Recurring Deposit Accounts

Wedding Savings Account

The Wedding Savings Account is perfect for couples who are planning to get married in the future. This account enables them to save for their big day without worrying about the financial burden that comes with it by allowing them to save money on a regular basis without having to invest a large sum of money upfront. With this account, customers can choose their preferred monthly saving amount and targeted saving goals that suits their budget and financial goals.

Benefits

Great savings option to attain your goal
Able to save monthly steady amount
Guaranteed returns
Better rate of interest
Special offers and promotions from partnered merchants

Terms of Deposit and Interest

*Effective as of September 1st, 2024

Saving Frequency

Monthly

Minimum Monthly Saving Amount

30,000 MMK

Maximum Monthly Saving Amount

Unlimited

Opening An Account

Account opening can be done at any KBZ Bank branch.
Customer must have a bank account to link with Wedding Savings Account for monthly savings and pay out on maturity.

Deposit

The deposit can be made through a transfer of all (Ordinary/Cash) accounts (Savings, Call and Current)

Withdrawal

At the maturity date, customer shall be able to withdraw
interest compounded deposit amount from defined Pay Out Account.

Eligibility

Individual or Joint Account

Interest Calculation

The interest is calculated daily on the balance in the save for Wedding Savings Account and is compounded monthly.

NRC ID Card (original)

Travel & Leisure
Hotels
Wedding Services

No	Name	Privileges to Wedding Savings Customers	Validity	Reservation Contact	Location
1	FlyMya	Honey Moon & Pre-wedding Package Discount Offers Package Includes: Transportation (Flight or Bus ticket), Accommodation, Airport Transfer) - Up to 5% discount for a minimum spent of 500,000 Ks (Minimum discount is 3%) - Up to 10% discount for a minimum spent of 1,000,000 Ks (Minimum discount is 6%) Individual Product Discount Offers 5% discount on the base fare of both domestic and international flight tickets 5% discount on any bus tickets 5% discount on any hotel bookings 5% discount on VIP airport transfers	6 months	09880441011	No. 1260, Inwa 3rd Street, 6 Ward, South Okkalapa, Yangon.
2	Manyadanarpon Airline	5% discount on base fare for all town and all fare classes	Until May 2025	01656969 09404460006/7/8/9(ygn)	Yangon Intemational Airport Estate,Airport Road,Mingalardon Township,Yangon, Myanmar 11021

No	Name	Privileges to Wedding Savings Customers	Validity	Reservation Contact	Location
1	Ngwe Saung YatchClub Hotel	Offer on a website - Up to 10% Discount on Walk-In Rate	12 months	0977304837/73	No. 84/85 Hlaing Myint Mho Lane-1, Kan Street, Hlaing Township.
2	Novotel Inle Lake Myat Min	Accommodation discount on publish rate 10% Discount on Junior suit and Superior villa inclusive breakfast 10% Discount on food and beverages (non alcohol)	6 months	09251041570	Min Thauk Village, Nyaung Shwe Township, Southern Shan State, Myanmar
3	Jasmin Palace Hotel	10% discount accommodation on best available rate for KBZ member 5% discount for Wedding Recption Package	6 months	095402851	No. 341, Pyay Road, Sanchaung Township
4	Victoria Cliff Hotel & Resort (Kawthaung)	7% discount on room rates at Victoria Cliff Hotel& Resort (Kawthaung) Remark: The above discount is not applicable on special days, including Christmas, New Years's, Chinese New Year, and the Thingyan period.	12 months	09769763014 09769763040/70(kawthaung) 09771133377/88(ygn)	YGN - No. 38, Shwe.Taung Dan Steeet, Lanmadaw Townstip, Yangon. Kawthaung - No.540-A, Seik Kan Thas Street Anawar Quatar, Kawthaung.
5	Victoria Cliff Hotel & Resort (Nyaung Oo Phee Island)	7% discount on package rates at Victoria Cliff Resort (Nyaung Oo Phee Island) Remark: The above discount is not applicable on special days, including Christmas, New Years's, Chinese New Year, and the Thingyan period.	12 months	09769763014 09769763040/70(kawthaung) 09771133377/88(ygn)	YGN - No. 38, Shwe.Taung Dan Steeet, Lanmadaw Townstip, Yangon. Kawthaung - No.540-A, Seik Kan Thas Street Anawar Quatar, Kawthaung.
6	Sky Hotel	10-15% Special discount for only couple from KBZ Wedding Savings Plan	12 months	09777358188 09771026333 09421026333	No.(1/9), Shwe Kantharyar Housing, Yangon-Pathein Highway Road, Hlaing Tharyar Township, Yangon.
7	Amata Hotel	10% discount for accommodation 15 20% discount for 20 rooms and above.	End of July 2025	0943088379 01657689/050 01665126	No.(10), Inya Yeik Thar Street, Mayangone Tsp, Yangon.
8	New Chaung Tha Hotel	Wedding Package at Beach & Hotel Area - 10 % Discount onPackage Pre-Wedding Photoshop on Cranchi Yacht - 10% Discount on Package Pre-Wedding Photoshop at Hotel & Beach Area - 10% Discount on Package Honeymoon Package at New Chaung Tha Hotel - 10% Discount on Package	12 months	09250499633 09254205841	No. 104, 3/B Quarter, Waizayandar Road. South Okkalapa Tsp. Yangon

