Issuance of special deposit certificate of Melli Bank of Iran

According to the financial news from the public relations of the National Bank of Iran, in line with the instructions of the central bank, this bank has issued this certificate of deposit to provide working capital for projects with high returns, and at the end of the participation period, the fixed profit will be paid in addition to the accrual profit. 30% is paid to the buyers of this certificate of deposit in the branches of this bank.

It should be mentioned that all natural and legal persons except investment funds will be allowed to buy this certificate of deposit; The payment of accrued interest on these bonds is monthly and tax-free, and the redemption before its receipt in bank branches will be calculated at an annual interest rate of 12% from the date of sale.

The certificate of deposit is electronic and the deposit slip will not be delivered to the customer, so it is necessary to keep the receipt of the certificate of deposit.

It should be noted that the possibility of using this certificate as collateral to obtain bank facilities for its holders and also public participation in financing the production projects of the country is one of the special features of this series of certificates of deposit (special) of National Bank of Iran.

The purpose of publishing these bonds was to popularize the economy, reduce liquidity in the market and finance large and profitable projects.

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