New Cash Account – Savings, Call and Current with Easy Cash Withdrawal
KBZ Bank has introduced a new, New Cash Account for customers to manage their finances conveniently and to withdraw cash up to the deposited amounts without limits. New Cash Accounts can be opened as Cash Account – Savings, which offers 1 Billion MMK and above: 10% per annum, 300 Million MMK to under 1 Billion: 9% per annum, Below 300 Million MMK: 8% per annum, Cash Account – Call, which offers 3 Billion MMK and above: 8% per annum, 1 Billion MMK to under 3 Billion: 7% per annum, 300 Million MMK to under 1 Billion: 6.5% per annum, Below 300 Million MMK: 6% per annum (*interest rates effective as of September 1st, 2024) and Cash Account – Current. To open a Cash Account – Savings, Call and Current, deposits can be made as cash credit at any KBZ Bank branch nationwide.
The following customers are eligible to open Cash Account – Savings, Call and Current
- Businesses (Both DICA and NON-DICA)
- Organizations (NGO, INGO, Universities, etc.)
- Individuals – Myanmar citizens & Resident foreigners (with valid Visa)
Benefits of Cash Account – Savings
- 1 Billion MMK and above: 10% per annum 300 Million MMK to under 1 Billion: 9% per annum Below 300 Million MMK: 8% per annum
*Effective as of September 1st, 2024 - Passbook – ‘CASH ACCOUNT – Savings’ stamped
- Support in setting up mBanking to enable you to manage your money digitally, without visiting a branch
Benefits of Cash Account – Call
- 3 Billion MMK and above: 8% per annum, 1 Billion MMK to under 3 Billion: 7% per annum, 300 Million MMK to under 1 Billion: 6.5% per annum, Below 300 Million MMK: 6% per annum
*Effective as of September 1st, 2024 - Specially designated passbook
- Support in setting up Corporate iBanking and mBanking to enable you to manage your money digitally, without visiting a branch
Benefits of Cash Account – Current
- Unlimited withdrawals of cash* up to the amount of cash deposited, subject to maintaining the minimum balance
- Free transfers from this account to any other KBZ account
- Perform non-cash debit transactions at any open KBZ branch nationwide
- Free Business Debit and MPU cards
- Support in setting up Corporate iBanking and mBanking to enable you to manage your money digitally, without visiting a branch
The following are the required initial deposit and minimum balance for each type of Cash Account – Savings, Call and Current
| Account Type | Initial Deposit | Minimum Balance |
| Cash Account – Savings (Individual/Joint) | MMK 10,000 | MMK 10,000 |
| Cash Account – Current (Individual) | MMK 1,000 | MMK 1,000 |
| Cash Account – Current (Joint) | MMK 10,000 | MMK 10,000 |
| Cash Account – Current (Corporate) | MMK 100,000 | MMK 100,000 |
| Cash Account – Call (Individual/Joint) | MMK 10,000 | MMK 10,000 |
| Cash Account – Call (Corporate) | MMK 100,000 | MMK 100,000 |
Cash Account Withdrawal Branch List
To know more details about New Cash Account_Call and Current
To know more details about New Cash Account-Savings
For more information, please call 009951018555 (or) 8555.