Yerevan/Mediamax/. “Converse Bank” concluded an agreement with the Ministry of Labor and Social Affairs of Armenia on cashless payment of pensions.

As Mediamax was told in the bank’s press service, the bank will open savings accounts or provide ArCa “Pension” payment cards. The opening and maintenance of bank accounts, as well as the issuing and maintenance of pensioners’ cards will be free of charge.

The bank has worked out special conditions to serve the pensioners: cash assets from the account will be provided free of charge (via bank branches or ATMs), and 3% will be accumulated on the account balance every year.

The owners of “Pension” cards will be offered discounts while shopping as well as in points of service.

Besides, “Converse Bank” worked out a special type of “Pension” fixed deposit.

To receive the non-cash pension, the pensioners may turn to all branches of the bank, including “Hay Post” branches.