What is Sacombank savings book withdrawal?
Withdrawing a savings book is when the savings book deposit term has expired and you have to go to the bank to withdraw the book or when you need money, you can also go to the bank to close the savings book before maturity.
Withdrawal of savings book can be done at any branch of Sacombank. Each form of withdrawal will have different implementation method:
Sacombank savings book settlement
Withdraw money on time
On-time settlement means your savings book has expired the deposit term you have chosen. At this time, you can go to Sacombank branches/transaction offices to get the principal and interest on time.
If the settlement period is overdue, the bank will automatically extend the deposit term corresponding to the original registered term. The principal and interest of the previous deposit term will be added to be deposited back at the bank.
Illustration photo: Sacombank
Early withdrawal
When there is a need to withdraw a savings book before maturity, customers must notify the bank in advance so that the bank can prepare the amount. Accordingly, when withdrawing before maturity, customers will be charged interest by Sacombank as follows:
If deposit period is less than 7 days: 0% interest rate
Withdrawal after 7 days: Enjoy the lowest interest rate according to the non-term deposit interest rate at the time of withdrawal.
Early withdrawal within the renewal period: Interest rate received is the lowest non-term interest rate.
Thus, when withdrawing money from Sacombank savings book before maturity, you will not receive much interest compared to withdrawing on time. Therefore, customers should pay attention, if not really necessary, you should not withdraw money.
Closing savings book coincides with holidays
In case the settlement date falls on a holiday or a public holiday as prescribed by law, the customer can postpone the settlement to the latest working day of the bank. Interest will still be calculated for the customer on those holidays or public holidays.
Sacombank savings book closing procedure
When closing a savings book at the transaction counter, customers need to prepare the following documents:
Savings book.
Identification documents of the customer or all customers (for joint savings deposits). In case of payment of savings deposits through the Legal Representative, the Legal Representative must present documents proving legal representative status by his/her identification documents and those of the book owner.
Submit the savings deposit receipt with the signature matching the sample signature registered at Sacombank. The bank staff will compare the sample signature on the withdrawal receipt to ensure the information stored at the bank is correct.
Minh Huong (synthesis)
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