• Business Banking
  • Cash Management
  • Internal Draft & Cheque Purchase (IDCP)

Internal Draft & Cheque Purchase (IDCP)

  • The Cooperative bank provides its customers, holding current accounts and savings accounts, with special services called internal draft and cheque purchase business at some discount rates.
  • Entries into the respective accounts are made all at once.

Internal draft and cheque purchase

  • The Cooperative bank provides its customers, holding current accounts and savings accounts, with special services called internal draft and cheque purchase business at some discount rates.
  • Entries into the respective accounts are made all at once.
  • The accounts in the relevant bank’s cheque-owners must have sufficient cash balance.
  • Discount rate for MMK 100 is 0.5 pyar in office – opening days and 10 pyar for office – closed days in between.