One way to protect and use an idle fund safely and profitably is opening a time deposit account at Indovina Bank Ltd. (IVB).

Competitive interest rate.

Flexible and diversified tenors, automatically renewal at maturity.

Simple procedure, quick processing.

Can be used as collateral for loans with IVB.

Implement at any branch and transaction office of IVB.

Target customers:

Vietnamese and foreign-invested corporation

Product features:

Interest rate: as interest rate for each term (periodically regulated by IVB).

Type of currency: VND.

Minimum amount: VND 5,000,000.

Transaction documents: Deposit slip, Transfer application form…

Account utilizations:

Customers can directly deposit cash, withdraw or transfer money from current accounts or  from other banks for time deposits.

Other regulations:

Method of interest payment: term-end.

For withdrawls before maturity day, interest will be paid on actual and non-term interest rate (in case the actual deposit time is less than 01 month). If the actual deposit time is equal or more than 01 month, IVB will pay 80% of the interest computed on the regulated tenor immediately preceding the actual period of the time deposit (interest rate at the opening time), and prevailing current account interest for the remaining period.

Required documents:

Application for Account opening. Download here

Notarized copy of Business License/Registration (for Vietnamese corporation).

Notarized copy of Investment License (for foreign corporation).

Notarized copy of Corporate Seal Registration.

Notarized copy of Corporate tax Code.

Method of signing (if any).

Decision appointing Account Holders, Deputy Director, Chief Accountant (if any)

Notarized copy of Passport / ID Card of signers.

Procedure:

Please contact us at any nearest IVB's branch or transaction office to open time deposit.