No	Name	Privileges to Wedding Savings Customers	Validity	Reservation Contact	Location
1	A&P Event & Wedding Studio	The special discount of 10% offer rate on the Wedding Sassion Package for KBZ Wedding Saving account customers. The special discount of 5% offer rate on the Prewedding Package for KBZ Wedding Saving account customers.	12 months	09751389019 09766680408	No. 798 (B),13th Kong Baung Street, 6 Ward, South Okkalapa Township, Yangon, Myanmar.
2	KS Collection Wedding Planner	All wedding packages are 10% off. The Memorial Venue fees are 20% off.	12 months	095199044, 095098495	No. 419, Mar Lar Yone Road, (12) Ward, Hlaing Townhsip, Yangon, Myanmar.
3	Love & Joy Event Planning	1- The client can choose between option 1 & 2 Option 1 – can get 30% discount on planning service charges for one event. Option 2 – can get 10% discount on wedding floral decoration charges for one event. 2- The client can choose both option 1 & 2 Option 1 – free consolation with professional wedding planner for one event. Option 2 – can get 10% discount on planning service charges for one event.	12 months	09779228389	No.76, A(2) street, Insein new township.

Detailed Terms and Conditions are listed in the PDF, click on Download to view them. Download

Wedding Savings Account is a type of Recurring Deposit Account suitable for couples who are planning to get married in the future. With this account, customers can choose their preferred monthly saving amount and targeted saving goals that suit their budget and financial goals.

There is one available tenor at this moment. The interest rate is 1year – 10.00% p.a.

Myanmar citizens aged 18 and above are eligible to open the account with the purpose of ensuring financial security and plan to get married in the future.

Recurring Deposit Account offers a new experience than the ordinary saving accounts for customers who wish to save their money by setting specific targets, and it is the type of account which can earn more interest.

The followings are available types of Recurring Deposit Accounts:
– Wedding Savings Account, Save for Home Account, and Yin Thway SuBoo Account for Retail Customers

– General Purpose Account for Retail and Corporate Customers

Myanmar citizens, over the age of 18, are eligible to open a recurring deposit account (Individual/Joint/Corporate/Business).

Customers shall receive a higher interest rate. Saving Amount (principal & Interest) shall be withdrawn easily by customers. Moreover, customers shall receive Partnership Promotion and other attractive promotions after maturity. Partnership list and promotion are listed on the website.

By the respective type of Recurring Deposit Account, customers can open for 1 year tenor with 10% interest rate (*effective as of September 1st, 2024).

By account type the following deposit is specified for Recurring Deposit Account:

Minimum 30,000 MMK to unlimited Amount

The amount is to be deposited into the ordinary/Cash saving accounts which after automatically transfer to Recurring Deposit Account as monthly installment.

