Depositor

Child deposit is opened on behalf of the child by his/her parent(s). Until child reaches adulthood the parents have right to use the deposit. After the child reaches full legal age, mentioned right shifts to the child;

Account Currency, Amount and Term

– GEL, USD, EUR;
– The initial requested minimum deposit amount: 20 Unit;
– Additional requested minimal installment per month: 20 Unit;
– Possibility to add extra funds periodicity is not limited; (Standard interest rate is accrued on deposit only in case if during the year the minimal installments were deposited every month,  otherwise interest rate on deposit for the specific period will be decreased by 0,5% ).
– Minimal term of deposit is 2 year; Maximal term - Until the child reaches legal adulthood;

Pay out of the interest

– Pay out of the interest is once a year, on each calendar day of the month when deposit was opened

Adding funds on deposit

– Adding funds on deposit are accepted by cash as well as by money transfer;

Interest-Rate

Contract Violation – In case of early withdrawal of deposit, already realized interest on account is not lost;
Bank is obliged to satisfy client by the requested amount within 5 working days from client’s violation of the agreement on receipt of the application.
 

Child Deposit Term Accomplishment:

Deposit is finished when the term indicated in agreement is due;
After the expiration of deposit term, account balance on child’s deposit will automatically move to a current account of the depositor.

Tariffs and Fees

Opening of an account of child deposit and its further service - Free;

For opening the Child Deposit, a copy of an ID Card of a parent and a Birth Certificate of the child is required: