Information on changes to Rules of service to private individuals

07 September 2023

Dear customers, we hereby inform you that from October 9, 2023 the new version of the Rules of Comprehensive Banking Services to Private Individuals comes into effect.

The key changes concern specifics of interest accrual on deposit and current accounts.

Version of the Rules prior to 09.10.2023	Version of the Rules from 09.10.2023
5.3.1. The Bank shall accrue the Interest on the balance of funds in the Customer current account on a monthly basis on the last Business day of each calendar month and on the day of the account closure, if the payment of such interest is stipulated by the Tariffs and/or separate Banking Service Applications, including those concluded in electronic form. Interest is accrued in the currency of the account on the actual daily credit balance of funds available in the account as of the end of the Bank’s Operational Day and on the actual calendar number of days during which the cash funds are available in the account. Herewith, if the last calendar day of the corresponding month falls on a (weekend/holiday/non-working day) and is not a Business Day, then interest is accrued based on the calculation of the actual credit balance of funds recorded in the Customer's account at the end of the corresponding last Business Day of the calendar month.	5.3.1. The Bank shall accrue the Interest on the balance of funds in the Customer current account on a monthly basis on the last calendar day of each calendar month and on the day of the account closure, if the payment of such interest is stipulated by the Tariffs and/or separate Banking Service Applications, including those concluded in electronic form. Interest is accrued in the currency of the account on the actual daily credit balance of funds available in the account as of the end of the each calendar day
5.3.4. The Bank shall accrue interest on deposit on a monthly basis on the last Business day of each calendar month and on the day of complete deposit redemption. Interest is accrued in the deposit currency on the actual calendar number of days during which the cash funds are available in the account from the day when funds are entered to the deposit account (excluding the day of the account opening) till the day preceding redemption of cash funds to the Depositor or debit from the deposit account of the Depositor due to other reasons. Herewith, if the last calendar day of the corresponding month falls on a (weekend/holiday/non-working day) and is not a Business Day, then interest is accrued based on the calculation of the actual credit balance of funds recorded in the Customer's account at the end of the corresponding last Business Day of the calendar month.	5.3.4. The Bank shall accrue interest on deposit on a monthly basis on the last calendar day of each calendar month and on the day of complete deposit redemption. Interest is accrued in the deposit currency in the currency of the deposit on the actual daily credit balance of funds in the account at the end of each calendar day and on the actual calendar number of days during which the cash funds are available in the account from the day when funds are entered to the deposit account (excluding the day of the account opening) till the day preceding redemption of cash funds to the Depositor or debit from the deposit account of the Depositor due to other reasons.