A Kaspi Pay Deposit for sole proprietors (IE, ИП) and LLPs (ТОО) is opened right in the Kaspi Pay app, under «Мой Банк». Tenge deposits pay 14% nominal, or 15% effective, per year. The term is one month, then it renews on its own, and you can take the money out as soon as tomorrow without losing what has accrued. For a Kaspi seller it's a handy place for money waiting for a stock purchase or a tax payment. But money that could be turning over in fast-selling stock usually has no business sitting on a deposit.
In short
- Tenge deposits pay 14% a year, which works out to 15% with daily capitalization. Close it after a week, and that week's interest is still yours.
- 500,000 ₸ over a 31-day month earns about 5,980 ₸. The monthly yield is roughly 1.2% of the amount.
- A sole proprietor pays no tax on the interest but must file a report by March 31. An LLP loses 20% of the interest to corporate income tax (CIT, КПН).
- A deposit pays off for money that sits from a few days to a couple of months. If a supplier offers a prepayment discount above 1.2% a month, prepaying is better.
Kaspi Pay Deposit terms
Rate, term and withdrawal
The tenge Kaspi Pay Deposit carries a 14% nominal annual rate, 15% effective (q3505, updated Apr 10, 2025). It opens for 1 month and then renews itself for the same term. You can take the money out at any time without losing interest and with no fee, by transferring it to your Kaspi Pay Account (q3508, updated Feb 24, 2025).
For a seller, the key point is that the money isn't locked up. Kaspi gives its own example in the Guide: you opened it for a month, withdrew after 20 days, and got everything accrued for those 20 days (q3526, updated Aug 12, 2024). The supplier called early, and you lose nothing.
How interest is calculated
Interest is calculated on the daily balance and accrued every day at the 14% nominal rate (q3520, updated Apr 21, 2025). Capitalization is daily: what accrues in a day is added to the balance, and the next day interest is earned on that (q3524, updated Sep 18, 2024). That's where the gap between 14% and 15% comes from: (1 + 0.14 ÷ 365)^365 − 1 ≈ 15.02%.
You can top it up at any time, and interest on the new amount starts from the next day (q4153, updated Sep 19, 2025). A detailed monthly interest breakdown is shown in the Kaspi Pay app, in the «Мой Банк» service.
Who can open one
A deposit can be opened by the company head or an employee with the «Управляющий» (Manager) or «Бухгалтер» (Accountant) role, and there's no limit on the number of deposits (q3515, updated Aug 12, 2024). In «Мой Банк», tap «Открыть Депозит» and follow the steps. Sometimes Kaspi asks you to come to a branch to sign documents. After opening online, the deposit has to be funded within three days, with a minimum top-up of 1,000 ₸ (q3518, updated Aug 17, 2026).
You may be refused if your ID is invalid, if you're an inactive taxpayer or your accounts are restricted, and also if you head a property owners' association (ОСИ) (q3519, updated Feb 25, 2026).
What a deposit earns: the numbers in tenge
Formula
Interest = amount × ((1 + 0.14 ÷ 365)^days − 1)
For short terms you can use a simpler version: amount × 0.14 × days ÷ 365. Over a one-month horizon the difference from the exact formula is under 1%.
Table
Calculated with daily capitalization at 14%, taxes not included.
| Amount | Term | Interest |
|---|---|---|
| 500,000 ₸ | 31 days | 5,980 ₸ |
| 1,000,000 ₸ | 10 days | 3,842 ₸ |
| 3,000,000 ₸ | 20 days | 23,098 ₸ |
| 3,000,000 ₸ | 30 days | 34,713 ₸ |
| 5,000,000 ₸ | 31 days | 59,795 ₸ |
The first row matches Kaspi's example: 500,000 ₸ over a month gives 5,979.54 ₸. Over 30 days, 3 million earns 34,713 ₸, or about 1.16% of the amount. It's a handy number to keep in mind as the "price" of a month in which the money isn't working in stock.
Deposit, stock purchase or prepayment: which pays more
Money set aside for stock
Hypothetical example, not a client case. A seller buys 3 million ₸ of stock every month. Kaspi revenue lands in the Kaspi Pay Account in parts, and the amount builds up over about 20 days before purchase day. If you move everything that comes in straight to the deposit and withdraw it on purchase day, that's roughly 17–23 thousand ₸ a month. The lower bound is if the amount builds up evenly (100,000 ₸ a day over 30 days gives 17,836 ₸); the upper bound is if the full 3 million sits for 20 days.
