Circular 47/2024/TT-NHNN amend Clause 3 Article 3 of Circular 04/2022/TT-NHNN interest rates for early withdrawal of deposits from credit institutions

CIRCULAR

Amending Clause 3, Article 3 of Circular No. 04/2022/TT-NHNN of June 16, 2022, of the Governor of the State Bank of Vietnam, providing the application of interest rates upon early withdrawal of deposits at credit institutions and foreign bank branches^[1]

Pursuant to the June 16, 2010 Law on the State Bank of Vietnam;

Pursuant to the January 18, 2024 Law on Credit Institutions;

Pursuant to the Government’s Decree No. 102/2022/ND-CP of December 12, 2022, defining the functions, tasks, powers and organizational structure of the State Bank of Vietnam;

At the proposal of the Director of the Monetary Policy Department;

The Governor of the State Bank of Vietnam promulgates the Circular amending Clause 3, Article 3 of Circular No. 04/2022/TT-NHNN of June 16, 2022, of the Governor of the State Bank of Vietnam, providing the application of interest rates upon early withdrawal of deposits at credit institutions and foreign bank branches (below referred to as Circular No. 04/2022/TT-NHNN).

Article 1. To amend Clause 3, Article 3 of Circular No. 04/2022/TT-NHNN as follows:

“3. Deposit certificates issued by credit institutions.”.

Article 2. Implementation provision 

This Circular takes effect on November 20, 2024.

Article 3. Organization of implementation

The Chief of the Office, the Director of the Monetary Policy Department, and heads of units of the State Bank of Vietnam, credit institutions, and foreign bank branches shall organize the implementation of this Circular.-

For the Governor of the State Bank of Vietnam
Deputy Governor
PHAM THANH HA