No later than March 01, 2024, postal service points that do not meet personnel requirements will not be allowed to accept savings deposits.
Is it true that no later than March 1, 2024, post office transaction points that do not meet personnel requirements will not be allowed to accept savings deposits?
On August 31, 2023, the State Bank of Vietnam issued Circular 11/2023/TT-NHNN amending and supplementing several articles of Circular 43/2015/TT-NHNN which regulates the organization and operation of post office transaction points under Lien Viet Post Joint Stock Commercial Bank.
Based on Article 8 of Circular 43/2015/TT-NHNN, which has been amended and repealed by points a and b, Clause 4, Article 1, and Clause 3, Article 2 of Circular 11/2023/TT-NHNN and replaced by some contents of point a, Clause 5, Article 1 of Circular 27/2022/TT-NHNN regulating the requirements for post office transaction points, as follows:
Requirements for Operation of Post Office Transaction Points
1. Personnel at the post office transaction points must meet the following requirements:
a) At least 03 people, of which 01 is a controller or equivalent position responsible for controlling and approving daily transactions and must be an employee of Lien Viet Post Joint Stock Commercial Bank. If this condition is not met by March 1, 2024, post office transaction points will not be allowed to accept savings deposits. Handling previously accepted savings will be done in accordance with Clause 4, Article 7 of this Circular;
b) Must have participated in relevant professional training courses organized by Lien Viet Post Joint Stock Commercial Bank (except for officers graduating from intermediate level or higher in finance or banking);
c) For personnel holding the position of controller (or equivalent), must have graduated from intermediate level or higher in economics, finance, or banking.
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The personnel requirements for post office transaction points have changed as follows:
From October 15, 2023, the person holding the controller position or equivalent, responsible for controlling and approving daily transactions, must also be an employee of Lien Viet Post Joint Stock Commercial Bank. Previously, this was not mandatory.
Additionally, if the new personnel requirement is not met by March 1, 2024, post office transaction points failing the requirements will not be allowed to accept savings deposits.
Is it true that no later than March 1, 2024, post office transaction points that do not meet personnel requirements will not be allowed to accept savings deposits? (Image from the Internet)
Is the regulation on the procedure for opening post office transaction points abolished from October 15, 2023?
Article 9 of Circular 43/2015/TT-NHNN specifies the procedure for opening post office transaction points as follows:
Procedure for Opening Post Office Transaction Points
1. The dossier requesting confirmation of eligibility to open a post office transaction point:
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2. Procedures for requesting confirmation of eligibility to open a post office transaction point:
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3. After receiving confirmation from the State Bank in accordance with Clause 2 of this Article, Lien Viet Post Joint Stock Commercial Bank is responsible for completing the notification procedure of setting up a business location according to current regulations, and announcing the opening date on the bank's website, at the main office, and the branch managing the post office transaction point.
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According to Clause 4, Article 2 of Circular 11/2023/TT-NHNN, which supplements, replaces, and abolishes several words, phrases, clauses, and articles of Circular 43/2015/TT-NHNN, as follows:
Supplement, Replace, and Abolish Some Words, Phrases, Clauses, and Articles of Circular 43/2015/TT-NHNN
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4. Abolish Clause 1 of Article 5, Article 9, Clause 1 of Article 17, and Clause 1 of Article 18.
5. Supplement Appendix No. 03 issued with this Circular.
Circular 11/2023/TT-NHNN (effective from October 15, 2023) stipulates the abolition of Article 9 of Circular 43/2015/TT-NHNN which regulates the procedure for opening post office transaction points.
From October 15, 2023, will the Board of Directors of Lien Viet Post Joint Stock Commercial Bank no longer have the authority to establish post office transaction points?
According to Article 5 of Circular 43/2015/TT-NHNN, which regulates the authority of the Board of Directors of Lien Viet Post Joint Stock Commercial Bank as follows:
Authority of the Board of Directors of Lien Viet Post Joint Stock Commercial Bank
According to the regulations of this Circular and in line with the development orientation of the bank, the Board of Directors of Lien Viet Post Joint Stock Commercial Bank has the authority to decide:
1. The establishment of post office transaction points.
2. The renaming and relocation of post office transaction points.
3. The change of branch managing post office transaction points in the area.
Clause 4, Article 2 of Circular 11/2023/TT-NHNN supplements, replaces, and abolishes several words, phrases, clauses, and articles of Circular 43/2015/TT-NHNN, as follows:
Supplement, Replace, and Abolish Some Words, Phrases, Clauses, and Articles of Circular 43/2015/TT-NHNN
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4. Abolish Clause 1 of Article 5, Article 9, Clause 1 of Article 17, and Clause 1 of Article 18.
5. Supplement Appendix No. 03 issued with this Circular.
Therefore, from October 15, 2023, the Board of Directors of Lien Viet Post Joint Stock Commercial Bank will no longer have the authority to establish post office transaction points.
Note: Circular 11/2023/TT-NHNN (link) is effective from October 15, 2023.
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