The Participation Account with Interim Profit Share Payments is an account opened with a year term that allows profit shares to be paid preferably monthly, quarterly or biannually. Therefore, you can both save with a higher profit share rate and take the advantage of lower Income Tax.
Note: In case that any transaction is performed other than these rules or if the account is closed before its maturity date, 50% of the profit shared from the date of opening / renewal of the account is taken back as required by legal obligation.
Up to 200.000 TL of the total of personal accounts is secured by the Savings Deposit Insurance Fund (SDIF).