tose’e ta’avon bank
2021-05-18 11:18:05
Tuesday, 27 April 2021 11:18 145
Category: news
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Issuance of Long-term Certificate of Deposit for investment in Tose'e Ta'avon Bank

Issuance of Long- term Certificate of Deposit for investment in Tose'e Ta'avon Bank

The sale of Long- term Certificate of Deposit (general) in the Tose'e Ta'avon Bank has started on Aprill 21, and will take place in all branches of the Tose'e Ta'avon Bank untill September 22 this year at the latest.

Based on the license of the Central Bank of the Islamic Republic of Iran, The sale of Long- term Certificate of Deposit (general) has been started by the Tose'e Ta'avon Bank. These bonds will be non-transferable and with an interest rate of 18% per annum from the date of issue.
It must be mentioned that interest will be paid on account of the mentioned bonds on a monthly basis and redemption before its maturity will be done at a rate of 10% per annum Also the term of these bonds is one year and non-renewable, and the deposit of the principal amount of the deposit is in the account of the destination of interest at maturity.