New Taiwan Dollar Time Deposits. If no renewal arrangement is made prior to the maturity of a non-negotiable time deposit, the interest payable from the maturity date to the date the Depositor withdraws such deposit shall be calculated on the basis of the then prevailing interest rate for demand deposits; provided that the interest with respect to time savings deposits shall be calculated as follows:
(a) If the instruction to renew is received by the Bank (“Renewed Deposit Start Date”) on or before the date falling one (1) month after the then current maturity date of the relevant time deposit (“Original Maturity Date”), interest on the renewed time deposit shall accrue from the Original Maturity Date at the prevailing time deposit interest rate announced by the Bank on the Renewed Deposit Start Date;
(b) If such instruction is received by the Bank more than one (1) month after the Original Maturity Date, interest on the renewed time deposit shall accrue from the Renewed Deposit Start Date at the prevailing time deposit interest rate announced by the Bank on the Renewed Deposit Start Date. For the interim period between the Original Maturity Date to the Renewed Deposit Start Date, the prevailing saving deposit interest rate announced by the Bank on the Renewed Deposit Start Date shall apply; and
(c) If no instruction to renew is received by the Bank, the applicable interest rate for the period after the Original Maturity Date shall be the prevailing saving deposit interest rate announced by the Bank on the date such deposit is withdrawn by the Depositor.
New Taiwan Dollar Time Deposits. IN CASE A NON-NEGOTIABLE TIME DEPOSIT IS TERMINATED PRIOR TO ITS SCHEDULED MATURITY, THE INTEREST PAYABLE ON SUCH DEPOSIT SHALL, UNLESS SUCH INTEREST RATE CALCULATION WOULD VIOLATE THE RULES GOVERNING PLEDGE AND EARLY TERMINATION OF TIME DEPOSITS AS AMENDED FROM TIME TO TIME, BE CALCULATED AT A RATE WHICH IS 80% OF THE PREVAILING TIME DEPOSIT INTEREST RATE PRESCRIBED BY THE BANK AT THE TIME OF MAKING SUCH DEPOSIT WHICH RATE SHALL APPLY TO THE ACTUAL TENOR OF THE DEPOSIT (OR SUCH OTHER RATE AS AGREED) ; PROVIDED THAT NO INTEREST WILL ACCRUE ON DEPOSITS OF LESS THAN ONE MONTH,. A NEGOTIABLE TIME DEPOSIT MAY NOT BE TERMINATED PRIOR TO ITS SCHEDULED MATURITY AND NO INTEREST IS PAYABLE AFTER SUCH MATURITY.
New Taiwan Dollar Time Deposits. If no renewal arrangement is made prior to the maturity of a non-negotiable time deposit, the interest payable from the maturity date to the date the Depositor withdraws such deposit shall be calculated on the basis of the then prevailing interest rate for demand deposits.
New Taiwan Dollar Time Deposits in case a non-negotiable Time Deposit is terminated prior to its scheduled maturity, the interest payable on such deposit shall, unless such interest rate calculation would violate the rules governing pledge and early termination of time deposits as amended from time to time, be calculated at a rate which is 80% of the prevailing Time Deposit interest rate prescribed by the Bank at the time of making such deposit (or such other rate as agreed) which rate shall apply to the actual tenor of the deposit ; provided that no interest will accrue on deposits of less than one month. A negotiable Time Deposit may not be terminated prior to its scheduled maturity and no interest is payable after such maturity.
New Taiwan Dollar Time Deposits. IN CASE A NON-NEGOTIABLE TIME DEPOSIT IS TERMINATED PRIOR TO ITS SCHEDULED MATURITY, THE INTEREST PAYABLE ON SUCH DEPOSIT SHALL, UNLESS SUCH INTEREST RATE CALCULATION WOULD VIOLATE THE RULES GOVERNING PLEDGE AND EARLY TERMINATION OF TIME DEPOSITS AS AMENDED FROM TIME TO TIME, BE CALCULATED AT A RATE WHICH IS 80% OF THE PREVAILING TIME DEPOSIT INTEREST RATE PRESCRIBED BY THE BANK AT THE TIME OF MAKING SUCH DEPOSIT WHICH RATE SHALL APPLY TO THE ACTUAL TENOR OF THE DEPOSIT (OR SUCH OTHER RATE AS AGREED); PROVIDED THAT NO INTEREST WILL ACCRUE ON DEPOSITS OF LESS THAN ONE MONTH. A NEGOTIABLE TIME DEPOSIT
