Wedding Savings Account

The Wedding Savings Account is perfect for couples who are planning to get married in the future. This account enables them to save for their big day without worrying about the financial burden that comes with it by allowing them to save money on a regular basis without having to invest a large sum of money upfront. With this account, customers can choose their preferred monthly saving amount and targeted saving goals that suits their budget and financial goals.

Benefits
  • Great savings option to attain your goal
  • Able to save monthly steady amount
  • Guaranteed returns
  • Better rate of interest
  • Special offers and promotions from partnered merchants

Terms of Deposit and Interest

Saving Frequency

Monthly

Minimum Monthly Saving Amount

30,000 MMK

Maximum Monthly Saving Amount

Unlimited

Opening An Account

Account opening can be done at any KBZ Bank branch.
Customer must have a bank account to link with Wedding Savings Account for monthly savings and pay out on maturity.

Deposit

The deposit can be made through a transfer of all (Ordinary/Cash) accounts (Savings, Call and Current)

Withdrawal

At the maturity date, customer shall be able to withdraw
interest compounded deposit amount from defined Pay Out Account.

Eligibility

Individual or Joint Account

Interest Calculation

The interest is calculated daily on the balance in the save for Wedding Savings Account and is compounded monthly.

  • NRC ID Card (original/copy)
Name Privileges to Wedding Savings Customers
FlyMyaHoney Moon & Pre-wedding Package Discount Offers
package Includes: Transportation (Flight or Bus ticket), Accommodation, Airport Transfer)
- Up to 5% discount for a minimum spent of 500,000 Ks (Minimum discount is 3%)
- Up to 10% discount for a minimum spent of 1,000,000 Ks (Minimum discount is 6%)

Individual Product Discount Offers
5% discount on the base fare of both domestic and international flight tickets
5% discount on any bus tickets
5% discount on any hotel bookings
5% discount on VIP airport transfers
Manyadanarpon Airline5% discount on base fare for all town and all fare classes
Name Privileges to Wedding Savings Customers
Ngwe Saung YatchClub HotelOffer on a website - Up to 10% Discount on Walk-In Rate
Novotel Inle Lake Myat MinAccommodation discount on publish rate
10% Discount on Junior suit and Superior villa inclusive breakfast
10% Discount on food and beverages (non alcohol)
Jasmin Palace Hotel10% discount accommodation on best available rate for KBZ member
5% discount for Wedding Recption Package
Victoria Cliff Hotel& Resort(Kawthaung)7% discount on room rates at Victoria Cliff Hotel& Resort (Kawthaung)
Remark: The above discount is not applicable on special days, including Christmas, New Years's, Chinese New Year, and the Thingyan period.
Victoria Cliff Hotel& Resort(Nyaung Oo Phee Island)
7% discount on package rates at Victoria Cliff Resort (Nyaung Oo Phee Island)
Remark: The above discount is not applicable on special days, including Christmas, New Years's, Chinese New Year, and the Thingyan period.
Sky Hotel10-15% Special discount for only couple from KBZ Wedding Savings Plan.
Amata Hotel10% discount for accommodation.
15-20% discount for 20 rooms and above.
New Chaung Tha Hotel**Wedding Package at Beach & Hotel Area - 10 % Discount on
Package
**Pre-Wedding Photoshop on Cranchi Yacht - 10% Discount on Package
**Pre-Wedding Photoshop at Hotel & Beach Area - 10% Discount on Package
**Honeymoon Package at New Chaung Tha Hotel - 10% Discount on Package
Name Privileges to Wedding Savings Customers
A&P Event & Wedding StudioThe special discount of 10% offer rate on the Wedding Sassion Package for KBZ Wedding Saving account customers.
The special discount of 5% offer rate on the Prewedding Package for KBZ Wedding Saving account customers.
KS Collection Wedding PlannerAll wedding packages are 10% off.
The Memorial Venue fees are 20% off.
Love & Joy Event Planning1- The client can choose between option 1 & 2
Option 1 – can get 30% discount on planning service charges for one event.
Option 2 – can get 10% discount on wedding floral decoration charges for one event.

2- The client can choose both option 1 & 2
Option 1 – free consolation with professional wedding planner for one event
Option 2 – can get 10% discount on planning service charges for one event.

