Baiduri 2020 Certificate of Deposit Series 1

Baiduri 2020 Certificate of Deposit Series 1 (“this Offer”) Terms and Conditions:

1. Term
 
1.1 This Offer begins on 20 January and ends on 20 February 2020 or upon full subscription, whichever is earlier (the “Offer Period”).
1.2 This Offer is open to all new and existing retail and corporate customers of Baiduri Bank (“Eligible Customers”).
2. The Offer
2.1 An Eligible Customer will be entitled to the interest rates as below by making a minimum placement of BND1,000 fresh funds into Baiduri 2020 Certificate of Deposit Series 1.

Baiduri 2020 Certificate of Deposit Series 1
Currency: Brunei Dollar (BND)
Tenor: 1 year
Fixed Interest Rate: 1.38% per annum
Value date: 21 February 2020
Maturity date: 21 February 2021
Offer Date: 20 January 2020
Offer End Date: 20 February 2020 or Upon full subscription

2.2 Fresh fund refers to funds not originating from any existing account with Baiduri Bank or Baiduri Finance and funds that are not withdrawn and redeposited within the last 30 days.
2.3 An Eligible Customer may make multiple placements during the Offer Period.
2.4 A handling fee of BND20 and a penalty of 1% on the principal amount will be charged for any pre- mature upliftment and any interest accrued will be forfeited.
3. General
3.1 This Offer is governed by Baiduri Bank’s terms and conditions on the Certificates of Deposit, the corresponding Annexures and any other documents forming the agreement to transact.
3.2 Baiduri Bank may, at any time and without prior notice or liability to any party, suspend or terminate the Offer or vary these terms and conditions.
3.3 Baiduri Bank reserves the right to determine at its sole and absolute discretion all matters arising out of or in connection with the Offer. Its determination of all matters relating to this Promotion shall be final and conclusive and no correspondence will be entertained.