Junior Saving Deposit is a type of saving deposits which can be opened for children under (18) years old by jointy with either parent(s) or guardian(s).

Requirements

  • No limitation of deposit amount.
  • (Minimum) initial deposit -mmk (1,000).
Initial Deposit 1,000 Kyats

 

Feature & Benefits

  • Interest on Junior Saving Deposit is adopted according to CBM’s interest rate notified to CBM’s interest rate notified from time to time.
  • Monthly interest specifically calculated on the basic principle of deposited amount within early (5) days month and the last outstanding balance up to end of month which will be at the quarterly rest.

 

Interest Rate 7.00% p.a