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

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.