New Cash Account – Savings, Call and Current with Easy Cash Withdrawal
KBZ Bank has introduced a new, New Cash Account for customers to manage their finances conveniently and to withdraw cash up to the deposited amounts without limits. New Cash Accounts can be opened as:
To open a Cash Account – Savings, Call and Current, deposits can be made as cash credit at any KBZ Bank branch nationwide.
The following customers are eligible to open Cash Account – Savings, Call and Current
- Businesses (Both DICA and NON-DICA)
- Organizations (NGO, INGO, Universities, etc.)
- Individuals – Myanmar citizens & Resident foreigners (with valid Visa)
Benefits of Cash Account – Savings
- 1 Billion MMK and above: 10% per annum
300 Million MMK to under 1 Billion: 9% per annum
Below 300 Million MMK: 8% per annum
*Effective as of September 1st, 2024 - Passbook – ‘CASH ACCOUNT – Savings’ stamped
- Support in setting up mBanking to enable you to manage your money digitally, without visiting a branch
Benefits of Cash Account – Call
- 1 Billion MMK and above: 7% per annum
300 Million MMK to under 1 Billion: 6.5% per annum
Below 300 Million MMK: 6% per annum
*Effective as of January 1st, 2025 - Specially designated passbook
- Support in setting up Corporate iBanking and mBanking to enable you to manage your money digitally, without visiting a branch
Benefits of Cash Account – Current
- Unlimited withdrawals of cash* up to the amount of cash deposited, subject to maintaining the minimum balance
- Free transfers from this account to any other KBZ account
- Perform non-cash debit transactions at any open KBZ branch nationwide
- Free Business Debit and MPU cards
- Support in setting up Corporate iBanking and mBanking to enable you to manage your money digitally, without visiting a branch
The following are the required initial deposit and minimum balance for each type of Cash Account – Savings, Call and Current
| Account Type | Initial Deposit | Minimum Balance |
| Cash Account – Savings (Individual/Joint) | MMK 10,000 | MMK 10,000 |
| Cash Account – Current (Individual) | MMK 1,000 | MMK 1,000 |
| Cash Account – Current (Joint) | MMK 10,000 | MMK 10,000 |
| Cash Account – Current (Corporate) | MMK 100,000 | MMK 100,000 |
| Cash Account – Call (Individual/Joint) | MMK 10,000 | MMK 10,000 |
| Cash Account – Call (Corporate) | MMK 100,000 | MMK 100,000 |
Cash Account Withdrawal Branch List
Apply for Cheque Books via KBZ m/iBanking
Easily apply for cheque books via KBZ Bank’s mobile and internet banking 24/7 at the comfort of your home.
After the application, the cheque books can be obtained by:
- Pickup at home branch of the account or doorstep delivery by courier for customers within Yangon Region
- Pickup at home branch of the account for customers residing outside Yangon Region
Processing Times
For branch pickup, your cheque book will be available for collection at your home branch on the next business day following your request. For requests made outside banking hours, it will be ready by the second business day.
For courier delivery, the cheque book will be delivered via courier within two business days of the request date.
Fees and Charges
MICR Cheque Fees – 100 MMK per leaf
Non MICR Cheque Fees – 50 MMK per leaf
Stamp Duty Fees – 5 MMK per leaf
Delivery Fees by Townships (if applicable)
*All applicable fees, including cheque book issuance and delivery charges, will be automatically debited from your account.
Activating the Cheque Book
After acquiring your cheque book, it must be activated via KBZ m/iBanking by entering the number of the first cheque leaf in the activation field.
To know more details about New Cash Account_Call and Current
To know more details about New Cash Account-Savings
For more information, please call 009951018555 (or) 8555.