Agribank provides the service “discount, rediscount of cheques” for individual customers wishing to raise capital.
Main features
-
Type
of currency: VND, foreign currencies
-
Time
to present the cheque: not exceeding 30 days from the date of issuance
(excluding force majeure period, out-of-countrol objective reasons)
-
Place
for cheque presentation: business location of the drawer of cheque, indicated
clearing house or another location as noted on the cheque
Method
-
Full
payment or multiple payments to the account of the beneficiary or payment in
cash
-
After
the time limit to present not exceeding 06 months after its issue, the cheque
can still get paid if no notification of payment suspension and the solvency of
the drawer is guaranteed.
Late
payment penalty
-
Interest
on late payment: from the date of cheque presentation declined to the date the
drawer of the cheque settles the late payment amount for the beneficiary
-
Interest
for late payment: 200% of rates as regulated by Agribank. Interest for late
payment is paid to the beneficiary.
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.