CB Bank Call Deposit Account allows you to earn interest on your account’s day-end balance.
Features and Benefits
- Interest is calculated on your day-end balance. Interest will be deposited to your account quarterly
Rates and Fees (Subject to Changes)
Interest rate
Below 50 million - 2% p.a.
50 million and above - 4% p.a.
- No account opening 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 balance | : | 1,000 MMK |
| Eligibility | : | Business must be registered and based in Myanmar |
Required Documents
- Memorandum of Association and Article of Association
- Company registration certificate
- Business licenses
- List and names of board of directors
- Board of directors meeting records and resolutions to open the account
- Names of individuals who will make transactions for and on behalf of the company and their specimen signatures
- Company stamps
- Additional requirement may apply
Visit your nearest CB Bank branch with the above required documents or speak to your Relationship Manager.
FAQs
What is call deposit?
Call Deposit allow you to receive your interest on your account’s day-end balance.
How can I make deposit?
There are many ways that you can deposit to your account.
- CB Bank branches
- Cheques
- Payment orders
- Fund transfer
- Clearing and collection
- CB Bank Mobile Agents.
How is the interest calculated?
Interest is calculated on day-end balance. Interest will be deposited quarterly.
Can I subscribe to Internet Banking services with this account?
Yes, you can link this account to your internet banking. However, companies can only register for Business Internet Banking.