A. No. Recurring Deposit Account cannot be opened separately. A customer shall have an Ordinary/Cash saving account to set up standing instructions for transferring of monthly installment amount.

B. A customer shall have an ordinary/special saving account as Pay out Account after Maturity.

No. Customer can only transfer monthly installment amount to Pay In CASA account which is linked to Recurring Deposit via OTC or i/m banking.

When customer recurring deposit account is at Maturity, both principal and interest will be transferred automatically to normal/special saving accounts by the System.

No. Joint Holders number numbers are not specified. Pay In and Pay Out’s Joint Holders shall be the same with Recurring Deposit’s Joint Holders.

Customers can Open General Purpose Saver for Corporate Account except Save for home and Wedding Saving Account.

CIF of the account holder must be the same for individuals. If it is a joint account, Recurring Deposit Joint Account Holders must be the same as all the Joint account holders of Pay In and Pay Out Account.

Yes.

There is no limit account types (Cash and Ordinary) for Pay In and Pay Out Account.

No. If Recurring Deposit is a Joint Account, Pay In Account must be a joint account.

No.

If a customer missed a monthly saving deposit, interest shall be calculated the amount in the Recurring Deposit Account. He/She will not receive the interest for missing the monthly savings deposit.

If a customer opened a recurring deposit account. Daily interest shall be calculated from the starting of account opening date and interest shall be liquidated to recurring deposit monthly.

Save for Home Account

Save for Home Account account is ideal for those saving money regularly for the down payment of the mortgage loan and to buy a house. By saving a fixed amount of money every month, customers can build up their savings and achieve their dream of owning a home. This a great option for those who want to save money regularly without having to worry about investing a large sum of money upfront. With this account, customers can choose their preferred terms with monthly saving amount and targeted saving goals that suits their budget and financial goals.

Benefits

Great savings option to attain your goal
Able to save monthly steady amount
Guaranteed returns
Better rate of interest with flexible terms
Special offers and promotions from partnered agents

Terms of Deposit and Interest

*Effective as of September 1st, 2024

Saving Frequency

Monthly

Minimum Monthly Saving Amount

30,000 MMK

Maximum Monthly Saving Amount

Unlimited

Opening An Account

Save for Home Account can be opened at any KBZ Bank branch.
Customer must have a bank account to link with save for mortgage for monthly savings and pay out on maturity.

Deposit

The deposit can be made through a transfer of all (Ordinary/Cash) accounts (Savings, Call and Current)

Withdrawal

At the maturity date, customer shall be able to withdraw
interest compounded deposit amount from defined Pay Out Account.

Eligibility

Individual or Joint Account (Non-Corporate).

Interest Calculation

The interest is calculated daily on the balance in the save for home account and is compounded monthly.

NRC ID Card (original)

Home Loan
Interior
Property

No	Name	Privileges to Save for Home Customers	Validity	Reservation Contact	Location
1	KBZ Bank Mortgage	•25% downpayment •0.5% discount on service charges •2 weeks loan approval after documents complete	No Validity	01512668 01512669	No. 23, Shin Saw Pu Road, Pun Hlaing Ward, Sanchaung Township

No	Name	Privileges to Save for Home Customers	Validity	Reservation Contact	Location
1	Royal Green Art Design & Decoration Service	•Free Survey •Free design services to customers of different industries, to provide customer with the latest design concepts excellent professional designs. • Construction work Free RC, Steel Structure, soil test service, Structure quotation. • Designing and preparing quotations based on client's budget. • Satisfying our clients and reflect the living standard by decorating with modern structures and innovated designs.	24 months	09422055557	No. 94, 51st Street (Middle), Pazundaung Township, Yangon, Myanmar.
2	Stanza Interior Design & Decoration	•Free Site Survey and Design Consultation for Yangon Region •Free design consultation for other areas of country •20 % Discount on Design Fee Charges •5% Discount on Mobili Furniture, Free transportation and installation charges for Yangon Region Only / Free Packaging for other area of country •3% discount upon total project cost (If customer is renovating their home with our company from start to finish) •Above 5% Discount Coupon on Mobili Furniture (If customer is renovating their home with our company from start to finish)	24 months	09255255210	No.402(A), Innwa Street, 6 Ward, South Okkalapa Township, Yangon

