Azerbaijani citizens stand from 6 am in queue for ‘Soviet contributions’ pay
Baku, Fineko/abc.az. The first full working week of return of Soviet contributions to the population has kicked off since 1 June in accord with the Rules of Lump-Sum Payment to Azerbaijani Citizens (depositors of the USSR Savings Bank in Azerbaijan Republic and their successors), established by President Ilham Aliyev.
The beginning of this long process to last until 31 December and cover 2.4 million people is turned out traditional for Azerbaijan. On Saturday (2 June) some individuals tried unsuccessfully to get their deposits at the central office of Kapital Bank. Today, on 4 June, the Azerbaijani most mobile citizens of retirement age have rushed to stand in queue for Soviet contributions since 6 am and already by 7 am crowds gathered near Bank’s branches.
Precisely the current week will show causes of such a "pandemonium" - whether it is the properties of the notorious "mentality" or these are problems in the organization of the process.
The hotline opened by the Ministry of Finance operates from 9 am to 6 pm on phone number (012) 404-46-03. The appeals can also be sent to emanet_info@firstname.lastname@example.org e-mail.
It has been allocated 300 million for payment on Soviet contributions and full expenditures for these ends are estimated at about AZN 1 billion.
The payment process should be made from June 2012 to 31 December 2013 by OJSC Kapital Bank, which is legal successor of Saving Bank of Azerbaijan.
The Special Commission deals with all payment issues.
The rules of payment assume that the payments are allowed given deposit recalculation into national currency after 15 August 1992 (1 Azerbaijani manat- 10 Soviet roubles) and denomination of national currency from 1 January 2006 (1 new Azerbaijani manat (AZN) -5.000 manats), and deposit book of the Saving Bank is a confirming document. Lawful heirs of the deceased will get compensations on their deposits for this period.
Payments will be carried out on the following scheme:
Deposits for the sum of up to 2,000 roubles (AZN 0.04) are returned at the rate of AZN 75;
2,000-5,000 roubles - (AZN 0.04- AZN 0.1) - AZN 300 +AZN 50 for each excess qapik (AZN 0.01) over AZN 0.04 sum;
over 10,000 roubles- (AZN 0.2) - AZN 1,000+AZN 25 for each excess AZN 0.01 over AZN 0.2 sum.
Payments are carried out on the basis of depositors or their heirs appeal to the authorized bank which should be confirmed by deposit book, identification card of Azerbaijani citizen or notarially certified copy of death certificate, notarially certified copy of will or other document for succession right. The appeals are considered by the Special Commission. Payments are paid in cash or other form of bank payment. After the payment is completed the deposit account is closed. No appeals on payments are received after 31 December 2013.
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