- A special arrangement under which the interest can be withdrawn daily based on the outstanding balance at the end of each day.
- An annual interest rate of 6% per annum for 10 million MMK and above and 4% per annum for 10 million MMK under will be offered to those accounts. The interests will be calculated on a daily basis and deposited to respective accounts at the end of respective quarters – June, September, December and March.
Opening of Accounts
Accounts can be opened either individually or jointly by two or more account holders under the name of companies / organizations.
Account can be opened with a minimum amount of K10,000. There is no limit in terms of the amount that can be deposited.
For individual account, the applicant shall satisfy the following conditions.
A Myanmar citizen;
18 years old;
Present the National Registration Card.
For companies / organizations account, the following documents shall be provided.
Articles of association and memorandum of associations;
Certificate of company incorporation;
Business permit licenses;
Board of directors list;
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.
Those who want to withdraw shall bring the National Registration Card. Withdrawals can be done in person or by an authorized person.