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“As a Thindagyut Special Prepromotion, Increasing Interest Rate for Ordinary Fixed Deposit Accounts and Special Cash Fixed Deposit Accounts During the Campaign Period” Campaign Terms & Conditions

September 26, 2022September 26, 2022
  1. This Campaign period is from September 26, 2022 to October 28, 2022 (excluding weekend days, bank holidays, and public holidays).
  2. The purpose of this Campaign is to enjoy a special interest rate for the Customers who opened a new Ordinary Fixed Deposit Account (90) days or (180) days, or a new Special Cash Fixed Deposit Account (90) days within the Campaign period and the Customers of the Ordinary Fixed Deposit Account (90) days or (180) days and/or Special Cash Fixed Deposit Account (90) days with the Auto Rollover Option if such Accounts will be Auto Rollover within the Campaign period.  
  3. The Customer who wants to participate in this Campaign must open a new Ordinary Fixed Deposit Account (90) days or (180) days or a new Special Cash Fixed Deposit Account (90) days during the Campaign period and will be entitled to a special interest rate under this Campaign as per the selected Deposit Term on the deposited amount into such Accounts. Although the Customer opened a new Ordinary Fixed Deposit Accounts and/or a new Special Cash Fixed Deposit Accounts during the Campaign period with Auto Rollover Option, Customers will not be entitled to the special interest rate after this Campaign period is over, but the Customer will be entitled to the normal interest rate. 
  4. In addition, if the Ordinary Fixed Deposit Accounts (90) days or (180) days and Special Cash Fixed Deposit Accounts (90) days opened with Auto Rollover Option are Auto Rollover during this Campaign period, the Account Owners will also be entitled to the special interest rate allowed under this Campaign for such renewal term. 
  5. A Customer can open the two new Ordinary Fixed Deposit Account (90) days or (180) days and Special Cash Fixed Deposit Account (90) days during the Campaign period and the Customer will be entitled to the special interest rates under this Campaign for such the two Fixed Deposit Accounts.
  6. The special interest rates will be provided only for the specific Fixed Deposits Accounts and other types of Deposit Accounts will be available at the normal interest rates. KBZ Bank shall have the right to amend at any time, the interest rates and Terms of the Fixed Deposit Accounts in accordance with the instructions of the Central Bank of Myanmar.
  7. KBZ Bank will not be permitted premature upliftment of the new Fixed Deposits Accounts opened during the Campaign period. The Customer will be entitled to the special interest rates for opening specific new Fixed Deposit Accounts under this Campaign, however, the Customers must comply with the KBZ Bank Ordinary Fixed Deposit Account Terms & Conditions and/or Special Cash Deposit Account Terms & Conditions for opening new Fixed Deposit Accounts within the Campaign period.
  8. During this Campaign period, Customers will be entitled to enjoy the benefits stated in these terms and conditions and the Customer will be entitled to the normal interest rates for opening the Fixed Deposit Accounts after the Campaign period.
  9. KBZ Bank employees will not contact participants in the Campaign to ask for the OTP or PIN of customers participating in this Campaign.
  10. KBZ Bank customers are strictly forbidden to cheat in any form or manner during the Campaign. KBZ Bank has the right to take necessary action against any Customer who is suspected to be cheating in any form and/or manner.
  11. In the event of any dispute arising between KBZ Bank Customers and KBZ Bank regarding this Campaign, such dispute will be examined carefully and finally resolved by the authorized officers of KBZ Bank without any prejudice to the statutory rights of the Customer. 
  12. Customer acknowledges and agrees that there is no right to receive any compensation as a result of cancellation or termination of this Campaign for some reasons and/or variation to these terms and conditions without giving any notice.
  13. KBZ Bank, at any time, shall have the right to amend or cancel or terminate the terms and conditions and or Campaign and the benefits or features regarding this Campaign conditionally for some reasons without giving any notice.
  14. All normal KBZ Bank Fixed Deposit Account Terms & Conditions and/or Special Cash Deposit Account Terms & Conditions apply. 
  15. These terms and conditions shall be governed by and construed by the laws of the Republic of the Union of Myanmar. 
  16. KBZ Bank reserves the right to revise initiatives introduced in response to COVID-19 and natural disasters or force majeure events at any time, as the situation evolves. KBZ Bank will not be liable to the Customer or any other party or be considered in breach of these terms and conditions for a failure to perform, or delay in performing, any such obligation set out in these Terms and Conditions while those circumstances continue. 
  17. These terms and conditions are made in both English and Myanmar and both versions shall be equally authentic and effective. In case of any discrepancy between the two versions, the Myanmar version shall prevail.