Circular No. 27/2019/TT-NHNN amends and supplements certain provisions of Circular No. 35/2014/TT-NHNN dated November 20, 2014 of the Governor of the State Bank of Vietnam on fees for cash withdrawals from payment accounts at the State Bank of Vietnam.

CIRCULAR

Amending and supplementing certain provisions of Circular No. 35/2014/TT-NHNN

dated November 20, 2014 of the Governor of the State Bank of Vietnam

on fees for cash withdrawals through payment accounts

at the State Bank of Vietnam

Pursuant to the Law on the State Bank of Vietnam dated June 16, 2010;

Pursuant to Decree No. 222/2013/NĐ-CP dated December 31, 2013 of the Government on cash payments;

Pursuant to Government Decree No. 16/2017/NĐ-CP dated February 17, 2017 on the functions, tasks, powers, and organizational structure of the State Bank of Vietnam;

At the proposal of the Payment Department Director;

The Governor of the State Bank of Vietnam promulgates this Circular amending and supplementing certain provisions of Circular No. 35/2014/TT-NHNN dated November 20, 2014 of the Governor of the State Bank of Vietnam on fees for cash withdrawals through payment accounts at State Bank of Vietnam

Article 1. Amending and supplementing certain provisions of Circular No. 35/2014/TT-NHNN dated November 20, 2014 of the Governor of the State Bank of Vietnam on fees for cash withdrawals through payment accounts at the State Bank of Vietnam (hereinafter referred to as Circular No. 35/2014/TT-NHNN)

1. Clause 3 shall be amended and supplemented as follows:

"Article 3. Fee rates for cash withdrawals at the State Bank

1. Credit institutions and foreign bank branches are exempt from fees for cash withdrawals in a month when the value of cash withdrawn through payment accounts is less than or equal to the value of non-standard currency returned to the State Bank at the same location where the account was opened.

2. Credit institutions and foreign bank branches shall pay a fee of 0.005% on the positive difference in a month between the value of cash withdrawn through payment accounts and the value of non-standard currency returned to the State Bank at the same location where the account was opened."

means projects, works, designs for developing, applying, implementing technology or other tasks within the scope of technical fields managed by technical staff, classified according to types and levels (groups) as stipulated by specialized laws."

"Article 3a. Methods for collecting fees for cash withdrawals

Monthly, after calculating and collecting fees for cash withdrawals from credit institutions and foreign bank branches, the Trading Department, the State Bank branch in provinces and centrally-administered cities, based on the fee collection vouchers according to the Fee Calculation Schedule attached to this Circular, shall record the fee income for cash withdrawals according to the Accounting System issued by Circular No. 19/2015/TT-NHNN dated October 22, 2015 on the Accounting System of the State Bank of Vietnam and the Core Banking System Operation Manual, accounting budget and system integration."

3. Point b Clause 4 Article 4 is amended and supplemented as follows:

"b) Summarize and report data on fees for cash withdrawals through payment accounts at the State Bank as required by the Governor of the State Bank."

4. Supplement Clause 5 Article 4 as follows:

"5. Information Technology Department

Develop software to calculate, collect automatic fees and implement automatic supplementation of related reporting forms into the information reporting and financial statistics system of the State Bank."

Article 2

1. Repeal point b Clause 1 Article 4, point b Clause 2 Article 4 of Circular No. 35/2014/TT-NHNN.

2. Replace the Appendix in Circular No. 35/2014/TT-NHNN with the Appendix attached to this Circular.

This Circular takes effect from December 25, 2025/.

The Director of the Office, Heads of Payment Department, Heads of units under the State Bank, Governors of State Bank branches in provinces and centrally-administered cities and Chairmen of Management Boards (Board Members), General Directors (Directors) of credit institutions and foreign bank branches are responsible for implementing this Circular.

Article 4. Implementation provisions

This Circular takes effect from May 1, 2020./.

ANNEX

SCHEDULE FOR CALCULATING FEES FOR CASH WITHDRAWALS THROUGH PAYMENT ACCOUNTS

AT THE STATE BANK OF VIETNAM

(Annexed to Circular No.      /2019/TT-NHNN dated        /2019

of the State Bank of Vietnam)

Name of unit: Trading Department/State Bank Branch

Name of customer: (credit institution/foreign bank branch):

Data: Month ... year ...

Account Number:

Account name: 

Unit: dong

Cash withdrawal fee in the month...year ...is: ... (in words)…

..., day ... month ... year ...

- Preparing unit: Trading Department, State Bank Branch in provinces and centrally-administered cities.

- The reconciliation process is carried out according to the agreement between the Trading Department, State Bank Branch in provinces and centrally-administered cities and credit institutions, foreign bank branches.

- Explanation:

(1) is the total amount of cash in Vietnamese dong withdrawn by credit institutions, foreign bank branches through payment accounts at the State Bank branch where the account is opened in the month.

(2) is the total amount of non-standard currency returned by credit institutions, foreign bank branches to the State Bank branch where the account is opened in the month according to regulations on the collection and exchange of non-standard currency.

+ If (3) ≤ 0 then (4) = 0

Percentage of inner-city/inner-town population supplied with clean water through centralized water supply systems (%)

+ If (3) > 0 then (4) = (3) x 0.005%.

If (3) > 0 then (4) = (3) x 0,005%.