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The maximum interest rates for newly accepted bank deposits of individuals (as recommended by KDIF)


According to the Resolution of the Board of Directors of Kazakhstan Deposit Insurance Fund JSC (No 7 dated 30.12.2015), the maximum interest rates for newly accepted bank deposits of individuals (as recommended by KDIF) are set forth as follows:

The annual nominal interest rate in the tenge: 14% 
The annual nominal interest rate in foreign currency: 2%

The established interest rates are effective from 1 February, 2016, subject to review by the KDIF Board of Directors and (or) the Sole Shareholder in the event of rapid shifts in deposit market conditions.

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