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  • Wedding Deposit Account

Wedding Deposit Account

  • Initial deposit is MMK 1,000,000 and above.
  • Minimum of 1 year deposit can be hold.
  • 10% interest rate will be calculated on monthly.

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1. Opening Wedding Deposit Account

  • 1.1 Newly weds, both man and wife, or either man or wife must come in person to the bank.
  • 1.2 National identity cards of both man and wife or any supporting evidence must be brought to the bank.
  • 1.3 With one million kyats at a time, any amount of cash, with no limit on the amount and frequency, may be repeatedly deposited in the newly weds deposit account.
  • 1.4 Whenever there is a change in address, telephone number, the bank must be informed accordingly.
  • 1.5 Deposit must be made at least for a period of one year.

2. Advantages of Wedding Deposit

  • 2.1 Certificate of newly weds deposits can be hold (1) year.
  • 2.2 Certificate of newly weds deposit will be issued to the depositors (newly weds) by name.
  • 2.3 Certificate of newly weds deposit is not transferable.
  • 2.4 When withdrawing cash, the certificate must be signed on the back of it and presented to the bank.
  • 2.5 If certificate is lost, the bank will make service charges kyats one thousand for issuing a copy certificate.
  • 2.6 Charges Fees MMK 1,000 will be collect for issuing a copy certificate.
  • 2.7 If kyats one million and above are deposited with the bank, the bank will not only pay interest at the rate of ten a year but also will give minimum amount of cash MMK (20,000) to maximum MMK (100,000) as a present.

3. How to get the interest

  • 3.1 Minimum Initial Deposit - MMK 1,000,000 and above
  • 3.2 Available Tenors - Minimum 1 year
  • 3.3 Interest - 10% per year
    After maturity, the interest will not be calculated for the deposit.
  • 3.4 Interest rate can be changed from time to time.

If you withdraw before one year, bank will calculate interest with 8% interest rate. If you deposit for one year, you will be paid the normal inter plus from minimum amount of MMK 20,000 to maximum MMK 100,000.

Deposit Amount Maximum Tenor Interest Rate CB's Gift
1,000,000 Kyats 1 Year 10% MMK 20,000
2,000,000 Kyats 1 Year 10% MMK 40,000
3,000,000 Kyats 1 Year 10% MMK 60,000
MMK 4,000,000 1 Year 10% MMK 80,000
MMK 5,000,000 1 Year 10% MMK 100,000


4. Confindentiality

All facts and information about the wedding deposit account holder must be kept in special secret by the bank. At the time of appointment, every employee of the bank has signed an acknowledgement to follow and abide by the stipulations concerning secrets.

5. Amendments to Terms and Conditions

The Board of Directors of CB Bank has the authority to add, repeal or to amend these rules and regulations (for Wedding deposit accounts) from time to time. The amendments shall not be made know to be known and informed individually. The amendments will be made to be known (published) in the newspaper or by sticking them on the bank advertising board.