“Call” 48 hours Deposit is a 48-hour short-term investment of individual customers through deposit and savings deposit, which has a high level of liquidity that helps the customers to effectively manage their capital flow. Customers can deposit their fund many times in cash or by transfer and enjoy interest after 48 hours as from the time of deposit of each proceeds.
Product utilities:
- This type of investment is made in the form of deposit, savings with high interest rate
- Interest is paid after 48 hours from deposit time and automatically credited to the principal.
- Help customers to manage the capital flow in the most effective way.
- High liquidity.
- Customers can deposit or withdraw the fund, in cash or by transfer for many times.
- During the deposit term, customers may register at Eximbank to withdraw their fund (“Call”48 hours). The time between each withdrawal is 48 hours (as from the time of registration to the time of withdrawal).
Target customer:
Vietnamese and foreign individuals who are living and working legally under the gorvernance of Vietnam Laws.
Accepted currency:
Vietnam Dong (VND)
Term of deposit:
48 hours
Mode of interest payment:
Interest is paid after 48 hours and is credited to the principal in accordance with Eximbank’s prevailing interest rate for the product Deposit “Call” 48 hours, and is renewed for the next 48-hour terms (if customers do not withdraw their fund.)
Interest rate:
The interest rate is applied by Eximbank from time to time and can be changed daily subject to market’s interest rate.
Please refer to the prevailing schedule of interest rate for further information:
Deposit interest rate for “CALL” 48 hours.
Minimum balance:
- In case of savings deposit: customers must maintain the minimum balance of VND 100.000.
- In case of individual deposit: customers do not have to maintain a minimum deposit balance.
Regulations on fund deposit:
- Customers can deposit many times to the Deposit “Call” 48 hourson the date of deposit or on the due date.
- Deposits on Saturday will enjoy demand interest rate for the next Saturday, Sunday, and holidays afterwards (if any) and the term applied to these deposits will be calculated from the next business days.
Regulations on fund withdrawal:
a. In case customers do not “Call” 48 hours (customers do not register to withdraw their fund within the term): - Like48 hours time deposit, after 48 hours, if customers do not withdraw their fund, the term will be renewed for the next 48 hours;
- If customers withdraw their fund within 48 hours, they will not enjoy any interest. b. If customers call “Call” 48 hours (customers register to withdraw their fund within the term):
- If customers withdraw their fund right after 48 hours as registered: customers can enjoy 48-hour time deposit interest for the whole duration of deposit;
- If customers withdraw their fund within 48 hours as from the time of registration: customers can not enjoy interest as from the time of deposit or from the time of renewal to the time of withdrawal.
c. If customers register to partially withdraw their fund (partially “Call”):
- The amount of fund that customers do not registered to withdraw: will be treated as regulated in article (a);
- The amount that customers registered to withdraw: will be treated as regulated in article (b);
