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The Deposit Guarantee Fund in banks of Uzbekistan ensures the stability of the banking system and guarantees the return of citizens’ deposits.
Additional conditions:
In case of early withdrawal of funds after the conclusion of the agreement, interest on the deposit is paid as follows:
In case of early withdrawal of funds after the conclusion of the agreement, interest on the deposit is paid as follows:
The minimum Deposit amount is 100,000 sum
Additional refill provided.
The maximum amount is not limited.
Deposit replenishment condition: within the first 12 months from the date the deposit is opened.
Deposit interest income is paid depending on the type and terms of the deposit. Deposit interest can be received in advance if the terms and conditions of the agreement provide for such possibility, otherwise interest will be paid in accordance with the procedure set forth in the agreement.
Source: Finlit.uz
Withdrawing funds from the deposit ahead of schedule will not always save the interest accrued on it, due to the fact that not all types of deposits provide for such conditions. Deposits that provide this opportunity usually have a low interest rate. Moreover, in case of early withdrawal of funds from this type of deposit, the accrued interest on it for an incomplete month burns out, unless otherwise specified in the agreement.
Source: Finlit.uz
Deposits made online can be replenished at any time using the bank's mobile app. If the deposit is opened directly in the bank, and under the terms of such a deposit the possibility of its replenishment is provided, then you can replenish your deposit. Some banks give such an opportunity only for the first 3-6 months.
Source: Finlit.uz
Capitalization of interest is the addition of interest accrued during the period to the principal amount of the deposit and the subsequent accrual of income on the amount of the deposit and the amount of interest added to it. In other words, accrual of interest on interest.
Source: Finlit.uz
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