What is Royal Savings Account?
- Royal Savings Account allows unlimited withdrawals and deposits, and provides monthly interest payment to the account.
- Interest is calculated on a monthly basis before the seventh of every month.
Interest Rates
Description | Range | Amount | Interest Rate |
---|---|---|---|
Daily closing balance | Equal and above | 30,000,000MMK | 9.5% |
Daily closing balance | Below | 30,000,000MMK | 9% |
Product Benefits
- Account opening initial deposit amount is 30,000,000 MMK
- Monthly Interest Payment
- Cash withdrawal by Cheque is allowed if linked to Current Account.
Requirements
- NRC (original/copy)
- Permanent Address
- Occupation
- Contact Number
- 1 ID Photo
- 2 Existing FPB customers as introducers(Name, Bank Acc Number & Signature)
- Application Letter in Company Letterhead
- Meeting Minutes and Resolution in Company Letterhead
- Constitution
- Company Registration Certificate (original & copy)
- Company Extract
- 2 Existing FPB customers as introducers (Name, Bank Acc Number & Signature)
- Designated Drawing Officer in person (NRC (original & copy), 1 ID Photo