Savings accounts are opened to encourage the people to save money and collect their savings. It enables the depositor to earn income by way of saving bank interest. Most business men use saving accounts by linking with Current Account. Monthly interest is calculated on amounts which deposited not later than first 5days of every month. Interest will be counted on the balance amount after withdrawal.
|Initial Deposit||10,000 kyats|
|Minimum Balance||1,000 kyats|
|Interest Rate||8.5% per annum|
|Cash Withdrawal||one time per week|