Deposits

Information on Deposits

At the present time, KDB Bank Uzbekistan JSC does not attract funds of citizens in the form of deposits with the condition of accrual and payment of interest.

The funds held in the accounts of individuals constitute an object of guarantee in accordance with the Law of the Republic of Uzbekistan ‘On guarantees of protection of deposits in banks’ No. O‘RQ-1031 dated 18.02.2025 (hereinafter referred to as the Law). In the event of a guarantee case occurring, to total amount of compensation guaranteed by the specially authorized state body shall not exceed 200,000,000.00 (two hundred million) Uzbek soums, regardless of the amounts, quantity and currencies of the objects of guarantee. The funds placed in the accounts of individuals prior to the enactment of the Law shall be guaranteed in full, regardless of the amount and currency of the objects of guarantee.

For more detailed information on the Law, please refer to the following resources: the official website of the Central Bank of the Republic of Uzbekistan, the Central Bank’s social media pages, finlit.uz, and the official website of the Deposit Insurance Agency.

Individuals can place interest-free demand deposits with the Bank on the following terms:

• Currency: sum, US dollar, euro, British pound sterling;

• Duration: Unlimited

• Deposit amount: Unlimited (with the possibility of replenishment or withdrawal at any time).

• Replenishment of deposit: The customer has the right to replenish;

• Interests on deposits: Zero

• At any branch of the bank you can replenish a deposit account (including accounts opened in another branch), withdraw funds or carry out other operations.

Client receives instant notifications on local mobile phone about transactions executed on demand deposit account and information on the account balance upon client’s request as well as various short information communication messages from the Bank.