Normal Term Deposit is an account that pays a fixed rate of interest until reaching an agreed
maturity date. Customers will receive a passbook or certificate of deposit as an evidence. There are a variety of terms
that customers can select from 3,6,12,24 or 36 month terms.
-
The terms are flexible and can be chosen from 3, 6, 12, 24 to 36 months. Interest will be paid at maturity with the fixed rate that offers better returns than normal savings account.
-
Normal Term Deposit account is flexible and can be used as collateral for loan application.
-
Only minimum amount of 1,000 Baht is required for account opening.
Terms of Service
- For individuals and juristic.
- In the category of 3,6,12,24 or 36 month terms, the minimum amount of 1,000 Baht is required for account opening. This minimum is also applied to every additional deposit.
- Deposit can be made at any TMB branches nationwide.
- Unlimited withdrawal is allowed at the branch where the account is opened and the other branches within the same clearing house or the same province.
- In the category of 3, 6 and 12 terms, partial withdrawal can be made.
- In the category of 24 and 36 terms, partial withdrawal is not allowed. Customers are required to withdrawn the whole deposit amount.
Fees / Interest Rates
- Interest rate of Normal Term Deposit is in accordance with Bank's announcement
- In the category of 3, 6 and 12 month terms, interest will be paid at maturity.
- Deposit can be made at any TMB branches nationwide.
- In the cateogry of 24 and 36 month terms, interest will be paid in every 3 months.
If money is withdrawn prior to the 3 months period , the interest will not be paid. If the money is withdrawn after the 3 months period but before maturity, normal savings rate (at the day of account opening) will be applied together with deduction on withholding tax .
- Other fees are applied in accordance with bank notifications on service fees, fines related to deposits, credit facilities and other bank fees.
Documents Required for Account Opening
Individuals
- A copy of a citizen ID card or an ID card with a photograph issued by a government agency.
Juristic Persons
- A copy of a citizen ID card and a copy of house registration of authorized signatory.
- A copy of Company's Memorandum of Association.
- A copy of Trade Registration Certificate.
- A minute of meeting related to account opening in Baht currency together with applicable conditions.
- Samples of signatures of authorized signatories as stated in certificate of deposit.
