The deposit amount is insured by the Deposit Guarantee Fund.
The maximum guarantee coverage for deposits in Armenian drams is AMD 16 million and AMD 7 million for deposits in foreign currency.
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 amounts only. The maximum insurance coverage is AMD 16 million.
If the amount of AMD deposit is under AMD 7 million, the insurance will cover your AMD deposit in full; if the deposit is in foreign currency, it is covered to the extent of the difference between AMD 7 million and the full amount of the insured AMD deposit. The maximum insurance coverage is AMD 7 million.