Agribank provides the service “discount, rediscount of cheques” for Vietnamese and foreign organizations.
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
Place for cheque presentation: business location of
the drawer of cheque, indicated clearing house or another location as noted on
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.
Branches/transaction offices, ATM’s of Agribank
nationwide or automated channels (E-banking)
Agribank uses automated system (IPCAS) to track
customer information, accounts, amounts of interest payment, etc. with the
highest security and accuracy.