Frequently Asked Questions
Social Investor Term Deposit is a term deposit product targeting at those who are passionate in helping the poor, particularly towards the well-being of children. You can reach your social goal while maintaining your financial target by depositing with VisionFund Cambodia. In due course, your money will be lent back to the community to start or grow their businesses. VisionFund Cambodia will manage your money safely and effectively.
Placing your deposit with VisionFund Cambodia, you will enjoy benefits as below listed:
- For Cambodian, must have any of the documents below:
- For Foreigner living outside Cambodia, must have the following documents:
must have the following documents:
Note: Those aged less than 18 years old are also allowed for account opening with VisionFund Cambodia; however, they are not allowed to personally operate the account. In such case, their parents or guardians aged over 18 years old operate the account on their behalf based on the power and authority as stated and instructed in specimen form.
By having Social Investor Term Deposit with VisionFund Cambodia, you will receive a Certificate of Deposit as a proof that your money is deposited in a specific account for a particular period of time.
Yes, you can choose to hold an account personally or open a joint account consisting of account holders up to a maximum of three people.
You can place your deposit with VisionFund Cambodia at various terms at your choice; deposit term can be 1, 3, 6, 9, 12, 18, and 24 months. The longer term you place your deposit, the higher interest rate you will get.
Sure, you can open more than one account with VisionFund Cambodia.
You can open account either in Local currency (KHR) or US dollar (USD).
Your interest earning is subject to withholding tax based on a specific prevailing rate determined by General Department of Taxation, Ministry of Economy and Finance, Royal Government of Cambodia from time to time. Currently, withholding tax of six percent (6%) is applied on resident customers and fourteen percent (14%) on non-resident customers. Therefore, only net-off amount after tax is paid out.
You can withdraw your deposit for both principal and interest after maturity date of a contract. No additional interest will be earned after maturity date of a Social Investor Term Deposit unless you choose the option for contract (automatic) roll-over.
VisionFund Cambodia offers choices for contract roll-over; therefore depositors can renew their deposits for a further term upon request. Two options for contract roll-over are available:
Roll-over options are listed on the Account Opening Application Form for depositors to select upon their preference at the time of opening the account.
Yes, you can. Please visit VisionFund’s office during service hour and inform to our staff accordingly. VisionFund’s staff will adjust your contract status to automatic roll-over contract upon your request.
Kindly visit VisionFund’s office during service hour and notify VisionFund Cambodia. VisionFund will create new contract for you to extend deposit with us. No interest will be earned after maturity date and before receiving your formal notification to extend your deposit. Your deposit will begin to earn interest only after your notification to extend your deposit has been received by VisionFund.
Normally, cash withdrawal can be done after maturity date of a contract. Anyway, in case you wish to have premature withdrawal, you need to notify VisionFund Cambodia at least one (1) working day before such withdrawal. In this case, you will get only 20% of actual net accrued interest.
Furthermore, premature withdrawal within two weeks (15 days) counting from account opening date is subject to an administrative charge determined by VisionFund Cambodia from time to time.
You can decide to add or remove additional authorized signatories to/from your account from time to time by giving formal notice to VisionFund Cambodia. You need to fill in New Specimen Requisition Form attached with the new specimen signature(s). For corporate account, an additional document of the company resolution is required.
If the certificate of deposit is lost or damaged, you are required to immediately notify VisionFund Cambodia and requisite for a new one .You are totally responsible for any liability that may occur prior to such notice. In this case, you need to pay an administrative fee determined by VisionFund Cambodia.
Kindly bring your identification document together with Certificate of Deposit with you whenever you need to do any transactions on your account.
Account Statement or Account Balance Confirmation is offered upon request; however, you need to pay for an administrative fee determined by VisionFund Cambodia.
For those who reside abroad, please visit our website at www.visionfund.com.kh/product/savings/Social-Investor-Term-Deposit and download application forms. Fill the forms, scan and send it to VisionFund Cambodia via e-mail. You shall then be contacted by our Officer for further instructions.
You can transfer your money to our bank account upon request and we will take it as effective after we have received your money and you will be responsible for any bank/fee charges.
Currently, VisionFund Cambodia offers savings service at Head Office only. Therefore, if you would like to operate your account, kindly visit our Head office at address as mentioned below. VisionFund Cambodia plans to extend our savings service to our operation areas at provincial/town in the near future.
For more details, please kindly contact VisionFund Cambodia through (855) 12 222 024/ 23 6555 014 or directly visit our office at # 20, Street 71, Sangkat Tonle Bassac, Khan Chamkarmorn, Phnom, Penh, Cambodia.
Note: The above FAQ is merely for purpose of general information only and not to be construed as any form of contract or commitment on the part of VisionFund Cambodia.