UOB TAX-FREE TAVEESIN ACCOUNT

Product Benefits

Choose a deposit period from 24, 36, 48 or 60 months, the maximum amount of deposit cannot exceed 600,000 Baht.
24/7 personal accident coverage, with a protection of 2x of the deposited amount left to maturity, or the maximum amount of protection up to 1,180,000 per account
Tax-exempt for interest when maturity is reached

Account opening from 1,000 – 25,000 Baht. After 1,000 Baht, deposit will be increased by 500 Baht each step
Deposit amount must be the same every month until maturity, where the maximum amount of deposit cannot exceed 600,000 Baht. of the deposit tenor period 24, 36, 48 or 60 months
Depositor needs to provide identity card to UOB bank in order to be eligible for tax exemption
Depositors must complete the beneficiary document
Customers over 70 years old are entitled to a maximum benefit of 70% of the coverage.
Upon maturity, if depositor doesn’t close the account, the bank will automatically transfer the deposit amount to a Fixed Deposit account with 12-month maturity, under which the interest rate will be a 12-month Fixed Deposit interest rate.
If customers lapse over 2 times for deposit will not revive tax free benefit and special interest rate on campaign, instead penalty interest rate is placed
No interest shall be paid if the deposit is withdrawn within the first 3 months.If the deposit is withdrawn after the first 3 months but before the maturity date, the Bank will pay interest equivalent to normal savings interest rate periodically announced by the Bank which will be subject to withholding tax.
The Coverage of insured deposits is based on The Royal Decree on the Deposit Coverage Limit B.E. 2559

In the Event of Death	In the Event of Disability
Claim Form Copy ID Card of the insured Copy of House Registration of the insured with Death Stamped Copy ID Card of Beneficiary(s) Copy House registration of beneficiary(s) Copy of Deposit Application that specify the beneficiary Certificate of Death Death Certificate Policy Report Autopsy Report Copy of Account Statement until the latest Copy of Passbook (all page)	Claim Form Copy ID Card of the insured Copy of House registration of the insured Policy report Medical report Picture of the disability Disability ID Certificate of Disability Copy of Account Statement until the latest Copy of Passbook (all page)