How is the organizational structure of the post office transaction office?

21:35, 10/07/2024

Circular 43/2015/TT-NHNN stipulating the organization and operation of post office transaction offices under Lien Viet Post Joint Stock Commercial Bank issued on December 31, 2015 by the State Bank of Vietnam specifies in detail the Organizational Structure of Post Office Transaction Offices.

Circular 43/2015/TT-NHNN stipulates that the personnel at post office transaction offices include personnel from Lien Viet Post Joint Stock Commercial Bank and/or personnel from post offices or commune cultural post offices to carry out the business operations of post office transaction offices.

Furthermore, the post office transaction office performs the following operations:

- Receiving savings deposits;- Opening payment accounts for individuals;- Providing blank checks; cash withdrawals from payment accounts; providing domestic money transfer services within the account balance limit for individual customers who have accounts at the post office transaction office;- Providing domestic collection services;- Providing cash transfer services; distributing, paying foreign currency;- Acting as an insurance business agent according to the Establishment and Operation License of Lien Viet Post Joint Stock Commercial Bank and current legal regulations.

See detailed information at Circular 43/2015/TT-NHNN effective from March 15, 2016.

- Khanh Chi-

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