The deposit amount is insured by the Deposit Guarantee Fund.
Maximum guarantee coverage for deposits in Armenian drams is AMD 16 million, for deposits in foreign currency – AMD 7 million.
For deposits both in AMD and foreign currency where the AMD-denominated deposit exceeds AMD 7 million, the guarantee coverage is up to AMD 16 million for AMD-denominated amount only. Max insurance coverage is AMD 16 million.
If the amount of AMD deposit is below AMD 7 million, the insurance covers your AMD deposit in full, while the deposit in foreign currency is covered to the extent of the difference between AMD 7 million and full amount of insured AMD deposit. Max insurance coverage is AMD 7 million.