•    
        •  
          Time Deposits
          Short-Term Deposit Account
          Currently, the short-term deposit accounts of IRAN-ZAMIN bank include:
          • Ordinary Short-Term Deposit Account
          • With on-account interest rate of 7% with a minimum balance of 100 thousand I.R. Rials.
          • Special Short-Term Deposit Account
          • With on-account interest rate of 18% with a minimum balance of 10 Million I.R. Rials
          • Special Short-Term Deposit Account
          • With on-account interest rate of 19% with a minimum balance of 5 billion I.R. Rials.
          • Special Short-Term Deposit Account
          • With on-account interest rate of 20% with a minimum balance of 10 billion I.R. Rials
          • Special 3-Months Short-Term Deposit Account
          • With on-account interest rate of 15%
          • Special 6-Months Short-Term Deposit Account
          • With on-account interest rate of 16%
          • Special 9-Months Short-Term Deposit Account
          • With on-account interest rate of 16.5%
          • Special Short-Term Deposit Account
          • With on-account interest rate of 14% with a minimum balance of 50 million I.R. Rials (16% for special customers, Doctors, family members of Devotees and Martyrs)
          Special Short-Term Deposit Account
          Opening Special Short-Term Deposit Account will be accomplished by maintaining the balance for a definite period of time at a definite interest rate and its on-account interest will be calculated on daily basis and deposited in the account every month.
          Long-Term Deposit Account
          The long-term deposit accounts include:
          • 1 year with on-account interest rate of 17%
          • 2 year with on-account interest rate of 20%
          • 3 year with on-account interest rate of 20%
          • 4 year with on-account interest rate of 20%
          • 5 year with on-account interest rate of 20%
          • 420-day deposit account with on-account interest rate of 20% with a minimum balance of 100 million I.R. Rials
          • The minimum amount for opening the account should be observed regarding the short- & long-term deposit accounts with special conditions.
          • The interest of ordinary Short-Term Deposit Account will be paid every month after the balance was maintained for at least one month and such interest rate will not belong to the accounts that their one-month maturity has not reached
          • The partially paid interest for short-term deposit accounts with higher interest rates are calculated on daily basis and deposited in the account every month.
          Lost, Stolen or Annihilated Certificates of term Deposit Investment
          In case the certificates of long term deposit investment are lost, annihilated or stolen, the owner may refer to the branch of bank and fill in a declaration. Accordingly, the bank will issue a certificate of investment with the original account number and the former personal details, bearing Duplicate Copy seal and submit it to the owner.
          One, Two, Three, Four and Five Year Long-Term Deposit Account
          Long-term deposit account, is a deposit through which the clients deposit their money at the bank for a definite period of time (one, two, three, four, five or special) and the on-account interest of these deposits will be calculated on daily basis and deposited in the short-term opened account of the clients every month.
          Conditions of opening Short-Term Deposit Account
          • Short-Term Deposit Account will be opened for the real and legal entities upon submission of the required documents with the minimum deposit amount of a 100 thousand I.R. Rials.
          • Any real entity that has reached the maturity age of 18, or their maturity has been verified by a competent court of law can open a short-term deposit account in their name.
          • Opening a short-term deposit account with right of withdrawal in name of a minor by the mother is allowed provided that the mother is the legal guardian of the minor. /li>
          • Opening a short-term deposit account by entities (excluding the parents, and guardians) in their own names and their mothers’ in a way that the father cannot withdraw from the account is allowed by power of attorney, or guardianship in terms of a contract.
          Conditions of opening Long-Term Deposit Account
          • Any real entities that has reached maturity age of 18, or legal entities can open a long-term deposit account for a long term of 1 up to 5 years in their name upon submission of the required documents and deposit of a minimum amount of 500 thousand I.R. Rials.
          • In case the holder decides to withdraw a portion or the whole of the deposit prior to the termination of the term, the interest for the deposit period minus 0.5% of the interest rate corresponding to the date of opening the account will be paid to the client.
          • The rest of conditions are similar to those of Short-Term Deposit Account.
          Conditions of Opening Joint Short- & Long-term Deposit Account
          A joint Short- & Long-term Deposit Account is an account that can be opened by real or legal entities jointly. In Joint Accounts the following regulations should be observed:
          • The manner of withdrawal, either individually or jointly, should be defined or announced
          • The manner and arrangement of using the account and its interest (for long term deposit accounts) should be defined.
          • The share of each account owner should be defined.
          Opening an Account by a Parent, Guardian or an Successor
          • A guardian can open a deposit account in name of a minor, and may withdraw with written permission from the Judiciary Department of Guardianship Affairs.
          • For opening an account by a guardian, successor or an attorney, the attorney can open an account in name of their clients with an official power of attorney. An administrator can open an account for an inheriting minor on the basis of the will and the verdict of Court of Law.