This deposit is representative freely accumulated deposit which customers may decide freely the deposit period, the amount of deposit and the frequency of deposit
Introduction
Benefits
- Target Customers:
- Residents are individuals
- Non-residents are foreign individuals permitted to reside in Vietnam for at least 6
- Applicable Currency: In principle, applicable currency shall be VND.
- Deposit Period:
- The deposit period may be fixed by unit of months from a period of not shorter than 6 months but no longer than 36 months.
- Especially for customers being foreign individuals: deposit term not exceed the remaining period of visa or other documents showing permitted stay in Vietnam issued by Vietnamese competent authorities.
- Amount of Deposit: There is no restriction on the deposit amount but monthly deposited amount may not be over VND 100,000,000.
- Depositing Method: Depositing method shall be freely accumulating and have no restriction on the frequency of deposits.
- Basic Interest Rate:The basic interest rate of the deposit shall be applied at the different rate per deposit period as posted at the branch or the internet homepage as of the opening date of the account.
- Preferential Interest Rate: The preferred rate shall be separately fixed by the department in charge of the deposit products, and shall be paid in addition to the basic interest at maturity.
- Interest Payment Method: Interests on the deposits shall be paid in a lump sum at maturity in addition to the principal. The interests shall accrue on the principal at the rate posted at the branch as of the opening date of the account during the period from every deposit date to the date preceding maturity.
- Interest Rate for Early Termination:
- Premature maturity a part of deposit is not allowed.
- Interest Rate for closing account before maturity is lowest interest rate of normal demand deposit account based on the type of customer and/or currency as announced at time of closing the account.
- Interest Rate after Maturity: The interest rate after maturity shall be applicable at the interest rate after maturity of general deposits as announced as of the maturity of the deposit.
Required Documents
- The Application for opening account cum deposit agreement and General Terms and conditions on account and use of account’s service signed by account holder or person’s guardian or legal representative of account holder.
- The citizen identity card or ID card or unexpired passport, birth certificate (for a Vietnamese citizen aged under 14 years), entry visa or certificate of visa exemption (for a foreigner) of the account holder
- If a account is opened through a person’s guardian or legal representative, the required documents for account opening must also include the citizen identity card or ID card or unexpired passport of the guardian or legal representative, and documents proving his/her capacity for representing the account holder.
* For more information, please contact Branch/Transaction Office
