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Features |
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Time Deposit offers you a wide selection of Deposit Period up to 60 months and enables you to choose interest bearing type: getting a monthly interest or lump-sum interest at maturity. |
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No limitation (Bearer Account Opening Available) |
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More than KRW 10,000 at minimum, No limitation on Maximum amount. |
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1 month up to 60 months (monthly and daily basis) |
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Tax Benefits Condition For residents only |
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(In case of residents), Deposit period should be longer than a year and the period from the date of opening the account to the termination should also be more than a year. |
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Limit depending on a total amount regardless of trading financial institutions or deposit types. |
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Deposit limit: KRW 40,000,000 per person (KRW 60,000,000 for the disabled and elderly people, KRW 15,000,000 for minors) |
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Elderly person: 60 or older for male and 55 or older for female |
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10.5% (as of Jan. 1, 2002)
(Income Tax: 10%, Special Tax for Rural Development 0.5%) |
| ¡Ø This product is protected by the Depositor Protection Act. |
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e-banking customers may open the account immediately if they have opened Yes Internet Bankbook. |
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