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Premature Termination of the Bank Deposit Agreement

Premature Termination of the Bank Deposit Agreement
In case of premature termination of a bank deposit agreement on the initiative of a depositor, interest on deposits shall be accrued and paid depending on the actual time of funds kept in the fixed-term deposit account based on the following conditions:
If the bank produced monthly payment of interest to a depositor, the excessively paid amount of interest shall be subject to deduction. Deduction of excessively paid amount of interest is made from the accrued amount of interest and principal amount of fixed-term deposit.

Download the conditions of premature termination of bank deposit agreement

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05/19/2019 Buy Sell
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