Change Of Time Period Used To Convert Deposit Interest Rate

Based on Circular 14/2017/TT-NHNN coming into effect from Jan 01st 2018, Shinhan Bank would like to announce the application of time period used to convert deposit interest rate per year, a year of 365 days, as below:

TypeInterest rate calculated on a year of 360 days Interest rate calculated on a year of 365 days
Demand DepositUntil Dec 31st, 2017From Jan 1st, 2018
Term Deposit / Installment DepositUntil the end of termsFrom the date of rollover/ open new account

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