Transfers between the Kaspi Pay Account and the deposit go through Переводы → Между своими счетами, around the clock with no fee (q3536, updated Aug 15, 2024). So moving money back and forth costs nothing but two minutes.
A prepayment discount
Now a different scenario. A supplier offers a 2% discount if you pay for goods up front rather than a month after delivery.
| Option | Calculation | Result for the month |
|---|---|---|
| Keep 3 million ₸ on deposit for 30 days | 3,000,000 × ((1 + 0.14/365)^30 − 1) | 34,713 ₸ |
| Pay the supplier up front with a 2% discount | 3,000,000 × 0.02 | 60,000 ₸ |
Prepayment wins by almost twice as much. The rule follows from the table: if the prepayment discount is more than about 1.2% for each month of deferral, the money is better off with the supplier. If it's less, keep it on deposit and pay on time.
Money in stock
The worst case for a deposit is fast-selling stock. If an item with a 15% margin turns over in a month, a million in it brings in about 150,000 ₸ of gross profit, versus about 11,500 ₸ on deposit. It's a rough comparison: turnover can be slower, and stock can sit. But the point is clear: a deposit is a parking spot for money you don't need right now, not a substitute for buying stock. How to work out what you actually keep from a sale is covered in the article how not to sell at a loss on Kaspi.
If you have a loan
Keeping money on deposit at 14% while paying interest on a loan almost never makes sense if the loan rate is higher. There's a technical detail too: if a loan payment is overdue, Kaspi Pay can debit money from the deposit down to the minimum balance under clause 10 of Article 61 of the Law of Kazakhstan «О банках и банковской деятельности» (On Banks and Banking) (q3532, updated Oct 19, 2026). Loans for sellers are covered in detail in the article Kaspi business loan for sellers.
Tax on interest: sole proprietors and LLPs
What a sole proprietor files and pays
The tax report on deposits is filed every year by March 31 of the following year (q3528, updated Oct 7, 2026). A sole proprietor on the simplified regime can do it in the Kaspi Pay app: Налоги → Все → Сдача налоговых отчетов → Налоговый отчет по депозитам. Sole proprietors on the general regime and peasant farms (КХ) file form 220 in the taxpayer's online account. Sole proprietors and peasant farms don't have to pay tax on the interest.
What an LLP pays
For LLPs and other legal entities, 15% CIT is withheld automatically as soon as interest is credited. On top of that, you have to pay 5% of the total interest for the year by April 10 of the following year; in Kaspi Pay this is done under Налоги → Налоговые платежи, budget classification code (КБК) 101111. The report is form 100.
In total an LLP gives up 20% of the interest, so the net rate is 14% × (1 − 0.20) = 11.2% nominal. On 3 million ₸ over 30 days, an LLP keeps about 27,771 ₸ instead of 34,713 ₸. When comparing against a supplier discount, the LLP threshold is lower: about 0.9% a month. A general overview of seller taxes is in the article sole proprietor taxes on Kaspi in 2026.
Risks: insurance, account freezes and cash
Insurance
Let's start with the good news: sole proprietors' deposits in Kaspi Pay are insured by the state, and Kaspi is a member of the Kazakhstan Deposit Insurance Fund (КФГД) system (q3537, updated Aug 12, 2024). If the bank is liquidated, compensation is up to 10 million ₸ for tenge deposits and up to 5 million ₸ for foreign-currency deposits, and for several deposits in different currencies at Kaspi.kz and Kaspi Pay, no more than 15 million ₸ in total (q3539, updated Oct 19, 2026). Payouts start no earlier than 35 working days after the court's liquidation ruling (q3543, updated Oct 19, 2026). The Guide talks about insuring sole proprietors' deposits; an LLP should check the КФГД terms for legal entities separately.
The takeaway is simple. Anything above 10 million ₸ isn't covered, so it's not a good idea to put the business's entire cushion in one bank.
Account freezes
If a restriction for a specific amount is placed on the deposit, you can only withdraw what's above it: 500,000 ₸ on deposit, a 300,000 ₸ restriction, so you withdraw 200,000 ₸. If a restriction is placed without a stated amount, withdrawals are blocked (q3547, updated Aug 12, 2024).
