Term Deposit Accounts

We have a selection of savings accounts to look through:

• Short-Term Deposit Account

 

Short Term Deposit Account

By opening Short Term Deposit Accounts, customers can save and withdraw their funds and receive interest on daily basis.

 

Special 9 Months Short Term Deposit Account

 

The deposited fund will maintain with the bank for 9 months. The related interest rate is more that interest related to short term deposit account and by instruction of the customer can be paid every month, 3 months and/or at the due date together with the principal. On due date, the deposit can be extended for another 9 months based on the customer's instruction and with new conditions.

 

 

Special 6 Months Short Term Deposit Account

 

The deposited fund will maintain with the bank for 6 months. Based on customer's instruction the related interest can be paid every month, 3 months and/or at the due date together with the principal. On due date, the deposit can be extended for another 9 months based on the customer's instruction and with new conditions.

• Special 3 Months Short-Term Deposit Account
• Special 6 Months Short-Term Deposit Account

 

Special 3 and 6 Months Term Deposits with Floating Interest Rates (STDFIR)

 

Accounts related to 3 and 6 months term deposits with floating interest rates are opened with a certain 3 or 6 months period, interest of which is paid on monthly basis. In case of non withdrawal and extension of another term on due date, the interest rate applied to the account will be considered as the next longer term deposit and the difference in the interests applied for the period of opening date to the previous deposit due date will be paid at the due date of the new deposit.

 

(Maximum period for maintaining 3 and/or 6 months STDFIR is 1 year, and if the customer on due date does not withdraw the balance of the account, the deposit will be changed to 1 year long-term deposit account with the related interest applied thereto. )

 

 

Conditions applied for returning the balance of the STDFIR accounts:

 

In case the customer intend to close his/her account (whether 3 or 6 months) one month after the opening date, or less than one month after the extending date, no interest, other than the interest applied for the deposit period, will be considered and paid. In other words, in case the customer intends to close her/his account until 29^th day of deposit, no interest will be considered and paid for the said period.

 

In case of withdrawal before the 3 months deposit due date and/or after 1 month from the opening date, the interest applied to the account will be the same as daily based interest applied to short term deposit accounts and a 0.5% penalty fine will be applied.

 

In case of withdrawal before the 6 months deposit due date and/or after 3 month from the opening date, the interest applied to the account will be the same as daily based interest applied to 3 months short term deposit accounts and in case of withdrawal before 3 months and after 1 month the interest applied will be the same as the interest applied to short term deposit accounts and a 0.5% penalty fine will be applied.

 

• Long-Term Deposit Accounts ( 1 to 5 years)

Long Term Deposit Account

 

By opening Long Term Deposit Accounts, customers can maintain their fund with the bank for a determined period (1, 2, 3, 4, and 5 years) and will receive the related daily allocated interest every months, or every 3, 6, 12 months, and or at the due date together with the principal amount.

• Special Long-Term Deposit Accounts ( 1 to 5 years)

 

Special Private Term Deposit Investment (SPTDI)

 

This type of investment is designed by the bank for providing financial resources and allocation of facilities to specific new and/or developing, profitable construction, manufacturing, and services plans.

Upon opening of a SPTDI account a certificate will be issued with a specific due date.

1.  
2. To receive required facilities for their specific plans, legal entities can request opening of a SPTDI.
3. The related certificate can be issued with/without any name of the holder and all main terms and conditions are mentioned therein.
4. All SPTDI certificates are transferable to third parties in local stock exchange, banks and financial institution, where depositors can assign all rights of the account without having to cancel the related agreements and/or bearing any loss.
5. Until these certificates are not subscribed in the stock exchange, the bank (whether or not being the issuer) can accept any orders from real/legal applicants regarding purchase of these certificates.
6. The applicant must present to the bank a technical, economic, financial feasibility study related to the subject of the investment deposit, which will be considered and studied by the bank prior to any approval.
7. Rate of the related partial interest to SPTDI should be proposed by the applicant based on the profitability of the plan, for bank's consideration and approval.
8. Bank Pasargad shall pay the partial interests at the specific and determined dates. Payment of the partial and definite interest rates together with the principal will be on due date.

 

Special Public Term Deposit Investment (SPTDI)

 

This type of investment is especially designed for public investment. A certificate will be issued against opening of a Term deposit account with a specific due date.

 

1. Certificate of public term deposit can be issued with/without the name of the holder and its main terms and conditions are mentioned therein.
2. It can be transferred to a third party. Depositor can, sell and assign all rights of the deposit without having to cancel the agreement or bearing any loss, at any local bank, financial institution, stock exchange, in which case the relationship between the bank and the new owner remains the same.
3. Until these certificates are not subscribed in the stock exchange, the bank (whether or not being the issuer) can accept any orders from real/legal applicants regarding purchase of these certificates.
4. Period and the related interest applied to these certificates will be determined propitious to other interest rates.
5. The issuing bank can purchase these certificates, before its due date, only when re-purchasing take place in the secondary market.

• Farda Provisions Account
• Navid e 5 Account