|6 Months Ended|
Sep. 30, 2023
|Contract with Customer, Liability [Abstract]|
|CUSTOMER LIABILITIES||CUSTOMER LIABILITIES
The Group recognizes customer liabilities associated with deposit funds of its brokerage and bank customers. As of September 30, 2023, and March 31, 2023, customer liabilities consisted of:
In accordance with Kazakhstan 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 agreement, KDIF insures the term and demand deposits up to $42 to each customer. As at September 30, 2023, and March 31, 2023, respectively, the Group had total amounts in excess of insured bank time deposits of $608,937 and $539,411 for all customers.
The entire disclosure for other liabilities.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef