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Deposits

Bank Melli Iran” is one of the first banks opened in the republic and it offers a wide range of services to customers in the banking market of Azerbaijan for 23 years. Our bank is insured against all financial risks as a Branch Office of the State Bank of the Islamic Republic of Iran. 

Funds can be deposited in 6 and 12-month periods provided that minimum amount is not less than

5.000 AZN. 

Term

Monthly interest payment

Interest paid at maturity
6 months 5 % 6 %
12 months 8 % 10 %

 

 In case of withdrawal before maturity date:

Term

Monthly interest payment

Interest paid at maturity
up to 6 months 0 % 0 %
6 - 12 months 4.5 % 4.5 %

 

Interests can be taken monthly or at maturity.

  • If “Depositor” requires the return of deposit during the first sixth (6) months, no interest  is paid by the Bank to “Depositor”.
  • Partial withdrawals of funds are not allowed.
  • Putting additional funds to the account is not allowed. If customer wants to put additional funds or withdraw a part of the fund, the former contract should be terminated and replaced with new one.