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Key Facts About EduSmart Savings Account

Start saving today for education and secure a brighter future with monthly interest calculated on minimum balance.

Grow with High
Interest Rate

8.50

%
p.a.

Benefits

Benefits

percent (2)
Earn interest deposited monthly
percent (2)
Earn interest deposited monthly
attach_file-1
Link with MPU / MPU-UPI Card, Mobile Banking, and iBanking
attach_file-1
Link with MPU / MPU-UPI Card, Mobile Banking, and iBanking
payments-1
Children under 18 are eligible to open a Minor Savings Account with a Guardian
payments-1
Children under 18 are eligible to open a Minor Savings Account with a Guardian
percent (2)
Earn interest deposited monthly
percent (2)
Earn interest deposited monthly
attach_file-1
Link with MPU / MPU-UPI Card, Mobile Banking, and iBanking
attach_file-1
Link with MPU / MPU-UPI Card, Mobile Banking, and iBanking
payments-1
Children under 18 are eligible to open a Minor Savings Account with a Guardian
payments-1
Children under 18 are eligible to open a Minor Savings Account with a Guardian

Conditions & Qualifications for this account

  • Individual Account (Aged 18 and above):
    • Original NRC
  • Minor Account (Under 18 years old with Guardian):
    • Original NRC of the Guardian
    • Birth certificate of the child or official proof of guardianship

  • Must be a Myanmar Citizen
  • Age Eligibility
    • Individual Account: Age of 18 years and above
    • Minor Account: Under 18 years old (opened with a Guardian)

Rates & Fees for this account

Interest Rate 8.50% p.a.
Initial Deposit 10,000 MMK
Minimum Balance 10,000 MMK
Interest Calculation Method Calculated on the minimum balance deposited between the 1st and 7th of every month
Eligible Deposit Period for Interest Between the 1st and 7th of every month
Withdrawal Terms Over-the-counter cash withdrawals at MAB branches and Agency Banking locations are allowed once per week
Additional Available Services MPU / MPU-UPI Card application, Mobile Banking, and iBanking application

EduSmart Savings Account Calculator

Disclaimer : This calculation is just for illustration purpose only, based on certain assumed prerequisites. Terms and Conditions apply.

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