Thông tư 19/2012/TT-NHNN sửa đổi 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

ON AMENDING AND SUPPLEMENTING A NUMBER OF ARTICLES OF THE CIRCULAR NO. 30/2011/TT-NHNN OF SEPTEMBER 28, 2011 ON MAXIMUM INTEREST RATES OF DEPOSITS IN VIETNAM DONG OF ORGANIZATIONS, INDIVIDUALS AT FOREIGN BANKS AND CREDIT INSTITUTIONS

Pursuant to the Law on the State bank of Vietnam No. 46/2010/QH12 of June 16, 2010;

Pursuant to the Law on Credit institutions No. 47/2010/QH12 of June 16, 2010;

Pursuant to the Government's Decree No. 96/2008/NĐ-CP of August 26, 2008 on defining the functions, tasks, powers and organizational structure of the State bank of Vietnam

Pursuant to the Governments Resolution No. 01/NQ-CP of January 03, 2012 on primary measure for directing, operating and implementing the socio-economic development and the State budget estimates in 2012;

At the proposal of the Director of the Financial policy department;

The Governor of the State bank of Vietnam promulgates the Circular on amending and supplementing a number of articles of the Circular No. 30/2011/TT-NHNN of September 28, 2011 on maximum interest rates of deposits in Vietnam dong of organizations, individuals at branches of foreign banks and credit institutions,

Article 1. Amending and supplementing Article 1 of the Circular No. 30/2011/TT-NHNN of September 28, 2011 on maximum interest rates of deposits in Vietnam dong of organizations and individuals at branches of foreign banks and credit institutions as follows:

�Article 1. Branches of foreign banks and credit institutions shall fix the interest rate of deposits in VND of individuals and organizations (except for branches of foreign banks and credit institutions) including the promotion expenditures as follows:

1. The maximum interest rates of demand deposits and deposits with term of under 1 month is 2%/year.

2. The maximum interest rates of deposits with term of from 1 month to under 12 months is 9%/year. For fundamental people�s credit funds, the maximum interest rates of deposits with term of from 1 month to under 12 months is 9.5%/year.

3. The interest rate of deposits with term of from 12 months and above shall be fixed by branches of foreign banks and credit institutions on the basis of the supply-demand of the capital market.

4. Deposits including demand deposits, term deposits, saving deposits, deposit certificates, exchange bills, treasury bills, bonds and other forms of receiving deposits from individuals and organizations (except for branches of foreign banks and credit institutions) as prescribed in Clause 13 Article 4 of the Law on credit institutions.�`

Article 2. Organizing the implementation

1. This Circular takes effect on June 11, 2012 and supersedes the Circular No. 17/2012/TT-NHNN of May 25, 2012 promulgated by the Governor of the State bank of Vietnam on amending and supplementing a number of articles of the Circular No. 30/2011/TT-NHNN OF September 28, 2011 on maximum interest rates of deposits in Vietnam dong of organizations, individuals at branches of foreign banks and credit institutions.

2. The interest rates of term deposits in Vietnam dong of organizations and individuals at branches of foreign banks and credit institutions made before this Circular takes effect shall be fixed until such terms expire. If organizations, individuals do not withdraw the deposits when the term expires, branches of foreign banks and credit institutions shall fix the interest rates as prescribed in this Circular.

3. The bank inspection and supervisions agencies, the State bank of central-affiliated cities and provinces shall inspect and supervise the implementation of the provisions on deposit interest rates in Vietnam dong, take measures to handle the branches of foreign banks and credit institutions that violate this Circular.

4. Chief officers, the Director of the Financial policy department and Heads of units affiliated to the State bank of Vietnam, the Director of the State banks of central-affiliated cities and provinces; The president of the Directorate, the Member assembly and the General Director (Director) of branches of foreign banks and credit institutions and relevant organizations and individuals are responsible to implement this Circular.

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