CUSTOMER LIABILITIES

12 Months Ended

Mar. 31, 2023

Contract with Customer, Liability [Abstract]

The Company recognizes customer liabilities associated with funds held by our brokerage and bank customers. Customer liabilities consist of:


	March 31, 2023			March 31, 2022
				(Recasted)
	Amount		Interest rate	Amount		Interest rate
Interest-bearing deposits:
Term deposits	$	832,751	0.1% -16.9%	164,837		0.01%-14.3%
Total Interest-bearing deposits	$	832,751		$	164,837

Non-interest-bearing deposits:
Current customer accounts	$	458,954		$	81,447
Brokerage customers	$	633,542		$	519,344
Total non-interest-bearing deposits	$	1,092,496		$	600,791

Total customer liabilities	1,925,247			765,628

In accordance with Kazakhstan local law requirements, commercial banks conclude agreements with JSC Kazakhstan Deposit Insurance Fund ("KDIF"), under which banks have to pay commissions to KDIF on a recurring basis, the amount of which depends on the term and demand deposits received by banks from the customers. Under the regulatory agreement, KDIF insures the term and demand deposits up to $44 to each customer. As at March 31, 2023 and March 31, 2022, respectively, Freedom Bank KZ had a total amounts in excess of insured bank time deposits in amounts of $539,411 and $51,818 for all customers.