Main features

-    Term: minimum 1 month
-    Currencies: VND, USD and EUR
-    Minimum balance: VND 1,000,000, USD 100, EUR 100.
-    Deposit: One-off deposit at counter of branch/transaction office
-    Withdrawal: One-off withdrawal of principle and interest at counter branch/transaction office

-         Withdrawal at maturity: entire amount of principle and interest is paid

-          Early withdrawal: Agribank will recover the entire interest paid; demand-deposit rate is applied for the actual balance and elapsed time.

-          Late withdrawal: demand-deposit rate is applied for the number of days beyond the maturity date

-          Fees: Penalty for early withdrawal is applied (customers make withdrawal within 07 working days from the deposit date), service charges are according to the current Schedule of fees and charges of Agribank.

-          Interest: rates available on selected terms or by agreement with customers
       Interest calculation: Interest = Principal amount x interest rate x term

-          Interest payment: One-off interest payment in advance when deposit

Benefits:

-          Customers can make early withdrawal

-          Balances on deposit accounts are allowed to use as borrowing security or loan guarantee for the 3rd person at any Agribank branches or other financial institutions.

-          Passbook can be used by customers as financial certificate or used as security for loans for relatives’ study/work abroad.
 

How to apply

Apply at Agribank branches/transaction offices, documents included:

-          Customer account information form

-          Fixed term account opening request or an agreement between customer and Agribank

-          Papers demonstrating that business was established under the provisions of the law

-          Papers proving the lawful representative of the account holder, authorized person, the chief accountant or person in charge of accounting.

-          Tax file number (if any)