Within the framework of agreements concluded with the Social Security Service of the Ministry of Labor and Social Affairs of the Republic of Armenia “ARMBUSINESSBANK” CJSC opens and maintains banking accounts for lump-sum payments (benefits and sums provided under other social security programs).

Beneficiary clients can receive the following one-time payments (amounts specified under para. 3 of RA Government decision No. 287-N dated March 12, 2020) at any branch of “ARMBUSINESSBANK” CJSC:

• The amount of emergency assistance established by the Republic of Armenia law “On State Benefits”.
• The amount of one-time childbirth allowance established by the Republic of Armenia law “On State Benefits” (except for one-time childbirth allowance credited to the state support account).
• The amount of maternity benefit for an unemployed person, established by the Republic of Armenia law “On State Benefits”.
• The unpaid amount of benefit due in case of termination of the right to receive child care allowance for a child under 2 years old in accordance with the Republic of Armenia law “On State Benefits”.
• The outstanding amount of benefit due for old-age or invalidity benefit or survivor benefit in case of termination of the right to receive funeral benefit, old-age benefit or invalidity benefit or survivor benefit stipulated by the Republic of Armenia law “On State Benefits”, except when the unpaid amount of benefit is paid after becoming eligible again for the benefit or pension.
• The outstanding amount of pension due in case of termination of the right to receive the funeral benefit established by the Republic of Armenia law “On State Pensions”, except when the unpaid amount of pension is paid after acquiring the right to old-age or invalidity or survivor benefit or pension.  
• The outstanding amount of pension due in case of termination of the right to receive the funeral benefit, burial benefit, one-time financial assistance, pension established by the Republic of Armenia law “On Ensuring, Maintaining the Activity and Social Guarantees of Officials”, except when the unpaid amount of pension is paid after acquiring the right to a pension.
• The outstanding amount of the premium due in case of termination of the right to receive the premium in accordance with the Republic of Armenia law “On Military Service and Status of Military Staff”, except when the unpaid amount of the premium is paid after obtaining the right to a pension.  
• The outstanding amount of honorary funds due in case of termination of the right to honorary funds specified by the Republic of Armenia law "On Veterans of the Great Patriotic War", except for the case when the unpaid amount of the honorary funds is paid after obtaining the right to receive a pension. 
• The outstanding amount of compensation for damage caused as a result of injury, occupational disease or other damage to health associated with the performance of official duties of employees, if it is paid after the termination of the right to it.
• The payment of compensation for cash deposits made before June 10, 1993 by citizens who are depositors in "VTB-Armenia" CJSC as a republican bank of the Armenian Soviet Socialist Republic under the former USSR Savings Bank.

Information bulletin on a bank account to maintain lump sum cash payments

List of documents to open an account for individuals-residents and non-residents of Armenia

Tariffs 

ARCHIVE

Information bulletin on a bank account to maintain lump sum cash payments 26-10-2020