Fixed Deposit Account can get interest only when the minimum saving period is completed but you can get interest for Trust account which is calculated based on number of days although the minimum saving period is not completed.
If you lost your Trust contract, you can inform the Trust Department and get a true copy of the contract with the Department Head’s signature.
If you want to cancel the contract, you need to inform the bank one month in advance and need to bring the original contract to the bank.
At least one person is needed.
Yes, the interest will be calculated based on number of days you have use the service.
A copy of NRC for both Trustee and Beneficiary.
The minimum Trust service period is one year.
The interest rate is 10% for every three month, six month, nine month and one year.
The minimum amount to use Trustee service is 1,000,000 Kyats.