Application of interest rates upon premature withdrawal of deposits

In accordance with the Circular 04, the premature withdrawal of deposits is the case where the customer partially or fully withdraws deposits before the date of maturity arrives.

Interest rates upon premature withdrawal of deposits shall be agreed upon in accordance with Article 5 of this Circular as follows:

- In case where customers prematurely withdraw the entire deposits: Apply the maximum interest rate equal to their lowest interest rate applicable to demand deposits of customers and/or in the type of currency deposited at the time of premature withdrawal.

In case withdraw a part of deposits:

+ For the deposits withdrawn before the date of maturity, shall apply the maximum interest rate equal to their lowest interest rate applicable to demand deposits of customers and/or in the type of currency deposited at the time of premature withdrawal.

+ For the remaining deposits, apply the available interest rate applicable to the deposits that partially withdraw.

The Circular 04 takes effect on August 01, 2022.

For agreements on interest rates upon premature withdrawal of deposits, that are signed before the August 01, 2022, shall continue to be implemented until the date of maturity or shall be implemented in accordance with this Circular as agreed by credit institutions and customers.