Cash and closing
Cash is withdrawn in two steps: a transfer from the deposit to the Kaspi Pay Account, then a Kaspi ATM. The limit is 1 million ₸ per withdrawal and 4 million ₸ per day, and withdrawing more than 1 million ₸ a month carries a 0.95% fee on the excess (q3531, updated Jan 6, 2025). You can close the deposit via «Мой Банк» → «Депозит» → the «Действия» tab → «Закрыть Депозит»; the service runs daily from 6:00 to 23:00 (q3507, updated Feb 24, 2025). The money and interest land in the Kaspi Pay Account straight away.
How to fit a deposit into your store's cash plan
Three "pockets"
The simplest approach is to split the store's money into three parts. The first is operating cash: what goes on wages, delivery and ads in the coming week. Keep it in the Kaspi Pay Account. The second is a reserve for stock and taxes: the amount is known, the date is known, and it's anywhere from a week to a couple of months away. That's the candidate for a deposit. The third is a cushion for a sales dip or the season, covered below.
A cushion for the season
Before November and December, many sellers buy more stock than usual. If the money for that purchase builds up from September, two or three months on deposit add a noticeable bonus: at 14% that's roughly 1.2% a month, or about 24,000 ₸ on 2 million ₸ for each 31-day month. Small change next to turnover, but without a deposit that money just sits in the account. Planning stock for peaks is covered in the article on seasonality of sales on Kaspi.
Common mistakes with a Kaspi Pay deposit
- Money for fast-selling stock sits on deposit. About 1.2% a month against the margin from turnover. An empty shelf in peak season costs more than any interest.
- Turning down a supplier discount for the interest. A 2% prepayment discount on 3 million ₸ is 60,000 ₸; the deposit gives 34,713 ₸ for the same month.
- A deposit while an expensive loan is open. Loan interest eats the income, and if a payment is overdue, the bank can debit the deposit.
- Forgetting the March 31 report. A sole proprietor doesn't pay tax on the interest, but the report is mandatory, and missing it means trouble with the tax office.
- The LLP didn't pay the extra 5%. The 15% CIT is withheld automatically, but 5% of the annual interest has to be paid by April 10 on your own.
- Opened it but didn't fund it. After opening online you have three days to top it up. Check that the amount is at least 1,000 ₸ too.
- Everything above 10 million ₸ in one place. Insurance compensation is capped; the amount above the threshold isn't insured.
Checklist: Kaspi Pay deposit for sellers
- You've worked out the amount you definitely won't need in the coming days: the reserve for stock, taxes and the season.
- You've compared it with supplier offers: the prepayment discount is under 1.2% a month (under 0.9% for an LLP).
- There's no higher-rate loan that would be better to pay off.
- The deposit is opened by the head, a «Управляющий» or a «Бухгалтер».
- It was funded within three days of opening.
- March 31 is in the calendar for the deposit report, plus April 10 for the LLP's extra 5%.
- The amount on one deposit takes the insurance compensation cap into account.
- You know how to get the money out: a transfer to the Kaspi Pay Account, closing between 6:00 and 23:00.
How to automate the profit you can later put on deposit
A deposit holds money the store has already earned, and earnings in the Kaspi.kz Store depend heavily on the price in the product card. The SaleScout Kaspi bot checks prices every 20 seconds, keeps you at the top of the card and never goes below the minimum price you set. When a competitor raises their price or leaves the card, the bot raises your price to just below the next seller, so you don't give up margin for nothing. You can try the bot free for 7 days, no card required.
Frequently asked questions about the Kaspi Pay business deposit
What is the Kaspi Pay Deposit rate?
In tenge, 14% nominal per year. The effective rate comes to 15%, because interest is added to the balance every day and starts earning interest itself.
Can I withdraw money from a Kaspi Pay deposit early?
Yes, and there's no penalty. You get paid for as many days as the money sat there, whether 20 or 3. There's no fee for transferring it back to the Kaspi Pay Account either.
How much will 500,000 ₸ earn in a month?
Per Kaspi Pay's example, 5,979.54 ₸ for a 31-day month. That's about 1.2% of the amount.
Does a sole proprietor pay tax on deposit interest?
