New Text Notification

Circular No. 15/2020/TT-NHNN: Amending schedule for payment services made via State Bank of Vietnam

15:40, 27/11/2020

On November 20, 2020, the State Bank of Vietnam issued the Circular No. 15/2020/TT-NHNN on amendments to the Circular No. 26/2013/TT-NHNN on schedule for payment services made via State Bank of Vietnam.

Circular No. 15/2020/TT-NHNN of the State Bank of Vietnam supplemented Article 1b on maintenance fees for checking accounts making payments in foreign currency as follows:

1. State Bank of Vietnam shall collect maintenance fees for checking accounts making payments in foreign currency of State Treasury, credit institutions, branches of foreign banks at Transaction Department of State Bank of Vietnam. Maintenance fees for checking accounts making payments in foreign currency shall depend on actual balance amount, number of days the balance amount is maintained and conversion rate in form of %/year. The fees shall be decided by Governor of State Bank from time to time.

2. Collection of maintenance fees for checking accounts making payments in foreign currency shall be implemented as follows:

- On a monthly basis, the Transaction Department shall calculate and collect maintenance fees for checking accounts making payments in foreign currency of State Treasury, credit institutions, branches of foreign banks as stated under Point b of this Clause.

- Amount of monthly fees to be collected shall be calculated using following formula:

+ Total monthly fees to be collected shall equal total daily fees in a month.

+ Daily fees to be collected shall be calculated using following formula:

Daily fee	=	Actual balance x Maintenance fee for checking accounts making payments in foreign currency
		365

View more details at the Circular No. 15/2020/TT-NHNN of the State Bank of Vietnam, effective from February 01, 2021.

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE

71 lượt xem

- This English translation is for reference purposes only and not a definitive translation of the original Vietnamese texts;
- Articles may be compiled from a variety of sources;
- Applicable Terms may have expired at the time you are reading;
- If you have any questions about the copyright of the article, please contact us via email banquyen@lawnet.vn