Circular No. 47/2024/TT-NHNN amends Clause 3, Article 3 of Circular No. 04/2022/TT-NHNN dated June 16, 2022, issued by the Governor of the State Bank of Vietnam on the application of interest rates for early withdrawal of deposits at credit institutions and foreign bank branches.

CIRCULAR

Amending Clause 3 of Article 3 of Circular No. 04/2022/TT-NHNN dated June 16, 2022 issued by the Governor of the State Bank of Vietnam

dated June 16, 2022

concerning the application of interest rates for early withdrawal of deposits at credit institutions and foreign bank branches

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Pursuant to the Law on the State Bank of Vietnam No. 46/2010/QH12 dated June 16, 2022 2010;

Pursuant to the Law on Credit Institutions dated January 18, 2024;

Pursuant to Decree No. 102/2022/NĐ-CP dated December 12, 2022 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 amend Clause 3 of Article 3 of Circular No. 04/2022/TT-NHNN dated June 16, 2022 concerning the application of interest rates for early withdrawal of deposits at credit institutions and foreign bank branches.

Article 1. Amend Clause 3 of Article 3 of Circular No. 04/2022/TT-NHNN as follows:

"3. Deposit certificates issued by credit institutions."

Article 2. Implementation clause

This Circular shall take effect from November 20, 2024.

Article 3. Implementation Organization

The Director of the Office, Heads of Departments under the State Bank of Vietnam, Heads of units under the State Bank of Vietnam, credit institutions, and foreign bank branches are responsible for implementing this Circular./.