Interest is calculated based on the deposit amount at the tenure so selected and the interest will be credited into Account Holder’s account at maturity. Should the Fixed Deposit be withdrawn by the account holder prematurely (before the maturity date), the bank shall reserve the right as to the payment of such interest as per the bank’s prevailing policy.
FAQ
If the Account Holder has lost the deposit certificate, the Account Holder can approach the bank’s Head Office or the branch where the account was first opened for replacement of the certificate. The bank will charge 1,000 MMK for issuing duplicate certificate.
The Account Holder has to visit the bank’s Head Office or Branches and give instruction to extend. CB Bank will issue a new certificate for extension.
At maturity date, the deposit will be transferred to the Account Holder’s bank account at his instruction. However, the Account Holder can make new placement by transferring the amount from the account to place as fixed deposit. The Account Holder can also give standing instruction to auto-extend the deposit for another fixed period.
At maturity date, the deposit amount will be transferred to the Account Holder’s bank account at his/her instruction. Account holder can then make withdrawal as usual from the Account Holder’s bank account.
Only Account Holder is allowed to make a withdrawal at the maturity date of deposit.
Yes, savings account can be opened as Individuals, Businesses, and Associations.
Fixed deposit is a term deposit which provides a higher rate of interest than a regular savings account, at the given maturity date. The bank will issue the fixed deposit certificate with maturity date.
Yes, you can link with standing instructions for regular payments (E.g. life insurance, share premium, bill payments) and buying stocks or shares, foreign currency and investment.
You can make withdrawal at any branches within the same region without charges, but additional fees may apply if you withdraw in different regions other than the original region where your account was opened.