Detailed Terms and Conditions are listed in the PDF, click on Download to view them. Download

Recurring Deposit Account offers a new experience than the ordinary saving accounts for customers who wish to save their money by setting specific targets, and it is the type of account which can earn more interest.

The following is the type of Recurring Deposit Account.
– Wedding Saving Account and Mortgage Account for Retail Customer
– General Purpose Saver for Retail and Corporate Customer

Myanmar citizens, over the age of 18, are eligible to open a recurring deposit account (Individual/Joint/Corporate/Business).

Customers shall receive a higher interest rate. Saving Amount (principal & Interest) shall be withdrawn easily by customers. Moreover, customers shall receive Partnership Promotion and other attractive promotions after maturity. Partnership list and promotion are listed on the website.

By the respective type of Recurring Deposit Account, customers can open for 1 year tenor with 8% interest rate.

By account type the following deposit is specified for Recurring Deposit Account:

Minimum 30,000 MMK to unlimited Amount

The amount is to be deposited into the ordinary/Cash saving accounts which after automatically transfer to Recurring Deposit Account as monthly installment.

There are 3 schemes of Recurring Deposit Account

  • Wedding Saving Account (Individual & Joint)
  • Save for Home  Account (Individual & Joint)
  • General Purpose Saving Account  (Individual, Joint, Corporate/Business, Association)

A. No. Recurring Deposit Account cannot be opened separately. A customer shall have an Ordinary/Cash saving account to set up standing instructions for transferring of  monthly installment amount.

B. A customer shall have an ordinary/special saving account as Pay out Account after Maturity.

No. Customer can only transfer monthly installment amount to Pay In CASA account which is linked to Recurring Deposit via OTC or i/m banking.

When customer recurring deposit account is at Maturity, both principal and interest will be transferred automatically to normal/special saving accounts by the System.

No. Joint Holders number numbers are not specified. Pay In and Pay Out’s Joint Holders shall be the same with Recurring Deposit’s Joint Holders.

Customers can Open General Purpose Saver for Corporate Account except Save for home and Wedding Saving Account.

CIF of the account holder must be the same for individuals. If it is a joint account, Recurring Deposit Joint Account Holders must be the same as all the  Joint account holders of Pay In and Pay Out Account.

Yes.

There is no limit account types (Cash and Ordinary) for Pay In and Pay Out Account.

No. If Recurring Deposit is a Joint Account, Pay In Account must be a joint account.

No.

If a customer missed a monthly saving deposit, interest shall be calculated the amount in the Recurring Deposit Account. He/She will not receive the interest for missing the monthly savings deposit.

If a customer opened a recurring deposit account. Daily interest shall be calculated from the starting of account opening date and interest shall be liquidated to recurring deposit monthly.

Save for Home Account

Save for Home Account account is ideal for those saving money regularly for the down payment of the mortgage loan and to buy a house. By saving a fixed amount of money every month, customers can build up their savings and achieve their dream of owning a home. This a great option for those who want to save money regularly without having to worry about investing a large sum of money upfront. With this account, customers can choose their preferred terms with monthly saving amount and targeted saving goals that suits their budget and financial goals.

Benefits
  • Great savings option to attain your goal
  • Able to save monthly steady amount
  • Guaranteed returns
  • Better rate of interest with flexible terms
  • Special offers and promotions from partnered agents

Terms of Deposit and Interest

Saving Frequency

Monthly

Minimum Monthly Saving Amount

30,000 MMK

Maximum Monthly Saving Amount

Unlimited

Opening An Account

Save for Home Account can be opened at any KBZ Bank branch.
Customer must have a bank account to link with save for mortgage for monthly savings and pay out on maturity.

Deposit

The deposit can be made through a transfer of all (Ordinary/Cash) accounts (Savings, Call and Current)

Withdrawal

At the maturity date, customer shall be able to withdraw
interest compounded deposit amount from defined Pay Out Account.

Eligibility

Individual or Joint Account (Non-Corporate).

Interest Calculation

The interest is calculated daily on the balance in the save for home account and is compounded monthly.

