[Korea Jeongseon financial newspaper reporters] are prepared to increase the bass savings products join lump sum limit, lower interest rates will be reorganized into the formula.
Financial Services Commission has passed such information to the State Council, the bass Enforcement Decree of the lump sum provided 'said amendment 21.
1976 Bass introduced a lump sum provided savings is a policy instrument to help save for a period of time when the wealth formation of farmers and fishermen pay interest to encourage government funding.
This reform is key to expanding coverage and lowering the prime rate subscription. Savings limit is stand there and point out that excessive subsidy, while Riga on May 12, just won (low income is 10 million).
The low-income rate is 6.0% Subscriber encourage (maturity 3 years) ~9.6% (maturity 5 years), general subscribers was 1.5% (maturity 3 years) to 2.5% (maturity 5 years). This can be applied to the unit or cooperatives up to 10% interest rate plus the interest rate to encourage basic interest rate to farmers and fishermen in Fisheries magazine said in filial goods.
With this reform the government has increased the bass savings provided lump sum payment to a monthly limit of $ 200. Also encouraging, reflecting the low interest rate situation had to adjust to low-income 3.0~4.8%, general subscribers 0.9~1.5%.
If the subscriber is migrating to foreign savings, but pay the same interest rate and maturity encouraging future interest rates it is eliminated these benefits.
Financial Services Commission fear through the Official Journal published after the procedure is planned to be implemented immediately, on March 2 next month.
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