Passbook Savings Account is a traditional type of savings account which comes with a physical passbook to record your savings balance.
- Can be opened as personal account for SMEs which are not listed as companies
- Make cash withdrawals and fund transfer at any branches nationwide
- Deposit money to your account even on weekends through our CRM machines or CB Easi Mobile Agents
- Deposit with cash, cheque, payment order and fund transfer
- Access your account 24/7 through Mobile Banking or Internet Banking
Interest rate – 8 % 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
| Minimum initial deposit | : | 1,000 MMK |
| Minimum balance | : | 1,000 MMK |
| Eligibility | : | Business must be registered and based in Myanmar. For SMEs which are not registered as companies, they can open personal account |
- Memorandum of Association and Article of Association
- Company registration certificate
- Business licenses
- List and names of board of directors
- Board of directors meeting minutes 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 requirements may apply
Please visit your nearest CB Bank branch with the above required documents or CB Bank Head Office at UFC for more information or contact your relationship manager.
1,000 MMK.
Yes. You can link this account to your mobile or internet banking. However, companies can only register for Business Internet Banking.
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.
You can deposit Cash? into your account as follows:
- CB Bank branches Cheques
- Payment orders
- Fund transfer
- Clearing and collection
- CRMs machine
- CB Bank Easi Mobile Agents.
Interest is calculated on a monthly basis, based on the lowest credit balance. The interest amount will be credited to your account at the end of every three months.
The Account Holder can make withdrawal at any branch with your NRC Card.
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.
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.