Circular No. 15/2013/TT-NHNN stipulates the maximum interest rate for deposits in Vietnamese dong of organizations and individuals at credit institutions and foreign bank branches. This document applies to both end-of-term interest payment methods and other methods that can be converted to end-of-term interest payment methods.
적용 범위
Credit institutions, foreign bank branches; organizations (excluding credit institutions and foreign bank branches); individuals
핵심 사항
- Credit institutions and foreign bank branches must set the maximum interest rate for demand deposits and term deposits under one month at 1.2% per year (Article 1.1).
- The maximum interest rate applicable to term deposits from one month to less than six months is 7.0% per year; specifically, People's Credit Funds and Microfinance Organizations are set at a maximum interest rate of 7.5% per year (Article 1.2).
- Term deposits of six months or longer shall be determined by credit institutions and foreign bank branches based on market supply and demand for capital (Article 1.3).
- Credit institutions and foreign bank branches must publicly display deposit interest rates at locations where deposits are received, as prescribed by the State Bank of Vietnam (Article 3).
- Strictly prohibit credit institutions and foreign bank branches from conducting promotional activities in any form when accepting deposits not in accordance with the provisions of the law and this Circular (Article 3).
🌐 이 문서의 사회적 영향
- Strengthen management of deposit interest rates to stabilize the financial market.
- Reduce risks for depositors due to clearly defined maximum interest rates.
- Difficulties for credit institutions in competing on interest rates with each other.
❓ 자주 묻는 질문
What is the maximum interest rate for demand deposits and term deposits under one month?
The maximum interest rate is 1.2% per year (Article 1.1).
How is the maximum interest rate for term deposits from one month to less than six months set for People's Credit Funds?
The maximum interest rate is 7.5% per year (Article 1.2).
Where must credit institutions display deposit interest rates?
At locations where deposits are received, as prescribed by the State Bank of Vietnam (Article 3).
전문
CIRCULAR
Regulations on the maximum interest rate for deposits in Vietnamese dong by organizations and individuals at credit institutions and foreign bank branches
||
______________________
Pursuant to the Law on the State Bank of Vietnam No. 46/2010/QH12 dated June 16, 2010;
Pursuant to the Law on Credit Organizations No. 47/2010/QH12 dated June 16, 2010;
Pursuant to Decree No. 96/2008/NĐ-CP dated August 26, 2008 of the Government stipulating the functions, tasks, powers, and organizational structure of the State Bank of Vietnam;
Article 1.
The Governor of the State Bank of Vietnam issues this Circular to regulate the maximum interest rate for deposits in Vietnamese dong by organizations and individuals at credit institutions and foreign bank branches,
Article 1. Credit institutions and foreign bank branches shall determine the interest rate for deposits in Vietnamese dong by organizations (excluding credit institutions and foreign bank branches) and individuals, including promotional expenses under all forms, as follows:
1. The maximum interest rate applicable to demand deposits and term deposits under one month is 1.2%/year.
2. The maximum interest rate applicable to term deposits from one month to less than six months is 7.0%/year; specifically, for People's Credit Funds and Microfinance Organizations, the maximum interest rate for term deposits from one month to less than six months is 7.5%/year.
3. The interest rate for term deposits of six months or longer shall be determined by credit institutions and foreign bank branches based on market supply and demand.
Deposits include demand deposits, term deposits, savings deposits, deposit certificates, bills, promissory notes, bonds, and other deposit forms of organizations (excluding credit institutions and foreign bank branches) and individuals as stipulated in Clause 13, Article 4 of the Law on Credit Institutions.
Article 2. The maximum interest rate for deposits prescribed in Article 1 of this Circular applies to end-of-period interest payment methods and other interest payment methods converted to end-of-period interest payment methods.
Article 3. Credit institutions and foreign bank branches shall publicly display the interest rate for deposits in Vietnamese dong at locations accepting deposits according to the regulations of the State Bank of Vietnam. Strictly prohibit credit institutions and foreign bank branches from conducting promotions in any form (cash, interest rates, and other forms) that do not comply with the provisions of the law and this Circular when accepting deposits.
Article 4. Implementation
1. This Circular takes effect from June 28, 2013, and replaces Circular No. 08/2013/TT-NHNN dated March 25, 2013, issued by the Governor of the State Bank of Vietnam regulating the maximum interest rate for deposits in Vietnamese dong by organizations and individuals at credit institutions and foreign bank branches.
2. For term deposits in Vietnamese dong of organizations and individuals at credit institutions and foreign bank branches arising before the effective date of this Circular, they shall be implemented until their maturity; if the agreed maturity period has expired and the organization or individual does not withdraw the deposit, then the credit institution or foreign bank branch shall determine the interest rate for the deposit according to this Circular.
3. Banking inspection and supervision agencies and State Bank of Vietnam branches in provinces and centrally-administered cities shall conduct inspections, audits, and supervision of the implementation of regulations on the maximum interest rate for deposits in Vietnamese dong; apply measures within their authority to handle violations by credit institutions and foreign bank branches as prescribed in this Circular.
4. The Director of the Office, Heads of the Monetary Policy Department and other units under the State Bank of Vietnam, Governors of State Bank of Vietnam branches in provinces and centrally-administered cities; Chairmen of the Board of Directors, Chairmen of the Board of Members, and General Managers (Directors) of credit institutions and foreign bank branches and related organizations and individuals are responsible for implementing this Circular.
원본 문서(PDF)
관계도
문서를 클릭하면 열립니다. 빨간 테두리＝효력을 변경하는 관계.
번역본
이 문서는 다음 언어로 제공됩니다: