15% From 10.83% 1.25% From 1.26% 0.55% From 0.55%
6 - < 9 months 10.15% From 10.98% 1.30% From 1.31% 0.55% From 0.55%
9 - < 12 months 10.10% From 11.07% 1.90% From 1.93% 0.85% From 0.86%
12 - < 15 months 10.00% From 11.11% 2.10% From 2.15% 1.25%  From 1.27%
15 - < 18 months 10.00% From 11.27% 2.20% From 2.26% 1.30% From 1.32%
18 - < 21 months 9.95% From 11.38% 2.25% From 2.32% 1.40% From 1.42%
21 - <24 months 9.85% From 11.42% 2.30% From 2.38% 1.45% From 1.48%
24 months 9.80% From 11.52% 2.25% From 2.33% 1.50% From 1.53%

 

* Effective interest rate is calculated for 1000 units. Effective interest rate changes according to the deposit volume, maturity date, and interest accrual method.

From January 1st, 2018, the Bank is a member of a deposit insurance system established in Georgia in accordance with the Law of Georgia on Deposit Insurance System, whereas in case of insurance event, each individual depositor is entitled to receive a compensation from the Deposit Insurance Agency, within the limit of 15,000 GEL. The amount above the limit shall be compensated as provided under the effective legislation of Georgia.

For more information on deposit insurance system, visit web site at: www.diagency.ge

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: 10 GEL / 10 USD / 10 EUR

Max amount for opening: 2,500,000 GEL / 1,000,000 USD/EUR

 

Interest Rates

GEL

USD

EUR

Nominal

Effective*

Nominal

Effective*

Nominal

Effective*

6.75%

From 6.44%

1.25%

From 0.75%

0.25%

From -0.26%

* Effective interest rate is calculated based on the following example: the customer deposits 1000 units when the deposit is opened. S/he adds 1000 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.

From January 1st, 2018, the Bank is a member of a deposit insurance system established in Georgia in accordance with the Law of Georgia on Deposit Insurance System, whereas in case of insurance event, each individual depositor is entitled to receive a compensation from the Deposit Insurance Agency, within the limit of 15,000 GEL. The amount above the limit shall be compensated as provided under the effective legislation of Georgia.

For more information on deposit insurance system, visit web site at: www.diagency.ge

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 are 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.

General Terms:

Currency: GEL, USD, EUR
Minimum Amount for Issuance: 5000 GEL/USD/EUR
Maximum Amount for Issuance: 2,500,000 GEL, 1,000,000 USD/EUR
Tenor: 3 months – 24 months

Coupon CD (interest-bearing)

 

  GEL  GEL (Effective) USD USD (Effective) EUR EUR (Effective)
3  - < 6 months 11.10% From 11.68% 1.90% From 1.92% 0.85% From 0.85%
6 - < 9 months 11.40% From 12.01% 1.95% From 1.97% 0.85% From 0.85%
9 - < 12 months 11.45% From 12.07% 2.55% From 2.58% 1.05% From 1.06%
12 - < 15 months 11.50% From 12.13% 2.75% From 2.78% 1.55% From 1.56%
15 - < 18 months 11.55% From 12.18% 2.85% From 2.89% 1.85% From 1.87%
18 - < 21 months 11.60% From 12.24% 2.90% From 2.94% 1.95% From 1.97%
21 - < 24 months 11.65% From 12.29% 3.00% From 3.04% 2.00% From 2.02%
24 - months 11.70% From 12.35% 3.05% From 3.09% 2.05% From 2.07%

 

Zero-coupon CD (discounted)
 

  GEL  GEL (Effective) USD USD (Effective) EUR EUR (Effective)
3  - < 6 months 11.20%  From 11.57% 2.00% From 2.01% 0.95% From 0.95%
6 - < 9 months 11.65% From 11.87% 2.15% From 2.16% 1.10% From 1.10%
9 - < 12 months 11.85% From 11.91% 2.60% From 2.60% 1.25% From 1.25%
12 - < 15 months 12.10% From 11.99% 2.80% From 2.79% 1.75% From 1.75%
15 - < 18 months 12.30% From 12.01% 2.90% From 2.88% 1.95% From 1.94%
18 - < 21 months 12.55% From 12.07% 2.95% From 2.92% 2.05% From 2.04%
21 - < 24 months 12.75% From 12.08% 3.05% From 3.01% 2.10% From 2.08%
24 - months 12.85% From 12.12% 3.10% From 3.05% 2.15% From 2.13%

 

Other Terms:

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

Repurchase Fee payable to the bank will be the current interest rate which is applicable at the Bank on the 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 1000 units.

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

From January 1st, 2018, the Bank is a member of a deposit insurance system established in Georgia in accordance with the Law of Georgia on Deposit Insurance System, whereas in case of insurance event, each individual depositor is entitled to receive a compensation from the Deposit Insurance Agency, within the limit of 15,000 GEL. The amount above the limit shall be compensated as provided under the effective legislation of Georgia.

For more information on deposit insurance system, visit web site at: www.diagency.ge