Land Bank of the Philippines

Regular Peso Time Deposit

A specific amount of funds in peso which earns interest at a pre-determined competitive rate for a fixed period of time/term with a “Certificate of Time Deposit” (CTD) as proof of deposit. This is offered to individuals and institutions with peso denominated funds which may be locked-in with the bank for at least thirty (30) days.

TARGET MARKET

Individuals

At least seven (7) years of age
Able to read and write
Not suffering from any legal disability
With credible identification

Institutional

Government Line Agencies, Government-Owned and -Controlled Corporations (GOCCs), and Local Government Units (LGUs)
Private corporations, cooperatives, partnerships, associations and other duly registered organizations

FEATURES
Minimum Placement	P1,000
Term	Minimum of 30 days and Maximum of 360 days
Interest Rate (per annum)	Based on market rates, amount and terms
Witholding Tax on Interest	20%
Pre-termination Rate/Penalty	Revert to prevailing regular savings rate
Documentation	Certificate of Time Deposit (CTD)
Documentary Stamp Tax (DST)	To be paid by the depositor upon opening/renewal
PDIC Insurance	P500,000 (Maximum deposit insurance per depositor)

CONTACT UNITS
LANDBANK Branches Nationwide
Customer Care Center	NCR-405-7000 Toll free for non-NCR- 1800-10-405-7000

BASIC REQUIREMENTS
Individuals	1. At least two (2) valid IDs such as: • New SSS/GSIS ID • Driver's License • Company ID • School ID • Passport • PRC ID • Postal ID • Marriage contract (original copy) • Credit Card of a Reputable Company • License to Carry Firearms 2. Two (2) copies of most recent 1 x 1 ID Picture 3. Tax Identification Number
Single Proprietorship	• Registration of Business Name with the Department of Trade • Original Application for Registration • Two (2) valid identification cards of signatory
Partnership	• Articles of Partnership • Certificate of Registration with the Securities and Exchange Commission • Agreement on the extent of authority of each partner • Two (2) valid identification cards of signatories
Corporation	• Articles of Incorporation • Certificate of Registration with the Securities and Exchange Commission • Corporate By-Laws • Board Resolution duly notarized incorporating the following: ○ Authority to open a bank account with LANDBANK ○ List of officers authorized to sign and the nature and extent of such authority ○ Notarized List of Officers, Board of Directors, Stockholders ○ Two (2) valid identification cards of signatories
Association or Organization	• Constitution • Association Agreement
Corporation in the Process of Incorporation	• Proposed Articles of Incorporation stating therein the name of Treasurer-in-Trust acknowledged to open an account with the Bank on behalf of the Corporation • Duly notarized Secretary's Certificate • Duly notarized Treasurer's Affidavit
Government Entities	• Charter and/or Law creating the government corporation/agency/office • Executive Order or Department Order creating the government agency • Board Resolution duly notarized incorporating the following: ○ Authority to open a bank account with LANDBANK ○ Officers authorized to sign and the nature and extent of such authority
Cooperatives	1.Certificate of Registration with the Cooperative Development Authority 2.Articles of Cooperation and By-Laws • Authority to open a bank account with LANDBANK • Designated Officers authorized to sign and the nature and extent of such authority 3. Duly notarized Board resolution incorporating the following: • Authority to open bank account with LANDBANK • Designated Officers authorized to sign and the nature and extent of such authority