Internal Draft / Cheque Purchase (IDCP)

Internal Draft / Cheque Purchase (IDCP)

You can sell your bank draft and cheque to CB Bank to gain quicker access to funds.

 

Features and Benefits
  • CB Bank will purchase your bank draft and cheque at a discounted rate.
  • Cash will be credited to your account
Rates and Fees

Discount rate per 100 MMK is

  • 0.5 pyar (for cheque clearing process within working days)
  • 10 pyar (for cheque clearing process with non-working days in between)
Requirements
  • Original cheque-issuers must have sufficient cash balance in their bank accounts.
  • CB current or savings account