Quarterly report pursuant to Section 13 or 15(d)

CUSTOMER LIABILITIES

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CUSTOMER LIABILITIES
 9 Months Ended
Dec. 31, 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 December 31, 2023, and March 31, 2023, customer liabilities consisted of:
December 31, 2023
March 31, 2023
Amount Interest Amount Interest
Interest bearing deposits:
Term deposits 1,182,839 
0.05% - 16.9%
 832,751 
0.1% - 16.9%
Total Interest bearing deposits $ 1,182,839  $ 832,751 
Non-interest-bearing deposits:
Brokerage customers 693,174  633,542 
Current customer accounts 372,029  458,954 
Total non-interest-bearing accounts $ 1,065,203  $ 1,092,496 
Total customer liabilities 2,248,042  $ 1,925,247 
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 $44 to each customer. As at December 31, 2023, and March 31, 2023, respectively, the Group had total amounts in excess of insured bank time deposits of $626,486 and $539,411 for all customers.