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premature withdrawal

New regulations on interest rates for premature withdrawal of deposits at credit institutions, foreign bank branches

bởi Nguyen Van Hai Dang, Dang Huyen Thu Để lại bình luận

On June 16, 2022, the Ministry of Finance issued Circular 04/2022/TT-NHNN stipulating the application of interest rates for premature withdrawal of deposits at credit institutions, foreign bank branches (Circular 04/2022) to replace Circular 04/2011/TT-NHNN (Circular 04/2011). Compared to the former one, Circular 04/2022 provides a clearer legal framework for premature withdrawal of deposits.