Quyết định 2411/QĐ-NHNN năm 2024 về mức lãi suất tối đa đối với tiền gửi bằng đồng Việt Nam của tổ chức, cá nhân tại tổ chức tín dụng, chi nhánh ngân hàng nước ngoài theo quy định tại Thông tư 48/2024/TT-NHNN do Thống đốc Ngân hàng Nhà nước Việt Nam ban hành

DECISION

ON MAXIMUM INTEREST RATES OF DEPOSITS IN VIETNAM DONG OF ORGANIZATIONS AND INDIVIDUALS AT CREDIT INSTITUTIONS AND FOREIGN BANK BRANCHES ACCORDING TO CIRCULAR NO. 48/2024/TT-NHNN DATED SEPTEMBER 30, 2024

THE GOVERNOR OF THE STATE BANK OF VIETNAM

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

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

Pursuant to Decree No. 102/2022/ND-CP dated February 12, 2022 of the Government on function, tasks, powers and organizational structures of the State Bank of Vietnam;

Pursuant to Circular No. 48/2024/TT-NHNN dated September 30, 2024 of Governor of State Bank of Vietnam on the application of interest rates of deposits in Vietnam Dong of organizations and individuals at credit institutions and foreign bank branches;

At the request of the Director of the Monetary Policy Department.

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Article 1. Maximum interest rates of deposits in Vietnam Dong (VND) of organizations (except credit institutions and foreign bank branches) and individuals at credit institutions and foreign banks branches according to Circular No. 48/2024/TT-NHNN dated September 30, 2024 are as follows:

1. The maximum interest rate of demand deposits and deposits with a term less than 1 month is 0,5%/year.

2. The maximum interest rate of deposits with a term from 1 month to less than 6 months is 4,75%/year. Particularly, people's credit funds and microfinance institutions shall apply the maximum interest rate of 5,25%/year with respect to deposits with a term from 1 month to less than 6 months.

Article 2.

1. This Decision comes into force from November 20, 2024 and supersedes Decision No. 1124/QD-NHNN dated June 16, 2023 of Governor of State Bank of Vietnam on maximum interest rates of deposits in VND of organizations and individuals at credit institutions and foreign bank branches according to Circular No. 07/2014/TT-NHNN dated March 17, 2014.

2. Interest rates of deposits in VND of organizations and individuals at credit institutions and foreign bank branches made before the effective date hereof shall continue to be applied until these deposits reach their maturity dates; in case these deposits are not withdrawn at their maturity dates, the interest rates of these deposits shall be calculated according to this Decision.

Article 3. The Chief of Office, the Director of the Monetary Policy Department, heads of units affiliated to the State Bank of Vietnam, credit institutions and foreign bank branches are responsible for the implementation of this Decision./.

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