Fixed Deposit Account

Fixed deposit account is a smart choice of investing your money for a long term.

Product Feature

Interest-bearing account
A smart choice for long investment
Can deposit anytime and withdrawal is only allowed at the end of the particular period
Can be automatic renewal at the maturity date
For premature withdrawal/early termination, interest will be calculated with nearest quarter’s saving interest rate.

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Type :	Fixed Deposit Account
Currency :	MMK
Interest Rate :	Interest Rate (per annum) 1 Month = 11.5% 3 Months = 11.7% 6 Months = 11.8% 9 Months = 11.9% 12 Months = 12%
Operating Instrument :	Fixed Deposit Passbook
Suitable for :	Fixed deposit accounts are for both individuals and businesses who desire to invest money over a certain period with a return of maximum highest interest.
Minimum Amount for Opening :	MMK 50,000
Minimum Ongoing Balance :	Nil
Document Required for Company Fixed Deposit Account Opening :	Application Form Cover Letter with Company Letter Head Meeting Minutes with Company Letter Head Company License or DICA Registration Form Company Extract Copies of ID Cards (NRC/Passport) for only authorized signatory account holders Letter of authorization with company letter head for third party inquiry balance, fixed passbook collection, etc.