Taweesup Special Fixed Deposit Account
Deposit a fixed amount of money monthly for 24 months.
Tax exemption on the interest earned after the deposit period is completed, conditions set by the bank
Choose fixed amount
The amount will be debited from your savings or current account to your Taweesup account on the 5th of each month.
It is calculated from the following formula:
Earned interest = Principle x (Interest rate/100) x (Actual deposit period/365)
Deposits can be made every day at
every branch, or customers can subscribe to automatic deposit service via a
savings deposit account or
current deposit account whereby the bank will deduct funds every fifth day of the month. In case you have insufficient funds in the accounts, the bank will deduct funds on the tenth, fifteenth, twentieth, twenty-fifth or the last day of the month.
Taweesup special fixed deposit accounts can be closed at
any branch, there is no need to close at the branch where the account was opened.
If deposits are missed 1 or 2 times, you will earn the Taweesup interest rate and enjoy tax exemption. The interest is calculated from the principle amount deposited within 24 months.
If deposits are missed for the third time, the bank will not accept Taweesup deposits for the remaining periods; you will get the savings interest rate and withholding tax will be applied. The savings interest rate and withholding tax is calculated from the principle amount deposited within 24 months.
The deposit due date starts from the account opening date (date-to-date) for 24 months. For example, if a Taweesup savings account is opened on May 1, 2016, the due date for the 24th month will be May 1, 2018.