1.       Bill with full interest paid in advance

2.       Bill with full interest paid at maturity

3.       Certificate of short term deposits, bills, certificate of short term deposits with full interest paid in advance.   

4.       Certificate of short term deposits, bills, certificate of short term deposits with full interest paid at maturity.                                                                                                                                                                                                                                                                                                                                                                                                                                                

Main features:

-    Term: 3 months, 6 months, 9 months, less than 12 months.
-    Currency: VND, foreign currencies, gold (promissory notes)
-    Minimum and maximum face value: to be determined by Agribank at each issuance.  

Principal Payment

-          The principal payment shall be made one time to customer at the counter of Agribank’s branch where the valuable paper is issued.

-          Payment at maturity: The principal shall be fully paid to customer at maturity.

-          Payment after maturity: If at maturity, the customer will not receive the principal payment, Agribank will not renew for another term, the principal shall bear the current demand interest rate for the period after maturity. Interest shall be calculated and paid to customer upon his/her receipt of principal payment.

-          Prepayment: Agribank will not apply prepayment.

Interest:

-          Interest rate adjustment method: fixed interest rate stated on the papers.

-          Interest calculation: Interest = Face value* Monthly interest rate* Term

-          Interest payment:

As for Bill with full interest paid in advance:

-          Agribank sells the valuable paper at discounting price (interest will be calculated and deducted from face value so that the price plus interest equal to the face value).

As for Bill with full interest paid at maturity:

-          Interest shall be paid at maturity together with principal

Benefit:

-          Can be used as borrowing security or loan guarantee for the 3rd person at any Agribank branches or other financial institutions.

-          Can transfer ownership, ownership automatically transferred to the legal heirs 

Conditions of use:

-          Vietnamese residents, Vietnamese living abroad, foreigners residing and legally operating in Vietnam or foreigners doing business in accordance with Vietnamese Law. 

How to apply:

-          The customer can buy the certificate of short term deposits at the counter of Agribank’s branches