• A special arrangement under which the interest can be withdrawn daily based on the outstanding balance at the end of a day.
  • An annual interest rate of 6% per annum for any amount will be offered to those accounts.
    The interests will be credited to respective accounts at the end of respective quarters –
    June, September, December and March with interests being calculated on a daily basis.

Opening of Accounts

Accounts can be opened either individually or jointly by two and above or in group under the name of companies / organizations.

Account can be opened with a minimum amount of K10,000.
Ceiling amount of deposit is not limited.

Requirements

In the event of an individual account, the applicant shall

be a Myanmar citizen;
have completed the age of 18; and
bring the citizenship scrutiny certificate.

In the event of companies / organizations, they shall produce

articles of association and memorandum of associations;
company registration;
business permit licenses;
list of board of directors;
the meeting minutes of the board of directors mentioning the decision to open a bank account;
the name of the drawing officers on behalf of their companies, their specimen signatures and their companies’ round seals.

Withdrawal

Withdrawal requires the drawing officer(s) to bring along the citizenship scrutiny certificate. Money can be drawn by either the authorized person or his representative.

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