Regulatory Alerts2005-12-30
Added · Updated
Directions for Displaying Interest Rate by Financial Institutions
Financial institutions must post single interest rates for New Taiwan dollar deposits and loans, with rates for time deposits determined by deposit amount and rates for demand deposits calculated monthly based on average daily balance. Institutions may offer tiered or differentiated rates based on customer type or deposit nature, provided they file a written report with the Central Bank of China. Changes to posted interest rates require notification to the Central Bank of China, and these rules also apply to investment and trust companies accepting discretionary trust funds.
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