No, sole proprietors and peasant farms don't pay the tax. You still have to file the report by March 31 of the following year: a sole proprietor on the simplified regime can do it right in the Kaspi Pay app.
How much tax does an LLP pay on deposit interest?
A fifth of the interest. The bank withholds 15% CIT itself when the interest is credited, and the LLP's accountant pays the remaining 5% of the annual interest by April 10.
Is a Kaspi Pay deposit insured?
According to the Kaspi Guide, sole proprietors' deposits are insured by the state: compensation up to 10 million ₸ for tenge deposits. Any amount above that threshold isn't insured.
Why might I be refused a deposit?
Most often it's an expired ID, and then there's only one route: a public service center (ЦОН). Sometimes the business is listed as an inactive taxpayer or its accounts are already restricted. And separately: the head of a property owners' association (ОСИ) can't open a Kaspi Pay deposit at all.
How many deposits can I open?
As many as you need; Kaspi sets no limit. It's handy, for example, to keep one deposit for taxes and another for stock so you don't mix them up. They're opened by the head or an employee with the «Управляющий» or «Бухгалтер» role.
Sources
All links checked Oct 23, 2026. The sources are in Russian; original titles are given with English translations.
- Kaspi Guide for partners. «Какая процентная ставка по Депозиту Kaspi Pay?» (What is the Kaspi Pay Deposit interest rate?) — https://guide.kaspi.kz/partner/ru/deposit/conditions/q3505 (updated Apr 10, 2025); «На какой срок можно открыть Депозит Kaspi Pay?» (For what term can a Kaspi Pay Deposit be opened?) — https://guide.kaspi.kz/partner/ru/deposit/conditions/q3508 (updated Feb 24, 2025); early termination — https://guide.kaspi.kz/partner/ru/deposit/conditions/q3526 (updated Aug 12, 2024); closing — https://guide.kaspi.kz/partner/ru/deposit/conditions/q3507 (updated Feb 24, 2025)
- Kaspi Guide. «Как рассчитывается вознаграждение по Депозиту Kaspi Pay?» (How is Kaspi Pay Deposit interest calculated?) — https://guide.kaspi.kz/partner/ru/deposit/reward/q3520 (updated Apr 21, 2025); capitalization — https://guide.kaspi.kz/partner/ru/deposit/reward/q3524 (updated Sep 18, 2024); top-ups — https://guide.kaspi.kz/partner/ru/deposit/recharge/q4153 (updated Sep 19, 2025)
- Kaspi Guide. Opening and refusal — https://guide.kaspi.kz/partner/ru/deposit/opening/q3515 (updated Aug 12, 2024), https://guide.kaspi.kz/partner/ru/deposit/opening/q3518 (updated Aug 17, 2026), https://guide.kaspi.kz/partner/ru/deposit/opening/q3519 (updated Feb 25, 2026)
- Kaspi Guide. «Мне нужно сдавать налоговый отчет и платить налог за вознаграждение по Депозиту Kaspi Pay?» (Do I need to file a tax report and pay tax on Kaspi Pay Deposit interest?) — https://guide.kaspi.kz/partner/ru/deposit/reward/q3528 (updated Oct 7, 2026)
- Kaspi Guide. Transfers — https://guide.kaspi.kz/partner/ru/deposit/transfers/q3536 (updated Aug 15, 2024); cash — https://guide.kaspi.kz/partner/ru/deposit/cash/q3531 (updated Jan 6, 2025); debiting on overdue loans — https://guide.kaspi.kz/partner/ru/deposit/cash/q3532 (updated Oct 19, 2026)
- Kaspi Guide. КФГД deposit insurance — https://guide.kaspi.kz/partner/ru/deposit/kdif/q3537 (updated Aug 12, 2024), https://guide.kaspi.kz/partner/ru/deposit/kdif/q3539 (updated Oct 19, 2026), https://guide.kaspi.kz/partner/ru/deposit/kdif/q3543 (updated Oct 19, 2026); account freezes — https://guide.kaspi.kz/partner/ru/deposit/arrest/q3547 (updated Aug 12, 2024)
Bota, analyst
SaleScout is our company's product. Kaspi and Kaspi.kz are trademarks of Kaspi.kz JSC; SaleScout is not affiliated with Kaspi.
