Certified cheque is a guarantee that can be used between individuals, businesses and the government departments instead of using cash. The Certified cheque can replace the risk of bringing a huge amount of cash and it can also be acted as a guarantee by the bank that there is a sufficient amount in the bank, thus, the businesses can be done trustfully.
Must have a current deposit account if you want a certified cheque from the bank.
Submit the cheque that is to be certified to the bank and to request the bank to deduct the amount written on the cheque and bank commission.
The certified cheque is valid for (30) days.
If expired, the certified cheque can be extended for another (30) days.
The account holder can apply for the cancellation of the Certified Cheque.
5 pyas for every 100 kyats
Minimum is 1,000 kyats
Maximum is 5,000 kyats
No service fees for extension of the certified cheque.