Corporate Accounts

Here at AGD, we offer a wide range of corporate accounts tailored to your business requirements, including current, savings, special (call) and fixed and happy fixed deposit accounts.

Current Account

Savings Account

Special (Call) Account

Fixed, Maxima Deposits and Maxi-Cash Account

Current Account

A business current account is a simple and efficient banking solution that allows you to effectively manage your business finances.

With an initial deposit of 1,000 Kyats which is the required minimum balance of the account, you will receive a complimentary AGD Card Account and a free MPU Debit Card.

AGD account to account transfer, Remittance charges will not be free for all products except AGD pay and SMS charges 25 Kyat will be collected. For the Remittance via bank, Remittance charges 0.05% and SMS charges 25 Kyats will be collected.

Eligibility 
  • Foreign nationals residing in Myanmar having a valid visa
  • Sole Proprietorship / Partnership / Pvt. Limited Companies registered in Myanmar
Documents required
 
Company:

For Sole Proprietorship / Partnership

  • Identification documents (NRC/Passport) of the beneficial owners
  • Business License
Company Limited
  • Company registration documents
  • Form E, Form 6, Form 26
  • Identification documents (NRC / Passport) of the beneficial owners
  • Memorandum of Association / Article of Association (in case of Pvt. Ltd) 
  • Bank Account Application Letter with Company Letter Head
  • Meeting Minutes with Company Letter Head
  • QA 22 Form (if foreigners are included in the account operation)

 

Savings Account

Grow your savings without limiting your cash flow with our AGD Business Savings Account, which gives you access to a range of banking conveniences. 

You can save whatever and whenever you want and earn up to 6% interest per annum, and you can withdraw any amount every 3 months.

With an initial deposit and balance of just 1,000 Kyats and, if you keep a balance of at least 1,000 Kyats, you get a personal debit card. This allows you easy and instant access to your money, either at an ATM or by using it to buy or pay for services online. 

AGD account to account transfer, Remittance charges will be free and SMS charges 25 Kyaut will be collected. For the Remittance via bank,  Remittance charges 0.05% and SMS charges 25 Kyats will be collected.

You will also have access to any of our 77 branches and benefit from 24/7 customer service 

Documents required 

For Sole Proprietorship/ Partnership

  • Identification documents (NRC / Passport) of the beneficial owners
  • Business License
Company Limited
  • Company registration documents
  • Form E, Form 6, Form 26
  • Identification documents (NRC / Passport) of the beneficial owners
  • Memorandum of Association / Article of Association (in case of Pvt. Ltd)
  • Meeting Minutes with Company Letter Head
  • Bank Account Application Letter with Company Letter Head
  • QA 22 Form (if foreigners are included in the account operation) 

Special (Call) Deposit Account
 

Features:

  • Minimum Balance of MMK 1,000
  • Initial deposit of MMK 10,000
  • Daily interest bearing account
  • Internet banking, mobile banking app services and SMS alert
  • Passbook/paper statement as and when requested and eStatement 
  • Can be opened in local currency (MMK) only

Benefits:

  • Convenience and security 
  • Interest earned on deposit calculated on daily balance 
  • Any branch banking services 

Rate and Fees

  • Interest rate - 4.5% p.a. - Above MMK 200M
  • Interest rate - 3.5% p.a. - Under  MMK 200M
  • Interest payment frequency - monthly 

 

Maxima Deposits Account
 

An ideal account for your long-term fixed income investment. Fastest way to make your money grow securely and safely, with highest unbeatable interest rates.

You can choose from a wide variety of tenures, whatever suits your needs. We then guarantee a fixed rate of return, up to an amazing 10% per annum.


Features 

  • No deposit amount limits
  • Interest bearing account
  • Can be opened in local currency (MMK) only 

Benefits

  • Security 
  • Highest interest rates
  • Automatic renewal/disposal of interest and principal as per the customer instruction 
  • Various tenures

Rates and Fees

Tenure Interest rate (p.a.)*
1 month  8.50%
3 months 9.25%
6 months 9.4%
9 months 9.4%
12 months 10%

Eligibility 

  • Myanmar citizen age 18 or over (Sole or Joint account) 
  • Sole Proprietorship / Partnership / Pvt. Limited companies registered in Myanmar 
  • Deposits can only be done by both cash, other bank cheques or interbank transfer  

Documents Required (if you do not have an account with AGD bank)

Individual  
•    NRC Copy/Passport
Company
•    Company registration documents
•    Identification documents (NRC / Passport) of the beneficial owners
•    Memorandum of Association / Article of Association (in case of Pvt. Ltd)
•    Partnership deed (in case of partnership company)

Maxi-Cash Account
 

An ideal account for saving and earning at the same time with up to an amazing 9.75% per annum.

Fastest way to enjoy monthly fixed rate of return in cash. You can choose from a wide variety of tenures, whatever suits your needs.


Features

·       Cash payouts

·       Interest bearing account

·       Can be opened in local currency (MMK) only

Benefits

·       Monthly interest withdrawal

·       High interest rates

·       Automatic renewal/disposal of interest and principal as per the customer instruction

·       Security

·       Various tenures

Rates and Fees

Tenure Interest rate (p.a.)*
1 month  8.5%
3 months 9%
6 months 9.25%
9 months 9.35%
12 months 9.75%

Eligibility

·       Myanmar citizen age 18 or over (Sole or Joint account)

·       Sole Proprietorship / Partnership / Pvt. Limited companies registered in Myanmar

·       Deposits can only be done by both cash, other bank cheques or interbank transfer 

·       Minimum deposits of MMK 10,000 

Documents Required (if you do not have an account with AGD bank)

Individual 
•    NRC Copy/Passport
Company
•    Company registration documents
•    Identification documents (NRC / Passport) of the beneficial owners
•    Memorandum of Association / Article of Association (in case of Pvt. Ltd)
•    Partnership deed (in case of partnership company)

Fixed Deposit Account

A Fixed Deposit Account is an interest-bearing account where a fixed amount is held at a fixed interest rate and is repayable (principal/interest) at a fixed future date as agreed at the time of placement of the deposit.
 

Normal Fixed Deposit Account
 
Features
  • Initial Deposit of MMK 100,000
  • Highest interest bearing account
  • Passbook/Fixed Deposit Receipt 
  • Can be opened in local currency (MMK) only
Benefits
  • Security 
  • Higher interest rate
  • Automatic renewal / disposal of interest and principal as per the customer instruction 
  • Loan against a fixed deposit (Lien)
Rate and Fees 

 

Tenure Interest rate (p.a.)*
1 month  7.25%
3 months 8.25%
6 months 8.5%
9 months 8.5%
12 months 10%

Interest payment frequency - on maturity 

For more information, write to us at services@agdbank.com, and we will get back to you.