CALL DEPOSIT ACCOUNT

Advantages of both current and savings account.

Product Features

  • Individual, Joint, Company, Association
  • 2% p.a for balance under MMK 10,000,001/-
  • 6% p.a for balance over MMK 10,000,000/-
  • Ks. 10,000 initial deposit
  • Ks. 10,000 minimum balance
  • Daily interest calculated on balance and paid on quarterly

Documents Required:

Company

  • Form 1 for foreigner
  • Form E,
  • Form 6,
  • Form 26,
  • Resolution of BOD to open account at MOB  with
    1. Account Type
    2. Authorized person to operate the open account with withdraw option.
    3. Stamp rubber seals including name, designation and company name assigned by company.
    4. Articles and Memorandum of Association with endorsement by Company Authorized Person.
    5. Company license

Terms & Conditions

Deposit/Withdrawal

  • Deposit, withdrawal and balance check can be done by bringing the call deposit book to any branch of MOB by the account holder or by a representative appointed by the account holder in accordance with the Bank’s rules.

Closing Account

  • The account closing can proceed at the MOB branch where the account was opened by returning the call deposit book.
  • Interest and remaining balance of the account will be provided to the account holder once the account closing process is complete.