OREANDA-NEWS. February 01, 2011. Converse Bank CJSC signed a contract on non-cash payment (by bank account or card) of pensions with Social Maintenance State Service of the RA Ministry of Labor and Social Issues, reported the press-centre of Converse Bank.

A savings account will be opened for pensioners in Converse Bank, or they will receive "PENSION" ArCa payment card. So, payment of pensions will be made to the savings or card account of the pensioner. Opening and servicing of banking accounts, issuing and maintenance of cards for pensioners will be provided free of charge.

Converse Bank developed special service terms for pensioners, particularly, provision of cash from the account will be FREE OF CHARGE (in the Bank branches and from the Bank ATMs), 3% PER ANNUM will be accrued to the account balance. When making non-cash shopping in trade and service centers with "Pension" card the pensioner may use the DISCOUNT SYSTEM of up to 30%. 

Converse Bank also developed a time deposit "PENSION" for pensioners. Pensioners can invest their pensions as deposit at 12% per annum for one year.   

The pensioners can visit any branch of Converse Bank or Postbank branches to receive their pensions in non-cash form.