No	Name	Privileges to Save for Home Customers	Validity	Reservation Contact	Location
1	iMyanmarhouse.com (for only Cash Down customer)	•Shall negotiate with the Special Price for those who purchase under the Cash Down Plan. •Special Discount benefits from 5% to 20% upon the value of property. •Cash Back benefits MMK 200,000 to MMK 1,000,000 upon the value of property. •Legal Service Fee saving (from MMK 100,000) for those who need legal contract. •Weekly Lucky Draw (minimum MMK 100,000) for those who are Top Fan of social media. •Transportation service to customers for property viewing (reimbursing transportation charges up to MMK 30,000). •Arranging documents for both buyer and seller side.	12 months	09425708813	No.561/567 Merchant Road, MAC Tower(11th Floor), Kyauktada Township, Yangon

Detailed Terms and Conditions are listed in the PDF, click on Download to view them. Download

Save for Home Account is a type of Recurring Deposit Account suitable for those who are saving money regularly for the down payment of the mortgage loan and to buy a house.

There is one available tenor at this moment. The interest rate is 1year – 10.00% p.a.

Myanmar citizens aged 18 and above are eligible to open the account with the purpose of saving money regularly for the down payment of the mortgage loan and to buy a house.

The followings are available types of Recurring Deposit Accounts:
– Wedding Savings Account, Save for Home Account, and Yin Thway SuBoo Account for Retail Customers

– General Purpose Account for Retail and Corporate Customers

Myanmar citizens, over the age of 18, are eligible to open a recurring deposit account (Individual/Joint/Corporate/Business).

By the respective type of Recurring Deposit Account, customers can open for 1 year tenor with 10% interest rate (*effective as of September 1st, 2024).

By account type the following deposit is specified for Recurring Deposit Account:

Minimum 30,000 MMK to unlimited Amount

The amount is to be deposited into the ordinary/Cash saving accounts which after automatically transfer to Recurring Deposit Account as monthly installment.

A. No. Recurring Deposit Account cannot be opened separately. A customer shall have an Ordinary/Cash saving account to set up standing instructions for transferring of monthly installment amount.

B. A customer shall have an ordinary/special saving account as Pay out Account after Maturity.

No. Customer can only transfer monthly installment amount to Pay In CASA account which is linked to Recurring Deposit via OTC or i/m banking.

When customer recurring deposit account is at Maturity, both principal and interest will be transferred automatically to normal/special saving accounts by the System.

No. Joint Holders number numbers are not specified. Pay In and Pay Out’s Joint Holders shall be the same with Recurring Deposit’s Joint Holders.

Customers can Open General Purpose Saver for Corporate Account except Save for home and Wedding Saving Account.

Yes.

There is no limit account types (Cash and Ordinary) for Pay In and Pay Out Account.

No. If Recurring Deposit is a Joint Account, Pay In Account must be a joint account.

No.

If a customer opened a recurring deposit account. Daily interest shall be calculated from the starting of account opening date and interest shall be liquidated to recurring deposit monthly.

General Purpose Account

General Purpose Account is ideal for those saving money regularly for their big dream. By saving a fixed amount of money every month, customers can build up their savings and achieve their any dream. This a great option for those who want to save money regularly without having to worry about investing a large sum of money upfront. With this account, customers can choose their preferred terms with monthly saving amount and targeted saving goals that suits their budget and financial goals.

