The Armenian government has proposed expanding the number of citizens eligible to receive compensation for deposits made in the former Soviet Savings Bank, starting January 1, 2027.
Under the proposed amendments, individuals born on or before December 31, 1946, would become eligible for compensation, allowing people born in 1945 and 1946 to benefit from the program.
The changes are included in a draft amendment to Government Decision No. 460-N of April 23, 2014, published for public consultation, according to Iravaban.net.
Who Would Qualify for Compensation?
The program covers deposits made before June 10, 1993, in the Armenian republican branch of the former USSR Savings Bank.
Under the proposal, eligible groups would include:
Citizens born on or before December 31, 1946.
Participants in military operations related to Armenia’s defense.
Certain residents registered in border communities as of August 1, 2014, whose agricultural land became unusable due to shelling.
Other social groups designated by the government.
Compensation is provided to eligible depositors through the established procedure involving VTB-Armenia Bank.
What Would Change in 2027?
Under the rules applicable in 2026, the age-based eligibility threshold covers citizens born on or before December 31, 1944.
The proposed amendment would extend this threshold by two years.
The draft also updates procedures for government agencies to submit information about eligible military veterans and subsequent changes to their records.
According to the proposal, the relevant expenses are already included in the draft 2027 state budget, meaning the amendments would not require additional budget allocations.
The changes have not yet been adopted. If approved, the revised eligibility rules would take effect on January 1, 2027.
