Plan Account

Product Features:

No	Features	Description
1	Currency Type	KHR, USD
2	Term	12 months, 24 months, 36 months, 48 months and 60 months
3	Withholding Tax	6%
4	Open Plan Account	• Customer can open an individual or joint account. • Customer is required to make an initial deposit of KHR 40,000 or USD10 when opening an account.
5	Dormant of Plan Account	A Plan Account no transaction for more than 12 months (counting from the last transaction date) is considered a dormant or inactive account, but interest will still accrue
6	Deposit into Plan Account	Deposit through LOLC office counter and Mobile banking
7	Pre-closure of Plan Account	• Pre closure of Plan Account, the interest rate of Saving Account is offered (Savings Standard Rate) count from the opening date till the date of pre closure of account. • Pre closure of Plan Account within one month after opening date, the customer must pay a service fee of $10.

Interest Rate:

Term	First Year	Second Year	Third Year	Fourth Year	Fifth Year
Interest Rate	5.25%	5.50%	5.75%	6%	6.25%

Note: To receive an increasing interest rate every year, customers must deposit money into the Plan Account for 12 months consecutively.

Required documents: A valid National Identity Card or Passport. For Foreigner, additional documentation is required to confirm resident status.
- This account is available only to resident customers.
Customers may open either an individual account or a joint account (applicable to both existing and new customers).
A minimum initial deposit of 40,000 Riel or 10 USD is required when opening the account.
There is no fee for reactivating dormant or inactive accounts.