Benefits

Great savings option to attain your goal
Able to save monthly steady amount
Guaranteed returns
Better rate of interest with flexible terms

Terms of Deposit and Interest

*Effective as of September 1st, 2024

Saving Frequency

Monthly

Minimum Monthly Saving Amount

30,000 MMK

Maximum Monthly Saving Amount

Unlimited

Opening An Account

General Purpose account can be opened at any KBZ Bank branch.
Customer must have a bank account to link with General Purpose Savings Account for monthly savings and pay out on maturity

Deposit

The deposit can be made through a transfer of all (Ordinary/Cash) accounts (Savings, Call and Current)

Withdrawal

At the maturity date, customer shall be able to withdraw
interest compounded deposit amount from defined Pay Out Account

Eligibility

Individual or Joint Account or Corporate/Business & Association

Interest Calculation

The interest is calculated daily on the balance in the General Purpose account and is compounded monthly.

For Corporate

Business license form, a valid license issued by the relevant ministry must be submitted together.
Company registration form, Export & Import License, Company Extract from DICA, BOD Resolution, Company Profile (for exceptional case)
Receipts of income tax for the last 3 years (if applicable)
Financial statements for the last 3 years

For Retail

NRC ID Card (original)

Detailed Terms and Conditions are listed in the PDF, click on Download to view them. Download

A General purpose Account is a type of Recurring Deposit Account suitable for those who are saving money regularly for their big dream.

There is one available tenor at this moment. The interest rate is 1year – 10.00% p.a.

Myanmar citizens aged 18 and above are eligible to open the account with the purpose of saving money regularly for their big dream.

The following are available types of Recurring Deposit Accounts:
– Wedding Savings Account, Save for Home Account, and Yin Thway SuBoo Account for Retail Customers

– General Purpose Account for Retail and Corporate Customers

Myanmar citizens, over the age of 18, are eligible to open a recurring deposit account (Individual/Joint/Corporate/Business).

By the respective type of Recurring Deposit Account, customers can open for 1 year tenor with 10% interest rate (*effective as of September 1st, 2024).

By account type the following deposit is specified for Recurring Deposit Account:

Minimum 30,000 MMK to unlimited Amount

The amount is to be deposited into the ordinary/Cash saving accounts which after automatically transfer to Recurring Deposit Account as monthly installment.

The followings are available types of Recurring Deposit Accounts:

− Wedding Savings Account, Save for Home Account, and Yin Thway SuBoo Account for Retail Customers

− General Purpose Account for Retail and Corporate Customers

A. No. Recurring Deposit Account cannot be opened separately. A customer shall have an Ordinary/Cash saving account to set up standing instructions for transferring of monthly installment amount.

B. A customer shall have an ordinary/special saving account as Pay out Account after Maturity.

No. Customer can only transfer monthly installment amount to Pay In CASA account which is linked to Recurring Deposit via OTC or i/m banking.

When customer recurring deposit account is at Maturity, both principal and interest will be transferred automatically to normal/special saving accounts by the System.

No. Joint Holders number numbers are not specified. Pay In and Pay Out’s Joint Holders shall be the same with Recurring Deposit’s Joint Holders.

Customers can Open General Purpose Saver for Corporate Account except Save for home and Wedding Saving Account.

Yes.

There is no limit account types (Cash and Ordinary) for Pay In and Pay Out Account.

No. If Recurring Deposit is a Joint Account, Pay In Account must be a joint account.

No.

If a customer opened a recurring deposit account. Daily interest shall be calculated from the starting of account opening date and interest shall be liquidated to recurring deposit monthly.

Yin Thway SuBoo Account

Yin Thway SuBoo Account is perfect for expecting mothers who want to have financial security and support during their maternity journey. This account enables you to save and worry less about the financial burden that comes with childbirth and nurturing a baby. Regularly saving allows expecting mothers to ease financial worries during their pregnancy journey without having to invest a large sum of money upfront. With this account, customers can choose their preferred terms with a regular monthly saving amount and targeted saving goals that suit their budget and financial goals.

Benefits

Great savings option to attain your goal
Able to save a steady amount monthly
Guaranteed returns
Better rate of interest with flexible terms
Special offers and promotions from partnered agents

Terms of Deposit and Interest

Saving Frequency

Monthly

Minimum Monthly Saving Amount

30,000 MMK

Maximum Monthly Saving Amount

Unlimited

Opening An Account

Account opening can be done at any KBZ Bank branch. Customers must have a bank account to link with Yin Thway SuBoo Account for monthly savings and pay out on maturity.

