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Corporate Time Deposit

Overview
The Corporate Time Deposit is a deposit with a fixed term and interest rate agreed upon between ABC and the depositor. The principal and interest of the deposit is withdrawn upon expiration.

Features
Principal and interest of the deposit will be withdrawn in a lump sum upon expiration of the fixed term or earlier. Relatively higher interest rate creates more interest income for the depositor, exempt from interest income tax.

Procedures
1. The depositor completes the Account Opening Application Form and provides required certificates or documents.
2. The depositor provides the authorized seal card, including financial seal, legal representative seal (or chief officer's seal), subject to review and consent by ABC.

Note: Please contact your local branch for detailed information about the service.

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