Tan Jai Fixed Account (with Passbook)
Details
The Tan Jai Fixed Account, with a deposit period of 12 months, offers high interest and pays interest immediately on the deposit date. The interest can be withdrawn and used right away, without having to wait until the maturity date.
Benefits and Highlights
- The interest is immediately paid on the deposit date (in case of cash deposit).
Terms of Service
- For individual depositors only (joint accounts, including accounts with “and” or “or”, are not accepted).
- The minimum amount required to open an account or renew the deposit upon maturity is 100,000 Baht, with a maximum limit of 1,500,000 Baht.
- Interest is paid immediately upon cash deposit on the account opening date or renew. A 15% withholding tax will be deducted from the interest received, in accordance with Revenue Department guidelines. (For cheque deposits, interest will be paid upon cheque clearance.)
- As for the interest, if no withdrawal or additional deposit is made after the account opening date or after renewal upon maturity, the interest will be treated as a deposit exceeding the initial account opening amount or the amount renewed upon maturity. Interest will be calculated at the savings deposit rate, with withholding tax applied (starting from the first Baht).
- Depositors can withdraw the entire surplus deposit amount but cannot withdraw any portion of the principal that earns interest on the deposit date (the initial principal at account opening or upon renewal at maturity). If a partial withdrawal reduces the principal below the account opening amount or the renewed deposit amount at maturity, the account must be closed.
- In the event of a withdrawal of principal, account closure before the maturity of the deposit period, or failure to comply with the terms and conditions of the Tan Jai Fixed Account, the Bank will pay interest at the savings deposit rate announced by the Bank on the date the terms and conditions are breached (after withholding tax) based on the deposit period. For any excess interest paid by the Bank (including withholding tax), the Bank will deduct the amount from the principal deposited. (The depositor can request a refund of the withholding tax from the Revenue Department by themselves)
- When the deposit period matures, clients must notify the Bank of their intention to either renew the deposit as a Tan Jai Fixed Account or transfer the deposit to another type of deposit account. Depositors must contact the branch where the account was opened within 1 month from the maturity date to express their decision. Interest will be calculated daily on the remaining balance in the account, based on the interest rate announced at that time. Interest will be paid on the day the depositor contacts the branch to notify their intention or on the day after the 1-month period following the maturity date. Withholding tax will be applied to the interest earned (from the first Baht).
- For a Tan Jai Fixed Account, if the depositor does not contact the branch where the account was opened within one month from the maturity date, the deposit will be automatically transferred in full to a savings account, with interest rates as announced by the Bank.
Supporting Document for Account Opening
Individual
- National ID card
Remarks:
- Closing an account: Accounts can only be closed in person at the branch where the account was opened.
- The Bank reserves the right to amend the conditions in accordance with its announcements.
- Deposit interest rates, fees, and other services are subject to the Bank's announcements.
- The deposit is protected by the Deposit Protection Agency, up to the amount specified by law.
Product Details
FAQ
Interest paid is subjected to deduct withholding tax in accordance with the applicable law and regulations of the Revenue Department.
The Bank will not automatically renew the account; however, there is a one month holding period after the maturity date. Customers should contact the branch where the account was opened in person to renew the account or change the type of deposit.
The account will be automatically transferred in full to a savings account, with interest rates as announced by the Bank. However the depositor must contact the branch where the account was opened in person to change the passbook to savingsensure that deposit and withdrawal transactions can proceed normally.
- If your account remains inactive for 1 year or more (calculated as 365 consecutive days), the account will be classified as a Dormant Account. The bank will send a notification letter to the address you provided, advising you to contact the bank to reactivate your account.
- Once your account is classified as a Dormant Account and the balance falls below 500 Baht, a monthly maintenance fee of 50 Baht will be charged. If the fee deductions reduce the balance to 0 Baht, the bank reserves the right to automatically close the account.
(1) Account holder should be contact branch where account was opened in person to change passbook and request to reactive account
(2) If you already change to savings account passbook, you can request to reactive account with all branch.
(3) Proxy case,you can request to reactive account only the branch where the account was opened. However, account holder shoulde be done for (1)
Required documents:
1 National ID card
2 Savings account passbook
You can request withholding tax information from deposit interest or a withholding tax certificate
in person at the branch where the account was opened (authorization is not allowed).
- Notify 1 day in advance before 3:30 PM.
Change of personal information should be proceeded in person, authorization is not allowed.
- Change of Name -Surname; You can request to change your information in person at the branch where the account was opened.
Requested document- National ID card
- Certificate of First Name - Surname Change
- Deposit account passbook
- For other cases, such as phone number, address, or email address, you can request to change your information in person at any branch.
Requested document- National ID card
- Deposit account passbook
The account holder must contact the branch where the account was opened in person. (Authorization is not allowed.)
Required documents:
01 National ID card
02 Police report (an online police report is acceptable)
Estate Administrator must be process at the branch where the account was opened in person. Authorization is not allowed.
Required documents:
01 Court Order Appointing the Estate Administrator
02 Certificate of Case Finalization
03 Death Certificate of the Deceased
04 Deposit Account Passbook
05 National ID Card of the Estate Administrator
06 National ID Card of the Deceased
07 Household Registration Document of the Estate Administrator
08 Household Registration Document of the Deceased
The guardian appointed by the court must be process at the branch where the account was opened in person. Authorization is not allowed.
Required documents:
01 Court Order Appointing the Guardian (for the individual declared legally incompetent by the court)
02 National ID Card of the Guardian
03 Household Registration of the Guardian
04 National ID Card of the Legally Incompetent Individual
05 Household Registration of the Legally Incompetent Individual
06 Deposit Account Passbook
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