Deposit

The deposit can be made through a transfer of all (Ordinary/Cash) accounts (Savings, Call and Current).

Withdrawal

At the maturity date, customers shall be able to withdraw interest compounded deposit amount from defined Pay Out Account.

Flexibility

Customers can choose their preferred saving terms – 6 months, 9 months, or 1 year – depending on their own requirements.

Eligibility

Individual or Joint Account

Interest Calculation

The interest is calculated daily on the balance in the Yin Thway SuBoo Account and is compounded monthly.

NRC ID card (original)

Hospital
Baby Accessories Shop
Beauty Clinic
Photo Studio

No	Name	Privileges to Yin Thway SuBoo Customers	Validity	Reservation Contact	Location
1	Sakura Hospital	10% off for in-patient room fees 10% off for operation room fees 10% off for laboratory services 10% off for imaging services 10% off for ambulance service The above benefits are available for obstetrician-gynecologist visits during pregnancy, and during hospitalization for childbirth. (Outpatient visits and hospital admissions unrelated to childbirth do not qualify for benefits.)	12 months	01512668 01512669	No. 23, Shin Saw Pu Road, Pun Hlaing Ward, Sanchaung Township
2	SSC Hospital	10% off for patients who purchase Maternity Package 5% off room fees for patients addmitted through OPD 5% off for lab tests done at SSC Hospital 5% off for X-rays and ultrasound (abdomen) [Excluding 3D, 4D (ultrasound)]	12 months	09880133375	No. 7, Shwegondaing Road, Bahan Township

No	Name	Privileges to Yin Thway SuBoo Customers	Validity	Reservation Contact	Location
1	Piti Thukha Mother’s Care & Baby Accessories shop	5% discount (excluding baby formula and medications)	12 months	09778718878 09985232317 09772500899	Shop 1 - No. 009, 54 Street, Upper Block, Pazundaung Township Shop 2 - No. 254, Kyaikkasan Road, Near Kyauk Myaung Bus Stop, Tamwe Township Shop 3 - No. 17A, Nant Thar Kone 2 Street, Thanlyin Township
2	Kodomo Pyay Thar Baby Care Shop	5% off for purchases of 300,000 MMK or more 10% off for purchases of 500,000 MMK or more [Excluding infant formula (milk, powder, sticks)]	12 months	09765195016	No. 694/A, Kyaw Thu Road, 9 Ward, South Okkalapa Township
3	Rin Rin Baby Mart	For every newborn package - additional 5% off for newborn package price (no limitation) For Normal purchase - 5% off for all items (maximum 2 times per month) If there are other promotions of Rin Rin Baby Mart, Yin Thway SuBoo clients will get both normal Rin Rin promotion plus above two offers.	12 months	0943032229	Shop 1 - Kyarkwat Thit Ward, Kyauk Myaung,Tamwe Tsp. Shop 2 - Hinthada Street, Kyun Taw , Sanchaung Township
4	SB Baby	- 7% Discount at every branch of SB Baby (Excluding Milk Powder, Infant Formula and medicine; This pormotion is not eligiable for SB Baby member)	12 months	09266642237	All 25 branches of SB Baby

No	Name	Privileges to Yin Thway SuBoo Customers	Validity	Reservation Contact	Location
1	Lemon Aesthetic Center	Hair removal (Any area) - Buy 10 times, get 2 times free Lemon Glow Facial Treatment - Buy 5 times, get 1 time free	12 months	09897788990	No. 7A, Shwe Taung Kyar (1) Ward, Kanbawza Avenue Road, Bahan Township

