As part of the Decree of the President of the Republic of Kazakhstan and the Deposit Compensation Programme for individuals in national currency (KZT), SB Sberbank JSC announces the start of acceptance of applications for compensation as from September 09, 2015. In this regard, the Bank's clients need to contact any SB Sberbank JSC subdivision and to sign an application provided by the Bank's manager.
The compensation programme involves:
- deposits in national currency (not closed by the end of day on August 18, 2015);
- deposits with balance not exceeding KZT 1 (one) mln, including deposit accounts opened in the name of minors (individuals under 18).
The procedure and conditions of payment of compensation shall be in accordance with the Rules of Payment of Exchange Rate Differences on Deposits of Individuals Opened in National Currency (KZT) due to Transition to a Floating Exchange Rate Regime, as approved by the National Bank of the Republic of Kazakhstan.
Payment of compensation to depositors will not start until October 10, 2016.