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Home / Codes / Article 761. The procedure for payment of remuneration under a bank deposit agreement of the Civil Code of the Republic of Kazakhstan

Article 761. The procedure for payment of remuneration under a bank deposit agreement of the Civil Code of the Republic of Kazakhstan

АMANAT партиясы және Заң және Құқық адвокаттық кеңсесінің серіктестігі аясында елге тегін заң көмегі көрсетілді

Article 761. The procedure for payment of remuneration under a bank deposit agreement of the Civil Code of the Republic of Kazakhstan

     1. Remuneration under the bank deposit agreement is paid by the bank in the manner and amount established by the bank deposit agreement.

     2. Unless otherwise provided by the bank deposit agreement, remuneration for bank deposits specified in paragraph 3 of this Article shall be paid to the depositor upon his request at the end of each quarter separately from the amount of the deposit, and the amount of remuneration unclaimed during this period increases the amount of the deposit for which remuneration is paid.

     Upon return of the deposit, the depositor is paid all the remuneration due to him at that moment.

     3. For demand deposits, the depositor has the right to receive the deposit remuneration due to him separately from the deposit amount.

     For term deposits, the depositor has the right to receive the remuneration due to him on the deposit separately from the amount of the deposit before the expiration of its term. Unless otherwise provided by the bank deposit agreement, the amount of remuneration for term deposits is recalculated in relation to the amount that is applied by the bank for demand deposits. Upon the expiration of the deposit period, the depositor has the right to receive the remuneration due to him in full, regardless of whether he claims the contribution or not (paragraph 3 of Article 759 of this Code)..

     For conditional deposits, the depositor receives the remuneration due to him separately from the amount of the deposit in accordance with the procedure established by the bank deposit agreement.

     4. Remuneration is paid within the time limits and in the form stipulated for the return of the deposit (Article 765 of this Code).

     5. Upon full repayment of the deposit, the depositor is paid all the remuneration due to him at that time.

 

 

 

 

President    

Republic of Kazakhstan     

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