What are the latest savings deposit interest rates of Agribank in 2024? What are currencies upon savings deposit in Vietnam?

Main Content

• What are the latest savings deposit interest rates of Agribank in Vietnam in 2024?
• What are currencies upon savings deposit in Vietnam?
• What are the procedures for making saving deposits at transaction offices of credit institutions in Vietnam?

What are the latest savings deposit interest rates of Agribank in Vietnam in 2024?

According to the announcement on the official information page of Agribank, the latest savings deposit interest rates of Agribank in February 2024, specifically for each subject are as follows:

Savings deposit interest rates for individual customers

Savings deposit interest rates for corporate customers

Currently, savings deposit interest rates hold at Agribank depends on the form of savings (term/non-term) or currency of savings, the interest rate will be different.

Accordingly, the savings interest rates for corporate customers are as follows:

Note: Information is for reference only. For specific information, please contact Agribank Branches/Transaction Offices nationwide

What are the latest savings deposit interest rates of Agribank in Vietnam in 2024? (Image from the Internet)

What are currencies upon savings deposit in Vietnam?

In Article 10, Circular 48/2018/TT-NHNN stipulates:

Currencies upon savings deposit taking and payout

1. The currency upon savings deposit taking is Vietnamese dong or foreign currency. The credit institution may determine the type of foreign currency/ies which it takes saving deposits.

2. The currency upon savings deposit payout is the one that the depositor previously made. The saving deposit payout as to foreign currency small change shall be accordant with regulations of the credit institution.

3. Regarding a savings deposit in Vietnamese dong of a Vietnamese citizen who is a resident, the depositor and the credit institution may reach an agreement as to payout of principal and interest into a checking account in Vietnamese dong of such depositor.

4. Regarding a savings deposit in Vietnamese dong of a Vietnamese citizen who is a non-resident made from a checking account of the depositor, such depositor and the credit institution may reach an agreement as to payout of principal and equivalent interest into a checking account in Vietnamese dong of such depositor.

5. Regarding a savings deposit in foreign currency of a Vietnamese citizen who is a resident made from a checking account of the depositor, such depositor and the credit institution may reach an agreement as to payout of principal and equivalent interest into a checking account in foreign currency of such depositor.

Thus, it is now possible to make savings in Vietnamese Dong or foreign currency. The determination of the type of foreign currency to receive savings deposits will be decided by the credit institution.

However, when determining the currency for savings, it is necessary to note:

- Regarding a savings deposit in Vietnamese dong of a Vietnamese citizen who is a resident, the depositor and the credit institution may reach an agreement as to payout of principal and interest into a checking account in Vietnamese dong of such depositor.

- Regarding a savings deposit in Vietnamese dong of a Vietnamese citizen who is a non-resident made from a checking account of the depositor, such depositor and the credit institution may reach an agreement as to payout of principal and equivalent interest into a checking account in Vietnamese dong of such depositor.

- Regarding a savings deposit in foreign currency of a Vietnamese citizen who is a resident made from a checking account of the depositor, such depositor and the credit institution may reach an agreement as to payout of principal and equivalent interest into a checking account in foreign currency of such depositor.

What are the procedures for making saving deposits at transaction offices of credit institutions in Vietnam?

Pursuant to the provisions of Article 12 of Circular 48/2018/TT-NHNN, procedures for making saving deposits at transaction offices of credit institutions are as follows:

- A depositor must come to a transaction office of a credit institution in person and present his/her identify proof; in case of a joint savings deposit, all depositors must present their identify proof in person. If the savings deposit is going to made by the legal representative, such legal representative must present his/her representative status proof and identity proof and identity proof of depositor.

- The depositor has to register his/her sample signature in a case where he/she wishes to change his/her old sample signature or he/she has not had such a sample signature registered at the credit institution. If the depositor is unable to write, read or see: he/she will follow the guidelines of the credit institution.

- The credit institution shall compare and update information of depositors as per the law on anti-money laundering.

- The depositor will follow other procedures as guided by the credit institution.

- Upon completion of procedures prescribed in Clauses 1, 2, 3 and 4 of of Article 12 of Circular 48/2018/TT-NHNN, the credit institution shall take the savings deposit and give the passbook to the depositor.

- Adding credit to a savings account of an issued passbook:

+ Adding credit in cash: The depositor shall comply with Clauses 1, 2, 3, and 4 of Article 12 of Circular 48/2018/TT-NHNN and present the issued passbook. The credit institution shall take the credit to the savings account, record the credit to the issued passbook and give the passbook to the depositor;

+ Adding credit from a checking account of the depositor: the depositor will follow procedures as guided by the credit institution.