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