Information on State Support Account

State support account newsletter

Basic rules of opening and maintaining a State support account

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

A State support account is a special account that is opened at the Bank on which the the funds of lump-sum grant for family capital shall be remitted to be allocated for the 3rd and each subsequent child born on January 1, 2014 and after that date. A State support account is opened in the name of the child (account holder), based on the application of the lawful representative (parent, trustee, adoptive parent), who is registered at the address of his residence with the child in the Republic of Armenia. Disposal of funds available on State support account is limited by the legislation of the Republic of Armenia.

List of documents to open a bank or unallocated metal account for RA resident individuals who are RA citizens:

• Application-agreement to open an account
• Identity document
• Public service number (social card) or certificate of absence thereof (not required if an ID card is presented)
• “Know Your Customer” questionnaire for residents (KYC)