Passbook Savings Account

Passbook Savings Account

Keep your money secure and earn interest on your saving.

FEATURES AND BENEFITS
  • Cash withdrawals and fund transfer can be made at any time at our ATMs
  • Flexibly deposit money to your account even on weekends through our CRMs or CB Mobile Agents
  • Deposit with cash, cheque, payment order and fund transfer at any branch
  • Access your account 24/7 through CB Mobile Banking
RATES AND FEES
  • Interest rate – 6% p.a.
  • No opening account fees
  • Account maintenance Fees: 1500 MMK  - If the account has had no deposit or withdrawal activity (other than posting interest) for a period of one year
REQUIREMENTS

Minimum Initial Deposit – 1,000 MMK

Minimum balance – 1,000 MMK

Eligibility – Residents of Myanmar

Required Documents
  • NRC or Passport or Driving Licenses

Visit your nearest CB Bank branch with the above required documents or come to the bank to inquire about required documents.

FAQs
What is the required minimum balance?

1,000 MMK.

Can I subscribe to Mobile or Internet Banking services with this account?

You can connect with Mobile Banking and Internet Banking. eStatement, eAlert can be subscribed by paying related fees.

If my savings passbook is lost, what should I do?

If you lose the savings passbook, please contact the CB Bank branch where you first opened the account. The bank will issue new passbook at a replacement charge of 500 MMK.

How can I make deposit?

There are many ways that you can deposit to your account.

  • CB Bank branches (Identification required)
  • Cheques
  • Payment orders
  • Fund transfer
  • Clearing and collection
  • CRMs (The best part is you can deposit anytime even on weekends)
  • CB Bank Mobile Agents
How is the interest calculated?

Interest is calculated monthly and the amount will be credited to your account at the end of every 3 months.

Where can I make withdrawal?

Customers can make withdrawal at any CB Bank branches.

Can I make withdrawal at any other CB branches than the one where I opened account?

Customers can make withdrawal at any branches but remittance fees will be charged if you withdraw in the different regions other than original account issuing region.

Can I link my savings account with standing instructions for payments?

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.