enCASH Deposits Account

A unique Fixed Deposit account for growing funds with high interest rate of 9.25% for one year tenure with the convenience of transferred cash withdrawals.

Features

  • Minimum deposit amount 10,000 MMK
  • 1 year tenure
  • Deposits can be made with cash, other bank cheques or interbank transfer
  • Can be opened in local currency (MMK)

Benefits

  • Withdraw upfront 30% of transferred deposit
  • Combination of easy cash withdrawals and long-term savings
  • Withdraw full amount of interest in cash
  • High interest rate
  • Convenience & Security

Rate and Fees

Tenure Interest rate (p.a.)*
12 months 9.25%

Eligibility

  • Myanmar citizen age 18 or over (Sole or Joint account)
  • Sole Proprietorship/Partnership/Pvt. Limited companies registered in Myanmar

Documents Required

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)