According to the certificate no.1 dated 30 July, 2007 deposits placed at Xalq Bank are insured by Azerbaijan Deposit Insurance Fund.
What is insurance of deposits?
Compensation is paid to the depositor in case of insurance issue.
What is the sum of the compensation?
According to the “Deposit insurance law” compensation is paid for the full amount of the deposit not exceeding
30 000 AZN.
What is the currency of compensation?
Deposits in national currency - in AZN
Multicurrency deposits – total sum in AZN
USD and EUR deposits – same currency
Deposits in other currencies – are paid with in USD or EUR according official Central Bank cross currency rate.
What is the maximum interest rate for insured deposits?
Maximum interest rate of insured deposits is 12%.
Further information is available at www.adif.az.