Gold Deposit Account (Gold Current Account)

Altın Depo Hesabı

What is a Gold Deposit Account?

Gold current account is a type of demand account which allows you to make good use of your savings in gold and by which you can purchase and sell gold in grams at any time.

  • Thanks to Ziraat Katılım gold deposit account, you can perform your gold purchase and sales transactions without paying any income tax or any expenses.
  • For the said accounts, the gold traded is of 1000/1000 purity. The announced prices refer to 1000/1000 purity gold prices.
  • You can use this account for savings and custody.
  • You can purchase and sell gold at any time.
  • You can eliminate the risk of your gold being stolen and lost by opening a gold current account.

Store

Store your gold under the guarantee of Ziraat Katılım.

Keeping At Home

Do not keep your gold at home, let's convert it into grams worth its value.

Open an Account

All you have to do is to open a gold deposit account.

Channels Through Which A Gold Deposit Account Can Be Opened

Participation Fund Insurance

The portion of unit account value of participation accounts as well as the special current accounts in Turkish Lira, foreign exchange and precious metals, which are opened on behalf of real persons in the domestic branches of a deposit bank operating in Turkey and are not subject to commercial transactions except for exclusively drawing checks, up to 650 thousand Turkish Liras for each real person are under the guarantee of Savings Deposit Insurance Fund; however, even if it remains within the limit of 650 thousand TL above, the portion of the profit shares accrued to participation accounts as of the date on which the operating license of the participation bank whose account holders are to be paid by the fund is revoked, exceeding the amounts to be calculated over the average of the profit shares applied by the three participation banks with the highest sum of participation fund is not included in the scope of insurance.

The following deposits are not subject to insurance:

*Participation funds and other accounts belonging to bank's controlling shareholders and their parents, spouses and children under their custody.

*Participation funds and other accounts belonging to Bank's Chairman and members of the Board of Directors, General Manager and his/her assistants, and their parents, spouses and children under their custody.

*Deposits opened in overseas branches of banks in Turkey and participation funds and other accounts included in the scope of the property value arising from crime under Article 282 of the Turkish Criminal Law No. 5237.

*Participation funds at financial institutions established in Turkey exclusively for off-shore banking activities.

*Payments within insurance coverage are made in Turkish Lira.

*While determining the amount to be paid within insurance coverage, participation account unit account values are taken into account based on special current account balances.

*Turkish Lira equivalents of foreign exchange accounts are determined on the basis of the buying rate of exchange of Central Bank on the date when bank's operating license was revoked.

*On the other hand, Turkish Lira equivalents of accounts in gold are determined on the basis of Istanbul Gold Exchange session closing price and the buying rate of exchange of Central Bank on the date when bank's operating license was revoked.

Access Your Accounts At Any Time
Access Your Accounts At Any Time
You are safe with Ziraat Katılım.

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