VRB issues deposit certificates with extremely attractive interest rates

From 19/11/2018 to 31/12/2018, Vietnam - Russia Joint Venture Bank (VRB) will issue Certificate of Long-term Deposit (by VND) on the whole system with total issuing value up to 700 billion dong. Accordingly, the source of idle money of individuals and organizations will maximize profits with extremely attractive interest rates.

1. Name of product: "Named Certificate of Deposit"
2. Applicable subjects
- Vietnamese organizations and individuals; Vietnamese residing overseas;
- Foreign organizations and individuals conducting investment activities in Vietnam and not operating in Vietnam according to the provisions of Vietnamese law.
(The program does not apply to credit institutions, branches of foreign banks, subsidiaries of credit institutions in Vietnam and abroad)
3. Currency: VND (VND)
4. Minimum deposit amount
- For individual customers: 10 million VND
- For organizations: 50 million VND
5. Term: 24 months
6. Deposit interest rate: 8.1%/ year
7. Method of issuance: Directly
8. Basis for interest calculation: Based on the number of days actually on a yearly basis is 365 days
9. Interest payment method: Pay interest once when payment is at maturity
10. Payment of deposit certificates:
- The principal is paid only once at the time when customer sell Certificate of Deposit (original) for VRB and no sooner than the due date of it.
- Interest is paid once at maturity
(If the date of payment of principal, interest falls on holidays as regulated, payment will be on the first following working day and customers are benefited with the interest in certificate for the days off)
- Certificate of Deposit products do not allow for revolving. After the maturity date of the deposit certificate, if the customer does not come to pay, all the principal and interest will be held by VRB and enjoyed the non-term interest rate for mobilizing capital as VRB interest rate announced at the time that customer pays the deposit certificate. 
- The principal and interest of deposit certificate are paid at every VRB transaction points
- Deposit certificate is not applied for early payment.
 

For further information, please contact Branches/Transaction Offices of VRB or Hotline (free): 1800 6656

Vietnam - Russia Joint Venture Bank is honored to serve you!