- FPB provides payroll service that allows using business current account and promises you managing the salaries of employees accurately and on timely manner.
- Payroll service helps you develop the practice of saving money.
- Could pay the salaries accurately, thoroughly and securely.
- List of the salaries shall be checked against excel file format developed by FPB, and sent both excel and PDF files three days prior to the pay day (working day).
- Transferring the salaries to accounts opened at branches per transaction will cost MMK 200.
- The company has to send a confirmation letter of assigning two responsible people to contact and an email address in company letterhead in crediting salaries to employees’ accounts at the bank.
- The company needs to send the opening forms and a schedule of individual employees’ facts needed for opening accounts along with the confirmation letters stating those facts are accurate.
- The company also has to send the request letter in letterhead for opening the accounts for employees in the list.
- Account can be opened with the initial deposit of MMK 10,000 and Excel File format can be asked for after opening process.
| Description | MMK |
|---|---|
| Salary Charges Per Transaction | 200 MMK |