The minimum initial deposit for account opening is THB 1,000.
Upon the maturity of the deposit period, the interest after withholding tax shall be credited to the accounts.
The Bank shall consider the deposit contract is terminated at the maturity of the tenor is completed. If the account holders do not withdraw the money or notify the Bank otherwise, it shall be considered that the deposit has been renewed in form of previous deposit and the interest rate and conditions of the new deposit shall be as part the Bank's announcement at the time.
In order to withdraw the deposit before maturity.
Deposits for a period of less than 3 months will not be paid any interest. The interest (inclusive of withholding taxes) which has already been paid will be deducted from the principal that account holders will be paid back. The account holders may ask for a refund of such withholding taxes from The Revenue Department.
Deposits for a period of 3 months or more will be paid interest according to the Savings Deposit as per the Bank's announcement effective on the deposit day of such amount and the number of actual deposit days. The principal and accrued interest of the deposit will be paid to account holders after the deduction of interest which has already been paid (inclusive of withholding taxes). The account holders may ask for a refund of the with holding taxes from The Revenue Department.
For non-resident customers, making the withdrawal before maturity date, will not receive any interest for the deposit amount if a period of deposit is less than 6 months.
The Bank reserves the right to change conditions or service procedures and will notify the depositor in accordance with the notifications, or rules or regulations of the Bank of Thailand related to the matter.
