Agribank provides the service “discount, rediscount of State Bank bills” for individual customers who are owners of of those valuable papers.
Main
features
-
Type
of currency: VND, foreign currencies
-
Discount, rediscount level: upon needs of customers
-
Types of discount and rediscount:
discount, rediscount for the entire remaining term of valuable papers or time
discount, rediscount
-
Agreed
upon based on the value of the valuable papers at their maturity date, the
discount interest rate, rediscount interest rate and the remaining term of
valuable papers
Discount, rediscount term
-
Agreed
upon but shall not be in excess of the remaining term of valuable papers
Discount interest rate, rediscount interest rate
-
Applies
according to Agribank’s interest rates
Payment
-
One-off
payment at maturity
-
On
due date, if customers do not repurchase their valuable papers, Agribank branch
will become the lawful owner of the papers and enjoy all the benefits arising
from the papers.
Delivery channels
-
Branches/transaction
offices, ATM’s of Agribank nationwide or automated channels (E-banking)
Technology applied
-
Agribank
uses automated system (IPCAS) to track customer information, accounts, amounts
of interest payment, etc. with the highest security and accuracy.