For individuals Deposits Deposits in UZS Mortgage deposit

Mortgage Savings Deposit

Mortgage deposit

Mortgage deposit

A mortgage savings deposit with a 13% annual return is a reliable way to save for a down payment or the purchase of a home
Annual rate
13%
Term
12 months
Payment of interest
at the end of the term
Open deposit

Deposit details

Your deposit income

Annual rate
13%
Term in months
12 months
Sum at the end of the term
0 UZS
Deposit income
+0 UZS

The calculation is preliminary and is not a public offer.

Open deposit

How to open a deposit

1
Visit bank brach with your subsidy approval notice
Obtain your subsidy approval notice for the down payment and visit any convenient Ipak Yuli Bank branch to open a mortgage savings deposit
2
Fund your deposit
Deposit your own funds in an amount not less than the required portion of the down payment. The Bank will then submit a request for the subsidy transfer
3
Save for your home
Once the subsidy is credited, your deposit will start earning interest, and the accumulated funds can be used to purchase a home through the mortgage program

It's important to know

Non-residents can now open deposits in the UZS in Ipak Yuli Mobile

 

The service is available to customers who have opened an account and completed identification at any Ipak Yuli Bank branch.
 

 

The account opening and identification process takes between 5 and 15 minutes. Customers are required to provide a passport, PINFL, and temporary registration.
 

 

After opening an account, customers can access the bank’s deposit products, open UZS deposits through Ipak Yuli Mobile, and open foreign currency deposits at the bank’s branches.

 

Learn more

 

Return on deposits guaranteed

 

Deposit Guarantee Agency in Banks of the Republic of Uzbekistan ensures the stability of the banking system, and also serves as a guarantee for the return of up to 200 million soums in deposits of the population.

Taxation of interest on deposits for non-residents of Uzbekistan

 

Income from deposits in banks for non-residents of Uzbekistan is taxed at 10% (Articles 366, 382 of the Tax Code of the Republic of Uzbekistan). The bank withholds tax when paying interest.

Frequently asked questions

It is a deposit designed to help you save for a mortgage down payment. You add your own funds, earn 13% per annum, and use your savings together with the accrued interest to purchase an apartment on the primary housing market.

The deposit is available to customers who have received a positive notification confirming their eligibility for a mortgage subsidy.

Visit any Ipak Yuli Bank branch or Banking Services Centre (BSC). The deposit is opened in Uzbek soums. A full list of branches and BSCs, including addresses and phone numbers, is available on the bank's website. 

The minimum amount is UZS 1 million. There is no maximum deposit amount.

Yes. You can top up the deposit and gradually save your share of the mortgage down payment.

First, you need to receive a positive notification confirming the mortgage subsidy. Once you have saved the required share of the down payment, the bank will submit a request to transfer the subsidy. Learn more here. 

Yes. The interest rate is 13% per annum. Interest starts accruing on the day after the funds are credited to the deposit.

Yes. Interest is also accrued on the subsidy funds. However, your own funds and the subsidy funds are accounted for separately.

Your savings and the accrued interest can only be used to purchase an apartment on the primary housing market under the mortgage programme.

Your savings and the interest accrued on them will be returned to you. The subsidy funds and the interest accrued on them will be returned to the state budget.