This deposit is designed for extractive enterprises that are users of subsoil and therefore, in accordance with the requirements of current legislation, they are obliged to establish a fund for the liquidation of consequences of their mining activities (liquidation fund of subsoil user), as well as for landfill owners.
Expenditure transactions related to this type of deposit are performed on the basis of a written permission of the authorized body, in this case - the Ministry of Natural Resources and its territorial bodies.
Currency:KZT, USD and EUR
Terms (months): no reference to the term
Interest rates: in tenge - 0.0% per annum, in USD - 0.0% per annum
Additional replenishments and withdrawals are possible
*interest rates on the “Liquidation fund of subsoil users” deposit, in % per annum, in tenge, are approved by the Decision of KUAP №115 as of 24.02.2011. Came into force on 01.03.2011. Interest rate in foreign currency, in % per annum, is approved by the Decision of KUAP of 04.06.2014. Came into force on 05.06.2014. The deposit name was changed from “Liquidation fund of subsoil user” to “Liquidation fund” by the Decision of the RD of 09.09.2016.
Interest rates on the Conditional deposits in % per annum, in tenge and foreign currency are approved by the Decision of KUAP №484 as of 14.12.2017. Came into force on 25.12.2017.