From July 25, the Insurance Fund Can Deposit Money in the Bank for Investment

13:40, 11/07/2024

This is a new form of investment by Insurance Funds mentioned in Decision 1288/QD-BHXH on the Regulation on Management of Investment of Social Insurance, Health Insurance, and Unemployment Insurance Funds.

Apart from previous forms of investment, investment activities from insurance funds can also be carried out through depositing money at commercial banks with good and healthy performance.

The activity of depositing money at commercial banks is conducted according to the following plan:

- Determine the deposit amount for each bank;- Choose a reasonable, effective deposit term, ensuring a maximum of no more than 3 years;- Determine the deposit interest rate.

Depositing money at commercial banks must be carried out through a contract, clearly stating the amount, term, interest rate, payment method of interest and principal, and the form of handling in case of breach of contract.

Decision 1288/QD-BHXH takes effect from July 25, 2017, replacing Decision 1066/QD-BHXH dated October 08, 2013.

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