All 22 banks operating in the Republic of Armenia are included in the deposit guarantee scheme. Guarantee extends to both local and foreign currency deposits (accounts) of physical persons, including sole proprietors. The maximum level of guarantee for deposits in domestic currency is 2 mln drams, for foreign currency is 1 mln drams.

No additional activity is required from the depositor to guarantee his/her deposit, it is guaranteed from the moment it is invested with the bank.