UNIVERSITY EDUCATION SAVING SCHEME (UESS) DEPOSIT ACCOUNT

Savings account for children’s higher education.
College scholarship awarded by MOB to support traditional university scholarships and cultivate the future of Myanmar’s youth.

Product Features

Five types of UESS Accounts:

UESS 1

K 5,000
deposit per month

UESS 2

K 6,000
deposit per month

UESS 3

K 7,000
deposit per month

UESS 4

K 8,000 and 9,000
deposit per month

UESS 5

K 10,000 & above
deposit per month

Required Documents

To Open Account

  • Student should be under 12 years
  • Birth certificate + List of household members Copy
  • Parents / Patron NRC Copy

To get the UESS incentive and special rewards

  • Must be comply with UESS terms and condition
  • UESS Passbook + University Documents

Terms & Conditions

  • On the total balance of the account at the end of the scheme, customer can earn 3% UESS provident fund provided by the bank.
  • After successfully being accepted into a university, no need to deposit money.
  • In case of failure to deposit for 3 months (within reason),the UESS account will be transformed into a normal savings account.
  • MOB scholarships available for outstanding students who received 5 or 6 distinctions (K 40,000 for 5 distinctions and K 60,000 for 6 distinctions one time) – in addition to the money already saved in UESS account.
  • Saving for 3 years under UESS allows borrowing of 80% of the balance as per requirements.