Corporate Accounts

Here at AGD, we offer a wide range of corporate accounts tailored to your business requirements, including current, savings, special (call) and fixed and happy fixed deposit accounts.

Current Account

Savings Account

Special (Call) Account

Fixed and Happy Fixed Deposit Account

Current Account

A business current account is a simple and efficient banking solution that allows you to effectively manage your business finances.

With an initial deposit of 1,000 Kyats which is the required minimum balance of the account, you will receive a complimentary AGD Card Account and a free MPU Debit Card.

AGD account to account transfer, Remittance charges will not be free for all products except AGD pay and SMS charges 25 Kyat will be collected. For the Remittance via bank, Remittance charges 0.05% and SMS charges 25 Kyats will be collected.

Eligibility 
  • Foreign nationals residing in Myanmar having a valid visa
  • Sole Proprietorship/ Partnership / Pvt. Limited Companies registered in Myanmar
Documents required
 
Company:

For Sole Proprietorship/ Partnership

  • Identification documents (NRC/Passport) of the beneficial owners
  • Business License
Company Limited
  • Company registration documents
  • Form E, Form 6, Form 26
  • Identification documents (NRC/Passport) of the beneficial owners
  • Memorandum of Association / Article of Association (in case of Pvt. Ltd) 
  • Bank Account Application Letter with Company Letter Head
  • Meeting Minutes with Company Letter Head
  • QA 22 Form (if foreigners are included in the account operation)

 ​​​​​​

Savings Account

Grow your savings without limiting your cash flow with our AGD Business Savings Account, which gives you access to a range of banking conveniences. 

You can save whatever and whenever you want and earn up to 8.60% interest per annum, and you can withdraw any amount every 3 months.

With an initial deposit and balance of just 1,000 Kyats and, if you keep a balance of at least 1,000 Kyats, you get a personal debit card. This allows you easy and instant access to your money, either at an ATM or by using it to buy or pay for services online. 

AGD account to account transfer, Remittance charges will be free and SMS charges 25 Kyaut will be collected. For the Remittance via bank,  Remittance charges 0.05% and SMS charges 25 Kyats will be collected.

You will also have access to any of our 77 branches and benefit from 24/7 customer service 

Documents required 

For Sole Proprietorship/ Partnership

  • Identification documents (NRC/Passport) of the beneficial owners
  • Business License
Company Limited
  • Company registration documents
  • Form E, Form 6, Form 26
  • Identification documents (NRC/Passport) of the beneficial owners
  • Memorandum of Association / Article of Association (in case of Pvt. Ltd)
  • Meeting Minutes with Company Letter Head
  • Bank Account Application Letter with Company Letter Head
  • QA 22 Form (if foreigners are included in the account operation) 

Special (Call) Deposit Account
 

Features:

  • Minimum Balance of MMK 1,000
  • Initial deposit of MMK 10,000
  • Daily interest bearing account
  • Internet banking, mobile banking app services and SMS alert
  • Passbook/paper statement as and when requested and eStatement 
  • Can be opened in local currency (MMK) only

Benefits:

  • Convenience and security 
  • Interest earned on deposit calculated on daily balance 
  • Any branch banking services 

Rate and Fees

  • Interest rate - 6% p.a. - Balance above MMK 10M
  • Interest rate - 4% p.a. - Balance below MMK 10M
  • Interest payment frequency - monthly 

 

Fixed and Happy Deposit Account

A Fixed Deposit Account is an interest-bearing account where a fixed amount is held at a fixed interest rate and is repayable (principal/interest) at a fixed future date as agreed at the time of placement of the deposit.
 

Normal Fixed Deposit Account
 
Features
  • Initial Deposit of MMK 100,000
  • Highest interest bearing account
  • Passbook/Fixed Deposit Receipt 
  • Can be opened in local currency (MMK) only
Benefits
  • Security 
  • Higher interest rate
  • Automatic renewal/ disposal of interest and principal as per the customer instruction 
  • Loan against a fixed deposit (Lien)
Rate and Fees 
Tenure Interest rate (p.a.)*
1 month 8.70%
3 months 9.25%
6 months 9.50%
9 months 9.75%
12 months  10%

Interest payment frequency - on maturity 

Happy Fixed Deposit Account

 

Features
  • Minimum balance of MMK 1,000,000
  • Interest bearing account
  • 1 Year Fixed Deposit 
  • Fixed Deposit Certificate
  • Can be opened in local currency (MMK) only 
Benefits 
  • Security 
  • Higher interest rate 
  • Monthly interest payment
  • Loan against fixed deposit
  • Automatic renewal/disposal of interest and principal as per the customer instruction
Rates and Fees
  • Interest Rate- 9.5%  (p.a.)*
  • Interest payment frequency - on a monthly basic 

For more information, write to us at [email protected], and we will get back to you.