Personal / Deposits / Fixed Deposit
Fixed Deposit
Make your money work hard for you and know exactly what you take in. Choose an appropriate Fixed Deposit product as per your desire, terms of Fixed Deposit ranges from 30 days to 1 year with competitive rates.
Features
- Can start saving from 100,000 MMK.
- Interest is paid on the maturity date.
- Can choose the convenient period terms.
- Individual or Joint account can be opened.
- Passbook available.
INTEREST RATES AND PERIODS
| Terms | Rate p.a. |
|---|---|
| 30 days Fixed Deposit | 6.50 % p.a |
| 60 days Fixed Deposit | 6.50 % p.a |
| 90 days Fixed Deposit | 6.75% p.a |
| 120 days Fixed Deposit | 6.75% p.a |
| 150 days Fixed Deposit | 6.75% p.a |
| 180 days Fixed Deposit | 7.00 % p.a |
| 210 days Fixed Deposit | 7.00 % p.a |
| 240 days Fixed Deposit | 7.00 % p.a |
| 270 days Fixed Deposit | 7.00 % p.a |
| 300 days Fixed Deposit | 7.00 % p.a |
| 330 days Fixed Deposit | 7.00 % p.a |
| 1 year Fixed Deposit | 7.25 % p.a |
Requirements
- Copy of NRC.
- Myanmar citizen with age of 18 years and above.
- Email ID and mobile / contact number.
- If you would like to save money for your children, you can open Fixed Deposit as joint account with your children. (Child birth certificate and Parent/Guardian’s NRC)
Benefits
- Extremely safe and guaranteed returns.
- Fixed Deposit may be pledged to the bank for loans (Loan against fixed deposit).
- You can choose the convenient terms as per your wish.
- You can check your account balances through mobile application, online banking.
- Option to auto-rollover of Principal + Interest or only Principal as per your instructions. Interest will be credited to your nominated account on maturity, in case of only Principal rollover.
- Interest rate will be fixed up to the maturity, even there is reduction in market interest rate.
How to apply for your account?
You can open an account over the counter at any branch nearby you.