Subsoil
  • For subsoil users and disposal site owners
  • Partial withdrawal
  • Replenishments are allowed
Subsoil
Details of the product

Client type

segment profilecriterion additional requirement  
Corporate clients and SMEs Legal entities and individuals conducting their business with no corporate status

 
1. Subsoil users
2. Disposal site owners 


General terms and conditions 

Product type conditional deposit to be used to finance operations related to abandonment of a subsoil asset / disposal site in compliance with the laws of the Republic of Kazakhstan
Term  until conditions set forth by the deposit agreement are met 
Currency KZT USD 
Interest rate,% p.a. 5%
 (effective – 5%)
1%
(effective - 1%) 
 

 

Special conditions 

Additional contributions allowed 
Partial withdrawal For subsoil users:
allowed according to the depositor's written application, the competent body's approval enclosed;
as to contracts signed with local executive agencies of oblasts, cities of national status, and capital city – with the permission of the above agencies

For disposal site owners:
allowed according to the depositor's written application, disposal site abandonment project documentation enclosed, provided that the latter has been approved by the State Environmental Expertise; and/or Disposal Site Abandonment Work Plan and/or related cost estimate  shall be attached thereto
Interests are payable On an annual basis to a current account with First Heartland Jýsan Bank JSC, less withholding tax at source (the "WT"), if this is required by the tax legislation of the RoK 
Additional conditions  If any money is withdrawn with the view of transmitting the deposit/a part thereof to another second-tier bank, the accrued and paid interests shall be readjusted at the Demand rate for the actual deposit period, with subsequent correction of the WT amount by the difference between the WT amount deducted earlier and the WT assessments to be made due to the adjustment of the interests on the Deposit 
Deposit repayment For subsoil users:
according to the depositor's written application and the competent body's approval submitted to the Bank; 
as to contracts signed with local executive agencies of oblasts, cities of national status, capital city – with the permission of the above agencies

For disposal site owners:
according to the depositor's written application, disposal site abandonment project documentation enclosed, provided that the latter has been approved by the State Environmental Expertise; and/or Disposal Site Abandonment Work Plan and/or related cost estimate  shall be attached thereto
 
*the Annual Effective Interest Rate may vary depending on actual provisions of the Agreement signed.
For individuals conducting their business with no corporate status, the Annual Effective Interest Rate shall not exceed 9.8% in tenge and 1% in a foreign currency.
Safety and security
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Consultation
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