Regulatory Alerts2016-03-14 | 338-В-сонAdded · Updated
On Approval of the Regulation on the Procedure for Transferring Part of the Monetary Allowance of Conscripted Military Personnel of the Ministry of Defense of the Republic of Uzbekistan to Savings Accounts Opened in the Joint-Stock Commercial Halk Bank of the Republic of Uzbekistan
The joint resolution of the Ministry of Defense and the Central Bank of Uzbekistan approves a regulation establishing the procedure for transferring a portion of conscripted military personnel's monetary allowances to savings accounts at the Joint-Stock Commercial Halk Bank. The regulation mandates that accounts be opened prior to deployment, specifies that funds are transferred via payment orders from military units, and prohibits transfers to accounts outside this bank or to other individuals' cards. It further outlines responsibilities for account maintenance, interest calculation, reconciliation, and audit by the Ministry of Defense.
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