DepositsFixed Deposit AccountsUOB Tax-Free Taveesin
UOB Tax-Free Taveesin Fixed Deposit Account

UOB Tax-Free Taveesin Fixed Deposit Account

Get full interest No tax payment Free... 24-hour accident insurance with maximum

  • Deposit the same amount every month. The total deposit amount does not exceed 600,000 baht.
  • Interest income is not taxable.

Benefits

Choose the deposit period

according to the customer preference.

Get accident coverage

throughout the deposit period.

Tax exemption

for deposit interest due.

  • Choose the deposit period according to the customer preference (24, 36, 48 or 60 months).
  • Get accident coverage throughout the deposit period without paying insurance premiums anywhere in the world. The coverage is 2 times of the amount of the deposit to be made to complete the remaining period after the accident date or up to 1,180,000 baht per account.
  • Tax exemption for deposit interest due

Terms and Conditions

  • Open an account from 1,000 - 25,000 baht. To open an account of more than 1,000 baht, each increase of 500 baht is required.
  • The account holder must deposit the same amount every month, 1 time per month until expiry of the deposit term by not exceeding the last business day in that month. The total deposit amount does not exceed 600,000 baht throughout the deposit periods of 24, 36, 48 and 60 months.
  • The account holder must provide the ID number when opening an account to qualify for tax exemption.
  • The account holder must enter the beneficiary’s name in the beneficiary naming form for insurance entitlements.
  • The account holder aged over 70 years will receive compensation 70% of the coverage amount.
  • Upon expiry of the deposit term, if the account holder does not notify account closing, the Bank will accept the continued deposit automatically with a 12-month deposit term with 12-month fixed deposit interest rate.
  • Not more than 2 missing deposits throughout the deposit period, whether such missing deposits are consecutive or not. For the 3rd missing deposit or more, it will be considered that the deposit conditions are violated immediately.
  • In case of no more than 2 missing deposits, the account holder must make up for the missing amount by depositing within the last business day before the due date (the maturity date of the account). Otherwise, the account holder will earn interest at the savings interest rate as announced by the Bank at that time and pay withholding tax.
  • For more than 2 missing deposits or withdrawal before due, the Bank will close the account when the owner contacts the Bank by calculating interest as follows.
    • For the deposit period of less than 3 months from the account opening date to the closing date, no interest payment.
    • For the deposit period of 3 months or more, but less than 24, 36, 48 and 60 months, interest will be calculated at the savings interest rate as announced by the Bank at that time, along with payment of withholding tax.
  • This deposit is protected by the Deposit Protection Agency in the amount stipulated by law.

Account Opening Terms and Conditions

Applicant Qualifications
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  • The minimum age for applying to open an account is 15 years old.
  • Individual: Copy of ID card
  • No fee
In case of fatal accident
  • Claim form
  • Copy of ID card or passport of the deceased
  • Copy of the death certificate
  • Copy of written death certification
  • Copy of the autopsy report
  • Copy of the police's daily record
  • Copy of the police’s case summary
  • Copy of house registration stamped “Death” of the insured
  • Copy of the beneficiary's ID card duly certified
  • Copy of the beneficiary's house registration duly certified
  • Letter appointing the administrator of the estate (if any)
  • Copy of Statement for the past 3 months
In case of permanent disability
  • Claim form
  • Copy of the insured's ID card duly certified
  • Copy of the insured's house registration
  • Copy of the daily case report
  • All treatment history
  • Photograph of the insured showing disability or organ damaged
  • Disability ID card
  • Disability certificate
  • Copy of Statement for the past 3 months
  • Inquiry about deposit account at UOB Customer Service Center 0 2285 1555
  • Inquiry about accident insurance coverage at Thaivivat Insurance Public Company Limited 1231

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