VietnameseCircular No. 01/2007/TT-NHNN dated March 07, 2007 of the State Bank providing guidelines on Aarticles 4 and 7 of Decree 161/2006/ND-CP of the Government dated 28 December 2006 on payments in cash
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Circular No. 01/2007/TT-NHNN dated March 07, 2007 of the State Bank providing guidelines on Aarticles 4 and 7 of Decree 161/2006/ND-CP of the Government dated 28 December 2006 on payments in cash
| Issuing body: | State Bank of Vietnam | Effective date: | Known Please log in to a subscriber account to use this function. Don’t have an account? Register here |
| Official number: | 01/2007/TT-NHNN | Signer: | Nguyen Dong Tien |
| Type: | Circular | Expiry date: | Known Please log in to a subscriber account to use this function. Don’t have an account? Register here |
| Issuing date: | 07/03/2007 | Effect status: | Known Please log in to a subscriber account to use this function. Don’t have an account? Register here |
| Fields: | Finance - Banking |
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THE STATE BANK OF VIETNAM ----------- | SOCIALIST REPUBLIC OF VIETNAM Independence - Freedom Happiness ---------------- |
No. 01/2007/TT-NHNN | Hanoi, March 7, 2007 |
CIRCULAR
PROVIDING GUIDELINES ON ARTICLES 4 AND 7 OF DECREE 161/2006/ND-CP OF THE GOVERNMENT DATED 28 DECEMBER 2006 ON PAYMENTS IN CASH
Pursuant to articles 4 and 7 of Decree 161/2006/ND-CP of the Government dated 28 December 2006 on payments in cash;
The State Bank provides the following guidelines on the level of fees for cash transactions which institutions providing payment services shall be permitted to collect; and on the limit on cash payments by organizations using State capital:
1. Level of fees for cash transactions as stipulated in this Circular means the level of fees payable on a withdrawal of cash by any organization or individual at an institution providing payment services. Such institution may make its own decision on collection of fees from organizations and individuals being clients of the institution in specific cases, consistent with the nature and scale of the business activities of the units of such institution.
The level of fees for cash withdrawals which institutions providing payment services shall have the right to collect shall be from 0% to 0.05% of the amount of the cash transaction, but this limit shall not apply to withdrawals from ATMs (automatic telling machines).
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