  • NRC ID Card (original/copy)
NamePrivileges to Save for Home Customer
KBZ Bank Mortgage25% downpayment + 0.5% discount on service charges + 2 weeks loan approval after documents complete
NamePrivileges to Save for Home Customers
Stanza Interior Design & DecorationFree Site Survey and Design Consultation for Yangon Region/Free design consultation for other areas of country
20 % Discount on Design Fee Charges
5% Discount on Mobili Furniture,
Free transportation and installation charges for Yangon Region Only / Free Packaging for other area of country
3% discount upon total project cost (If customer is renovating their home with our company from start to finish)
Above 5% Discount Coupon on Mobili Furniture (If customer is renovating their home with our company from start to finish)
Royal Green Art Design & Decoration Service•Free Survey
•Free design services to customers of different industries, to provide customer with the latest design concepts excellent professional designs.
• Construction work Free RC, Steel Structure, soil test service, Structure quotation.
• Providing the best and safest home for loved ones.
• Designing and preparing quotations based on client's budget.
• Satisfying our clients and reflect the living standard by decorating with modern structures and innovated designs.
NamePrivileges to Save for Home Customers
IMYANMARHOUSE CO.,LTD.Shall negotiate with the Special Price for those who purchase under the Cash Down Plan.
Special Discount benefits from 5% to 20% upon the value of property.
Cash Back benefits MMK 200,000 to MMK 1,000,000 upon the value of property.
Legal Service Fee saving (from MMK 100,000) for those who need legal contract.
Weekly Lucky Draw (minimum MMK 100,000) for those who are Top Fan of social media.
Transportation service to customers for property viewing (reimbursing transportation charges up to MMK 30,000).
Arranging documents for both buyer and seller side.

Detailed Terms and Conditions are listed in the PDF, click on Download to view them. Download

Recurring Deposit Account offers a new experience than the ordinary saving accounts for customers who wish to save their money by setting specific targets, and it is the type of account which can earn more interest.

The following is the type of Recurring Deposit Account.
– Wedding Saving Account and Mortgage Account for Retail Customer
– General Purpose Saver for Retail and Corporate Customer

Myanmar citizens, over the age of 18, are eligible to open a recurring deposit account (Individual/Joint/Corporate/Business).

Customers shall receive a higher interest rate. Saving Amount (principal & Interest) shall be withdrawn easily by customers. Moreover, customers shall receive Partnership Promotion and other attractive promotions after maturity. Partnership list and promotion are listed on the website.

By the respective type of Recurring Deposit Account, customers can open for 1 year tenor with 8% interest rate.

By account type the following deposit is specified for Recurring Deposit Account:

Minimum 30,000 MMK to unlimited Amount

The amount is to be deposited into the ordinary/Cash saving accounts which after automatically transfer to Recurring Deposit Account as monthly installment.

There are 3 schemes of Recurring Deposit Account

  • Wedding Saving Account (Individual & Joint)
  • Save for Home  Account (Individual & Joint)
  • General Purpose Saving Account  (Individual, Joint, Corporate/Business, Association)

A. No. Recurring Deposit Account cannot be opened separately. A customer shall have an Ordinary/Cash saving account to set up standing instructions for transferring of  monthly installment amount.

B. A customer shall have an ordinary/special saving account as Pay out Account after Maturity.

No. Customer can only transfer monthly installment amount to Pay In CASA account which is linked to Recurring Deposit via OTC or i/m banking.

When customer recurring deposit account is at Maturity, both principal and interest will be transferred automatically to normal/special saving accounts by the System.

No. Joint Holders number numbers are not specified. Pay In and Pay Out’s Joint Holders shall be the same with Recurring Deposit’s Joint Holders.

Customers can Open General Purpose Saver for Corporate Account except Save for home and Wedding Saving Account.

CIF of the account holder must be the same for individuals. If it is a joint account, Recurring Deposit Joint Account Holders must be the same as all the  Joint account holders of Pay In and Pay Out Account.

Yes.

There is no limit account types (Cash and Ordinary) for Pay In and Pay Out Account.

No. If Recurring Deposit is a Joint Account, Pay In Account must be a joint account.

No.

If a customer missed a monthly saving deposit, interest shall be calculated the amount in the Recurring Deposit Account. He/She will not receive the interest for missing the monthly savings deposit.

If a customer opened a recurring deposit account. Daily interest shall be calculated from the starting of account opening date and interest shall be liquidated to recurring deposit monthly.

