Individual Retirement Account
To make a contribution to the economic development in Laos and reduce risks related to funds own keeping, the retirement account is for the public want to save money and growth till your old age. The bank serves you to be responsible for maintaining, administering, and arranging the funds deposited into the account by the account holder or third party for their needs.
BENEFITS
High secure and high personal advantage after retirement, interest rate is higher than Saving Account. Well prepared for a better standard of living after retirement. Opportunity to use other products or services of Canadia Bank Lao Ltd.. The interests are daily accrued and monthly credit to the account. Be eligible to make withdrawal on demand after reaching retirement age, which is related to labor law of Lao PDR.
FEATURE
- Available in LAK or USD
- Enjoy with higher interest rate.
- Interest calculated daily and credited into your account every month.
- Free Passbook for your transaction records.
- Money you saved is held for your personal advantage until age 60.
| CURRENCIES | LAK | THB | USD |
| More than 12 months up, Interest rate (Yearly) | 5.59% | N/A | 4.00% |
CONDITIONS
- Available for individual age between 18 years to 60 years.
- This account will be matured when the account holder reach the age of 60 years or inactive before age of 60 years.
- Initial minimum deposit of LAK 100,000 or USD 10.
REQUIRED DOCUMENTS
- Lao customer (Citizen): ID card, family book, passport (Valid≥06 months);
- Foreigner: passport (Valid≥06 months), visa, stay permit, work permit;
- Lao or foreigner not residing in Laos: passport (Valid≥06 months) and open jointly account with a party residing in Laos.
