Sunday, 19/05/2024

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Non-Term Deposit (SA)

Demand saving deposit is type of deposits which depositors are allowed to withdraw money at any time.

Benefits for customers

- Enjoy savings deposit interest rates listed in LVB

- Customers can withdraw at any time of any transaction and enjoy interest.

- Customers can use payment services, banking services provided by LVB

- Customers can send drawn at any nationwide LVB branch

Product characteristics:

-Deposit types include LAK, THB, USD, and VND

- Minimum balance 500,000 LAK/USD 50/2,000THB/1,000,000 VND.

- Interest rates vary from time to time published by LVB

- Interest is calculated according to the average daily balance

- Time of payment of interest is on 30/6 and 31/12 annually 

Conditions for registration

- Lao enterprises and foreign enterprises are operating in accordance with the laws of Laos.

- Objects open deposit accounts in foreign currency savings are individual residents.

Registration dossier:

 - Open an account: Application form for deposit; business registration certificate, tax certificate, investment license, seal, identity card/passport/family register, saving book 

- Withdraw from the account: Present the saving book, eligible withdrawal application as registered with LVB, identity card and other relevant papers.