No	Name	Privileges to Yin Thway SuBoo Customers	Validity	Reservation Contact	Location
1	Golden Eye Professional Baby Photo Studio	-10% discount will be given for any service. -Yin Thway Su Boo customers are also eligible for Double Chance benefits in other promotions	12 months	09420707569	Hsa/37,(4/5 FL),Khaymarthi (1) St&Corner of Khaymarthi Rd,North Okkalapa Tsp
2	Exit of Omega Photo Studio	All package - 10% Discount on total price Customer can enjoy double promotions.	12 months	09952471216	No.(452),(4) Wd,Thuta St,South Okkalapa Tsp
3	Babylon Photo Studio	Plan A - 10% Discount Plan B - 10% Discount Plan C - 20% Discount Plan D - 20% Discount If there are Normal promotions, customers are eligable to have extra 5% discount.	12 months	09767117334	No.(164),(34)St,Anawyahtar Rd,Kyauktadar Tsp

Detailed Terms and Conditions are listed in the PDF, click on Download to view them. Download

Yin Thway SuBoo Account is a type of Recurring Deposit Account suitable for expecting mothers who want to have financial security and support during their maternity journey. Customers can choose their preferred terms with a regular monthly saving amount and targeted saving goals that suit their budget and financial goals.

There are three available tenors. The respective interest rates are: 6 months – 9.5% p.a; 9 months – 9.75% p.a; and 1 year – 10% p.a.

Myanmar citizens aged 18 and above are eligible to open the account with the purpose of ensuring financial security and support during their maternity journey and nurturing a baby.

The following are available types of Recurring Deposit Accounts:
– Wedding Savings Account, Save for Home Account, and Yin Thway SuBoo Account for Retail Customers

– General Purpose Account for Retail and Corporate Customers

Myanmar citizens, over the age of 18, are eligible to open a Recurring Deposit Account (Individual/Joint/Corporate/Business; only General Purpose Account can be opened as Corporate/Business Account).

Customers shall receive a higher interest rate. Saving amount (principal & Interest) shall be withdrawn easily by customers. Moreover, customers shall receive partnership promotion and other attractive promotions after maturity. Partnership list and promotions are listed on the website.

Based on the respective type of Recurring Deposit Account, customers can open an account with up to 1 year tenor with up to 10% p.a. interest rate.

Please identify the specified amount of initial deposit for opening a Recurring Deposit Account.

For the Recurring Deposit Account, you can deposit a minimum of 30,000 kyat monthly, with no maximum limit on deposits. Monthly installments of the same amount will be automatically debited from the linked ordinary or cash savings account to the Recurring Deposit Account.

No, a Recurring Deposit Account cannot be opened separately. A customer must have an ordinary/cash savings account to set up standing instructions for transferring monthly installment amounts and to receive the payout after maturity.

No. The monthly installment must be deposited into the linked ordinary/cash savings account before the payment date, either at the branch or via m/iBanking.

When a Recurring Deposit Account is at maturity, both principal and interest will be transferred automatically to ordinary/cash saving account by the system.

No. The number of joint holders are not specified. Pay In and Pay Out’s joint holders shall be the same with Recurring Deposit’s joint holders.

Customers can open a General Purpose Account as a Corporate Account. Save for Home Account, Wedding Savings Account, and Yin Thway SuBoo Account are not eligible.

CIF of the account holder must be the same for individuals. If it is a joint account, Recurring Deposit joint account holders must be the same as all the joint account holders of Pay In and Pay Out Account.

Yes.

There is no limit on account types (Cash and Ordinary) for Pay In and Pay Out Account.

No. If Recurring Deposit is a joint account, Pay In Account must be a joint account.

No.

If a customer missed a monthly saving deposit, interest shall be calculated on the amount in the Recurring Deposit Account. He/She will not receive the interest for missing the monthly savings deposit.

If the monthly recurring deposit is made every month without fail, the Recurring Completion Certificate can be requested from the bank upon account maturity.

If a customer opens a Recurring Deposit Account, daily interest shall be calculated from the starting of account opening date and interest shall be liquidated to recurring deposit monthly.

With the Recurring Completion Certificate, customers can enjoy special privileges from partnered merchants of KBZ Bank within one year after account maturity.