Karafarin Bank’s Commission Rate Announced

Commission rate for investment deposits for the 2017-18 period were set at 2%.

Commission rate for investment deposits for the 2017-18 period were set at 2%. Public Relations Department of Karafarin Bank has reported that in implementing the Usury-Free Banking Act and in accordance with CBI circular, commission rate of this bank has been set at 2% of depositors’ monies. This commission is to fund joint expenses.
It is noteworthy that interest rates on investment deposits shall be set by the CBI.

Mar 14, 2017