Rights of depositors

The rights of depositors are stipulated in Article 24 of the Regulations on savings deposits issued by the Governor of the State Bank together with Decision 1160/2004/QD-NHNN as follows:

1. Depositors are paid full principal and interest on savings deposits according to the agreement with the savings deposit receiving organization.

2. The depositor is the owner of the savings deposit or co-owner of the savings deposit and is entitled to transfer ownership of the savings card, to bequeath the savings deposit, and to authorize another person to carry out savings deposit withdrawal transactions in accordance with the provisions of law.

3. Depositors who are owners of savings deposits or co-owners of savings deposits may mortgage their savings cards to borrow capital from credit institutions if approved by such credit institutions.

4. The depositor is the guardian or legal representative who is entitled to carry out transactions related to savings deposits according to the provisions of this Regulation and the provisions of relevant legal documents.

Notes when depositing savings

When deciding to deposit savings, choosing a reputable bank is the first and most important thing. A reputable, stable bank will help you feel more secure about your deposit. In addition, you should spend time carefully learning about the savings products that the bank provides. Each product will have its own characteristics in terms of interest rates, terms, conditions for early withdrawal, and accompanying service fees. Read the contract carefully before signing to make sure you understand all terms.

Keeping your personal information and account secure is extremely important. You should set a strong password for your bank account and never share this information with anyone. At the same time, keep your savings book or ATM card carefully to avoid loss or counterfeiting. In addition, you need to regularly check your account balance and transactions to detect early signs of abnormalities.

Another thing you should not ignore is deposit insurance. This is a form of protection for your deposits in case the bank is in trouble. However, each country will have different regulations on insurance limits and insured objects. Therefore, you need to carefully study the deposit insurance policy of the bank and the country you live in.

Finally, to maximize profits and minimize risks, you should diversify your savings. Instead of just depositing money in one bank, you can consider investing in other channels such as gold, stocks, or other investment products. However, before making any investment decisions, you should consult with financial experts to have the most suitable options.

In short, saving money is a safe and effective form of saving. However, to ensure your rights, you need to pay attention to issues such as choosing a reputable bank, understanding the products, keeping information secure and monitoring your account regularly.

Cong Hieu (synthesis)

Source: https://vtcnews.vn/quyen-cua-nguoi-gui-tien-tiet-kiem-ar902154.html