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Bill of Exchange (BE)

This investment provides higher interest than normal deposit account.

Features
Criteria
Supporting Documents

Features

  • Offers more alternatives for your investment with the higher interest than normal deposit account.
  • Earn interest according to the period of your investment.

Criteria

  • Customer can subscribe B/E according to minimum credit line, as specified by the Bank
  • Available for individual / non-profit organization / other funds, insurance companies, savings cooperatives.
  • If the redemption does not occur on maturity date, which is a normal business day due to no fault of the bank, interest will be computed up to the maturity date only.
  • If the maturity date is on a bank holiday, redemption will occur on the next business day instead. Interest shall be computed for that bank holiday.
  • B/E is not automatically rolled over.
  • Interest payment will be subjected to withholding taxes, if applicable.
  • B/E is non transferable / not assignable.
  • Customer cannot redeem before the maturity date.
  • The Financial Institution Development Fund does not guarantee the principle and interest.
Supporting documents
  • A certified copy of Identification Card.


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