Circular 32/2012/tt-Nhnn: Regulations Maximum Interest Rate For Deposit In Vietnam Of The Organization Or Individual At Credit Institutions, Branches Of Foreign Banks

Original Language Title: Thông tư 32/2012/TT-NHNN: Quy định lãi suất tối đa đối với tiền gửi bằng đồng Việt Nam của tổ chức, cá nhân tại tổ chức tín dụng, chi nhánh ngân hàng nước ngoài

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THE STATE BANK OF VIETNAM
Numbers: 32 /2012/TT-NHNN
THE SOCIALIST REPUBLIC OF VIETNAM.
Independence-Freedom-Happiness
Hanoi, December 21, 2012

IT ' S SMART

The maximum interest rate regulation on the money deposits of the organization ' s Vietnam, the individual

at the credit organization, the foreign bank branch.

__________________

Vietnam State Bank Law School No. 46 /2010/QH12 June 16, 2010;

The Code of Credit: 47 /2010/QH12 June 16, 2010;

Base of Protocol 96 /2008/NĐ-CP August 26, 2008 by the Government Regulation, mandate, authority, and organizational seal of the State Bank of Vietnam;

On the recommendation of the Secretary of the Monetary Policy;

The Governor of the State Bank of Vietnam issued a maximum interest rate of interest in the country's Vietnam currency deposit, the individual at the trust organization, the foreign bank branch,

What? 1. The credit organization, the foreign bank branch of the foreign bank, set up interest rates to the organization's Vietnam copper (excluding credit organization, foreign bank branches) and individuals including the amount of money that is recommended in all forms as follows:

1. The maximum interest rate applies to non-term deposits and for less than 1 month term is 2% per year.

2. The maximum interest rate applied to deposits of 1 month to less than 12 months is 8% /year; the People's Credit Fund and the microfinance organization set the maximum interest rate for a 1 month term to less than 12 months of 8% per year.

3. The deposit rate has a term of up to 12 months or more due to the credit organization, the foreign bank branch that is set up on the basis of supply-market capital.

4. The deposit includes non-term deposit forms, long-term deposits, savings deposits, deposit certificates, ballots, votes, bonds and other forms of deposit (excluding credit organization, foreign bank branch), and other forms of deposit. It is a common law of 13 Article 4 of the Law of Credit organizations.

What? 2. The maximum interest rate for the prescribed deposit at Article 1 This is applicable to the end pay method and other return-of-interest methods are regulated in the final pay method.

What? 3. The credit organization, the foreign bank branch of the foreign bank, publicly traded deposits of money sent by the Vietnamese at the deposit sites under the provisions of the State Bank of Vietnam. A prohibition against the organization of credit, branch of the foreign bank, when receiving money is recommended in all forms (in money, interest rates, and other forms) is not correct with the provisions of this law and this information.

What? 4. Organization implemented

1. This message has the enforcement effect since December 24, 2012 and replaces the following:

a) 30 /2011/TT-NHNN September 28, 2011 by the Governor of the State Bank of Vietnam rules the maximum interest rate on deposits of the organization's Vietnamese copper, the individual at the credit organization, the foreign bank branch.

b) Digital 19 /2012/TT-NHNN June 8, 2012 by Governor of the State Bank of Vietnam amendment, complements some of the provisions of the Fourth Census. 30 /2011/TT-NHNN September 28, 2011 rules the maximum interest rate on deposits of the organization's Vietnamese copper, the individual at the credit organization, the foreign bank branch.

2. For the interest rate sent by the Vietnamese copper that has the organization ' s term, the individual at the credit organization, the foreign bank branch that is born before the date of this Smart Day comes into effect, is done until the end of the deadline; the case expires. The deal, the organization, the individual does not go to the deposit, the credit organization, the foreign bank branch that set interest rates on the deposit at this level.

3. The Inspector Agency, overseeing banks and the State Bank branch of the provincial branch, the Central City of the Central Committee to conduct inspections, inspectors, oversight of the implementation of the regulation of deposits of money sent by the Vietnamese; apply the measures under jurisdiction. right to handle the credit organization, the foreign bank branch in violation of the privacy regulations.

4. Chief of Staff, Head of Monetary Policy Affairs and Head of Units of the State Bank of Vietnam, Director of the State Bank of the State Branch of the Provinces, the Central City of Central; Chairman of the Board, Board Member and General Manager. (Director) credit organizations, foreign bank branches and organizations, individuals are responsible for this private practice.

KT. GOVERNOR.
Vice Governor.

(signed)

Nguyen Co-Progress