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BOI MONTHLY INSTALMENT DEPOSIT

Announcements

Exchange Rates

BOI MONTHLY INSTALMENT DEPOSIT

Purpose:
Monthly Installment Deposit is a special type of deposit account which enables a depositor to save by paying into the account an agreed fixed sum of money monthly over a stipulated period. The deposits in this type of account earn compound interest on quarterly basis. Longer the period for which monthly deposits are agreed to be made higher is the rate of interest subject to rules.

Eligibility:

  • Individuals of 18 years and above.
  • Vietnamese & Foreigners (Residents & Non-residents).
  • Can be operated singly or jointly.

Features:

  • Available in VND, USD and other major foreign currency.
  • Minimum Balance VND 10,000,000/ USD 500 OR EQV FC.
  • The scheme is available for a tenor between 6-36 months.
  • Interest on will be calculated daily with application of interest on monthly basis.

Other Features:

  • Interest Rate as applicable to the tenor.
  • Overdraft against the deposit at a margin of 5%-10% is available at 2% over the deposit rate.

List of documents:

Terms & Conditions:

Please download.

For further details and terms and conditions, please contact us

Tel: (0084 8)38 228 939 – 39 101 266

Fax: (0084 8) 39 246 341

Email:boihcmc@gmail.com
Boi.hcmvnm@bankofindia.co.in

Branch Timing:
8:30am to 5:30pm Monday to Friday (excl. public holidays)

Business hours
8:30am to 4:30pm Monday to Friday (excl. public holidays)

Bank code in Vietnam: 79659001
SWIFT code: BKIDVNVX