Vietnam: Details required on the passbook

14:33, 17/01/2019

Recently, the State Bank of Vietnam issued Circular No. 48/2018/TT-NHNN on savings deposits.

According to Circular No. 48/2018/TT-NHNN of the State Bank of Vietnam, passbook or bankbook (hereinafter referred to as passbook) is the certificate of ownership of savings deposit made by the depositor held at a credit institution. A passbook must have at least the following:

- Credit institution’s name and seal; full name and signature of the bank teller and the legal representative of the credit institution;

- Full name, number and date of issue of identity proof of the depositor or all depositors (in case of a joint savings deposit) and information of the depositor’s legal representative if the savings deposit is made by the legal representative;

- Number of passport; amount; currency; deposit date; maturity date (applied to term savings deposit); deposit term; interest rate; interest payment method;

- Methods offered to depositors to access their savings deposits;

- Actions to be taken in a case where a passbook is crumpled, torn or lost.

Note: Apart from regulations prescribed in Point a of this Clause, a passbook may have other information as prescribed by the credit institution.

View transaction offices offering savings deposits taking and payout at Circular No. 48/2018/TT-NHNN of the State Bank of Vietnam, effective from July 05, 2019.

- Thanh Lam -

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