Thông tư 30/2011/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 do Ngân hàng Nhà nước Việt Nam ban hành

CIRCULAR

PROVIDING FOR THE MAXIMUM INTEREST RATE APPLICABLE TO DEPOSITS IN VIETNAMESE DONG OF ORGANIZATIONS, INDIVIDUALS AT CREDIT INSTITUTIONS, FOREIGN BANK'S BRANCHES

- Pursuant to the Law on the State Bank of Vietnam No. 46/2010/QH12 dated 16 June 2010;

- Pursuant to the Law on Credit Institutions No. 47/2010/QH12 dated 16 June 2010;

- Pursuant to the Decree No. 96/2008/ND-CP dated 26 August 2008 of the Government providing for the functions, duties, authorities and organizational structure of the State Bank of Vietnam;

- With a view to implementing the Resolution No.11/NQ-CP dated 24 February 2011 of the Government on key solutions for inflation control, macro-economic stabilization and ensuring social security;

The State Bank of Vietnam hereby provides for the maximum interest rate applicable to deposits in Vietnamese dong of organizations, individuals at credit institutions, foreign bank's branches (hereinafter collectively referred to as credit institutions) as follows:

Article 1. Credit institutions shall fix their interest rate applicable to deposits in Vietnamese dong of organizations (excluding credit institutions) and individuals, including payments for sale promotion in any form as follows:

1. For maximum interest rate applicable to demand deposits and deposits with term of less than one month: to be of 6% per annum.

2. For maximum interest rate applicable to deposits with term of one month and more: to be of 14% per annum; for local People's credit funds alone, they shall fix their maximum interest rate applicable to deposits with term of one month and more to be of 14.5% per annum.

3. Deposits shall include demand deposits, term deposits, savings deposits, deposit certificates, bills of exchange, bills, bonds and other forms of deposits of organizations (excluding credit institutions), individuals in accordance with provisions in Paragraph 13 Article 4 of the Law on Credit Institutions.

Article 2. The maximum interest rate applicable to deposits as provided for in Article 1 f this Circular shall be applicable to the method under which the interest is paid at the maturity and other methods of interest payment that are converted under the method of interest payment on maturity.

Article 3. Credit institutions shall post in public the interest rate applicable to deposits in Vietnamese dong at premises of receiving deposits in accordance with provisions of the State Bank of Vietnam. Credit institutions shall be strictly prohibited from providing sale promotion in receiving deposits in any form (in cash, interest rate or other forms) that are not in conformity with provisions of applicable laws and this Circular.

Article 4. Implementation organization

1. This Circular shall be effective from 01 October 2011 and replace the Circular No.02/2011/TT-NHNN dated 03 March 2011 of the Governor of the State Bank providing for the maximum interest rate applicable to VND deposits.

2. For interest rates applicable to term deposits in Vietnamese dong mobilized from organizations, individuals at credit institutions arising prior to the effective date of this Circular shall be implemented until their expiry; in the event where at the ending of the agreed period, the organizations, individuals do not come to draw their deposits, then the credit institutions shall fix the interest rate applicable to those deposits in line with provisions of this Circular.

3. Banking Inspection and Supervision Department and State Bank's branches in provinces, cities under the central Government's management shall carry out the inspection, supervision over the implementation of provisions on the interest rates applicable to USD capital mobilization; apply the measures within their authorities to deal with credit institutions which violate this Circular.

4. The Director of the Administrative Department, Director of the Monetary Policy Department and Heads of units of the State Bank of Vietnam, General Managers of the State Bank’s branches in provinces and cities under the central Government’s management; Chairman of Board of Directors, Board of Members and General Directors (Directors) of credit institutions, and related organizations, individuals shall be responsible for the implementation of this Circular.

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