Prohibition of blocking part of the facilities granted by banks
Central Bank: Blocking some of the facilities granted to customers in the form of various types of deposits by banks and non-bank credit institutions is prohibited.
According to the International Stone Exhibition of Iran, the Central Bank announced in a circular addressed to the banking network that blocking part of the facilities granted to customers in the form of various deposits is prohibited: If the banks intend to equal part of the amount of facilities granted to If they accept the cash guarantee in the form of a deposit, the interest on the deposit must be paid to that deposit.
According to reports, some non-bank banks and credit institutions, based on an agreement between the credit institution and the borrower and before granting the facility, have secured a portion of the amount of the loan facility in cash and in the form of current and current loan deposits or post-loan deposits.
It should be noted that although this procedure is subject to the condition that it be done before granting the facility and with the agreement and consent of the borrower, it is not prohibited, but in order to prevent violations of the maximum interest rate of bank facilities approved by the Monetary and Credit Council. Agreement between the credit institution and the borrower and before granting the facility, part of the documents will be verified in cash and in the form of blocking the deposit. Profits corresponding to the time period of the deposit, which is currently the basis of the operation in the country's banking network, should be done.
* IRNA
