Kapital Bank has started punishing staff for violation in process of lump-sum payment of ‘Soviet deposits’
Baku, Fineko/abc.az. Kapital Bank OJSC, as an authorized agent of the government, has transferred to the punitive measures against negligent staff within the process of lump-sum payment of "Soviet deposits" to the population, launched since 1 June 2012.
The process is going on in accord with Rules for lump sum payment to Azerbaijani Citizens (depositors of the USSR Savings Bank in Azerbaijan Republic and their successors), established by President Ilham Aliyev.
Kapital Bank informs that in accord with the Kapital Bank Board’s decision it was punished several employees for violation of corporate norms, job duties during the process of lump-sum payment. In connection with calls to the Bank’s hotline two employees were reprimanded and three were made a warning.
"The Board asks citizens to contact the Bank in connection with the negative facts in the process of lump-sum payment and will continue to punish its employees who made breaches," it was reported.
To date, volume of payments has already approached 100 million manats.
The process of the lump-sum payment is expected to cover 2.4 million people.
For convenience of citizens the Ministry of Finance opened the hotline operating from 9 am to 6 pm on phone number (012) 404-46-03. The appeals can also be sent to emanet_info@email@example.com 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 manta - 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;
more than 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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