This is one of 4 short term valuable papers (less than 1 year) issued by Agribank, in which all customers including Vietnamese residents, Vietnamese living abroad, foreigners residing and legally operating in Vietnam or foreigners doing business in accordance with Vietnamese Law, can invest.
- Term: 3 months,
6 months, 9 months, less than 12 months.
- Currency: VND, foreign currencies.
- Minimum and maximum face value: to be determined by
Agribank at each issuance.
principal payment shall be made one time to customer at the counter of
Agribank’s branch where the valuable paper is issued.
at maturity: The principal shall be fully paid to customer at maturity.
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.
Agribank will not apply prepayment.
Interest rate adjustment method: fixed interest rate.
- Interest calculation: Interest = Face value* Monthly
interest rate* Number of days
- interest payment: Interest shall be paid at maturity
together with principal.
The customer will buy the
certificate of short term deposit, bill, and other certificate of short term
deposit with full interest paid at maturity at the Agribank Branches’ counters.
the address of Agribank branches and transaction offices could be searched here).