TYM member deposit savings and make loan repayments through bank accounts

03/04/2020

TYM asked its members to deposit savings and make loan repayments through bank accounts in order to limit the direct face-to-face transactions and limit the use of cash which might increase the risk of spreading the infection of COVID-19.

Implementing Directive 16 / CT-TTg dated 31/3/2020 of the Prime Minister on the implementation of urgent measures to prevent and control COVID-19, to ensure the prevention of COVID-19 and help TYM members reduce economic pressure during the peak period of disease prevention, from April 2, 2020 to April 15, 2020 TYM has temporarily stopped collecting loan repayments and compulsory, non-term savings and installment savings.

From 16 April 2020, in order to limit social contact as well as direct cash transactions, TYM members can repay loans and deposit savings (including compulsory savings, non-term savings and periodic savings through accounts of Branches and Transaction Offices. The technical officer managing each center will discuss and give specific instructions to members for carrying out transactions through this account.

For members who do not make transactions through bank account, TYM continues to perform the collection process as usual.

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