Taking care and managing cash for personal or family expenses for retirement is a must for each individual or family. PRASAC offers Retirement Account for companies, enterprises, national and international organizations to provide convenience and motivation to their employees.
|Annual Interest Rate||8.50% (KHR) / 7.00% (USD)|
|Minimum Initial Deposit||Not required|
|Terms||From 1 to 5 years|
|Passbook||KHR 12,000 or USD 3 or THB 120|
|Interest Computation||Interest is accrued daily and paid at the end of the year.|
|Deposit/Withdrawal||According to the agreement|
|Penalty for premature closure / account redemption or withdrawal||
|Interest rate for premature closure / account redemption or withdrawal before agreement end or before retirement age||Interest rate is offered according to the standard interest rate of Retirement Account and automatically calculation based on actual term (number of days) of depositing.|
Account opening requirements
- Any persons (Khmer or Expatriate) whose age from 18 years old
- A customer has to provide an original copy of valid identification document
- Related documents of institution, company, school, or government entity
- Customer has to have legal income generating activities, no crime convictions or others crimes.