Quarterly report pursuant to Section 13 or 15(d)

CUSTOMER LIABILITIES

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CUSTOMER LIABILITIES
 6 Months Ended
Sep. 30, 2024
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, 2024, and March 31, 2024, customer liabilities consisted of:
September 30, 2024
March 31, 2024
Amount Interest Amount Interest
Interest bearing deposits:
Term deposits $ 1,363,492 
0.05% - 17.7%
 $ 1,221,072 
0.04% - 17.3%
Total Interest bearing deposits $ 1,363,492  $ 1,221,072 
Non-interest-bearing deposits:
Brokerage customers $ 1,617,887  $ 742,902 
Current customer accounts 347,754  309,856 
Total non-interest-bearing accounts $ 1,965,641  $ 1,052,758 
Total customer liabilities $ 3,329,133  $ 2,273,830 
In accordance with Kazakhstan law requirements, commercial banks conclude agreements with JSC Kazakhstan Deposit Insurance Fund ("KDIF"), under which banks are required to pay commissions to KDIF on a recurring basis, the amount of which depends on the term deposits and demand deposits received by banks from their customers. Under the agreement, KDIF insures the term deposits and demand deposits up to $42 for each customer. As at September 30, 2024, and March 31, 2024, respectively, the Group had total amounts in excess of insured bank term deposits of $614,918 and $600,972 for all customers.