Tax Free Account

Benefits and Highlights

• Deposit interest is exempt from tax according to the Revenue Department's criteria.
• A high fixed interest rate is paid throughout the deposit period of 24 or 36 months.
• Savings can be made regularly in equal monthly amounts, with a minimum deposit of just 1,000 Baht per month.
• Deposits can be made conveniently and free of charge at over 1,400 Thailand Post offices.
• Clients can apply to receive the statement via email, free of charge.

Terms of Service

• This account is for individual depositors, and each depositor can open only one account.
• For the 24-month Tax-Free Account, the deposit amount ranges from 1,000 to 25,000 Baht, with the same amount deposited each month as when the account is first opened. The total deposit amount at maturity must not exceed 600,000 Baht.
• For the 36-month Tax-Free Account, the deposit amount ranges from 1,000 to 16,500 Baht, with the same amount deposited each month as when the account is first opened. The total deposit amount at maturity must not exceed 600,000 Baht.
• The interest rate is fixed throughout the deposit period, and the Bank pays interest when the selected deposit period matures.

Interest Payment

• The Bank will pay interest when each deposit matures.
• In the event that the deposit has reached its maturity date or the deposit period has ended, and the depositor has not yet withdrawn or closed the account, the Bank will pay interest at the savings deposit rate for the deposit period, calculated from the maturity date until the date the depositor closes the account, along with withholding tax on the interest received. However, account closure can only be done at the branch where the account was opened, and the closure must be done in person.
• If the account is closed before completing a deposit period of 3 months, no interest will be paid.
• If the account is closed after 3 months or more, the Bank will pay savings interest according to its announcement, based on the actual deposit period, and withholding tax will be applied.
• If there are no more than two missed deposits, whether consecutive or non-consecutive, and the client continues to deposit for 24 or 36 months (based on the selected deposit period), it will not be considered a breach of conditions. The Bank will provide a tax-free deposit interest rate, exempt from tax.
• If there are more than two missed deposits, whether consecutive or non-consecutive, and the client continues to deposit for 24 or 36 months (based on the selected deposit period). The Bank will provide a tax-free deposit interest rate, after deduction of withholding tax.
• Tax-free deposit interest rates are in accordance with the Bank's announced interest rates.

บุคคลธรรมดา

• National ID card

Remark :

1. Closing an account: Accounts can only be closed in person at the branch where the account was opened.
2. The Bank reserves the right to amend the conditions in accordance with its announcements.
3. Deposit interest rates, fees, and other services are subject to the Bank's announcements.
4. The deposit is protected by the Deposit Protection Agency, up to the amount specified by law.