General Purpose Account

General Purpose Account is ideal for those saving money regularly for their big dream. By saving a fixed amount of money every month, customers can build up their savings and achieve their any dream. This a great option for those who want to save money regularly without having to worry about investing a large sum of money upfront. With this account, customers can choose their preferred terms with monthly saving amount and targeted saving goals that suits their budget and financial goals.

Benefits
  • Great savings option to attain your goal
  • Able to save monthly steady amount
  • Guaranteed returns
  • Better rate of interest with flexible terms

Terms of Deposit and Interest

Saving Frequency

Monthly

Minimum Monthly Saving Amount

30,000 MMK

Maximum Monthly Saving Amount

Unlimited

Opening An Account

General Purpose account can be opened at any KBZ Bank branch.
Customer must have a bank account to link with General Purpose Savings Account for monthly savings and pay out on maturity

Deposit

The deposit can be made through a transfer of all (Ordinary/Cash) accounts (Savings, Call and Current)

Withdrawal

At the maturity date, customer shall be able to withdraw
interest compounded deposit amount from defined Pay Out Account

Eligibility

Individual or Joint Account or Corporate/Business & Association

Interest Calculation

The interest is calculated daily on the balance in the General Purpose account and is compounded monthly.

For Corporate
  • Business license form, a valid license issued by the relevant ministry must be submitted together.
  • Company registration form, Export & Import License, Company Extract from DICA, BOD Resolution, Company Profile (for exceptional case)
  • Receipts of income tax for the last 3 years (if applicable)
  • Financial statements for the last 3 years
For Retail
  • NRC ID Card (original/copy)

Detailed Terms and Conditions are listed in the PDF, click on Download to view them. Download

Recurring Deposit Account offers a new experience than the ordinary saving accounts for customers who wish to save their money by setting specific targets, and it is the type of account which can earn more interest.

The following is the type of Recurring Deposit Account.
(1) Wedding Saving Account and Mortgage Account for Retail Customer
(2) General Purpose Saver for Retail and Corporate Customer

Myanmar citizens, over the age of 18, are eligible to open a recurring deposit account (Individual/Joint/Corporate/Business).

Customers shall receive a higher interest rate. Saving Amount (principal & Interest) shall be withdrawn easily by customers. Moreover, customers shall receive Partnership Promotion and other attractive promotions after maturity. Partnership list and promotion are listed on the website.

By the respective type of Recurring Deposit Account, customers can open for 1 year tenor with 8% interest rate.

By account type the following deposit is specified for Recurring Deposit Account:

Minimum 30,000 MMK to unlimited Amount

The amount is to be deposited into the ordinary/Cash saving accounts which after automatically transfer to Recurring Deposit Account as monthly installment.

There are 3 schemes of Recurring Deposit Account

  • Wedding Saving Account (Individual & Joint)
  • Save for Home  Account (Individual & Joint)
  • General Purpose Saving Account  (Individual, Joint, Corporate/Business, Association)

A. No. Recurring Deposit Account cannot be opened separately. A customer shall have an Ordinary/Cash saving account to set up standing instructions for transferring of  monthly installment amount.

B. A customer shall have an ordinary/special saving account as Pay out Account after Maturity.

No. Customer can only transfer monthly installment amount to Pay In CASA account which is linked to Recurring Deposit via OTC or i/m banking.

When customer recurring deposit account is at Maturity, both principal and interest will be transferred automatically to normal/special saving accounts by the System.

No. Joint Holders number numbers are not specified. Pay In and Pay Out’s Joint Holders shall be the same with Recurring Deposit’s Joint Holders.

Customers can Open General Purpose Saver for Corporate Account except Save for home and Wedding Saving Account.

CIF of the account holder must be the same for individuals. If it is a joint account, Recurring Deposit Joint Account Holders must be the same as all the  Joint account holders of Pay In and Pay Out Account.

Yes.

There is no limit account types (Cash and Ordinary) for Pay In and Pay Out Account.

No. If Recurring Deposit is a Joint Account, Pay In Account must be a joint account.

No.

If a customer missed a monthly saving deposit, interest shall be calculated the amount in the Recurring Deposit Account. He/She will not receive the interest for missing the monthly savings deposit.

If a customer opened a recurring deposit account. Daily interest shall be calculated from the starting of account opening date and interest shall be liquidated to recurring deposit monthly.