Decision No. 72/NH-QD of 1989 of the State Bank of Vietnam supplements the rules on term deposits with a three-month period, stipulates interest rates and conditions for early withdrawal by customers.
要点
- Depositors of three-month term deposits → shall receive interest as prescribed in Article 2 of the Rules on Term Deposits issued pursuant to Decision No. 30-NH/QD dated March 17, 1989
- Depositors who withdraw funds before maturity → shall not be entitled to interest
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DECISION
NUMBER 72/NH-QĐ OF MAY 31, 1989
ON AMENDING THE REGULATIONS FOR SAVINGS DEPOSITS
DIRECTOR
STATE BANK OF VIETNAM
Pursuant to Decision No. 55-CT dated March 10, 1989 of the Chairman of the Council of Ministers authorizing the Director of the State Bank of Vietnam to decide and announce interest rates for savings deposits;
Pursuant to Decision No. 71-NH/QĐ dated May 29, 1989 of the Director of the State Bank of Vietnam on determining interest rates for savings deposits;
Considering the actual situation after a period of implementing the regulations for savings deposits,
DECIDES:
Article 1.- Repeal Decision No. 45-NH/QĐ dated April 18, 1989 on amending and supplementing point b of Article 2 of the Regulations for Savings Deposits.
Now stipulates as follows point b of Article 2 of the Regulations for Savings Deposits issued by Decision No. 30-NH/QĐ dated March 17, 1989 of the Director of the State Bank:
b) A three-month term savings deposit with interest is a lump-sum deposit that pays principal and interest in full at maturity. Early withdrawal does not entitle to any interest.
Article 2 - This Decision takes effect from June 1, 1989.
Article 3 - The Directors of Central Specialized Banks, Heads of Departments, Institute Directors, Heads of Bureaus at the Central State Bank, Governors of Provincial and Municipal State Banks, and Special Administrative Region State Banks are responsible for implementing this Decision.
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