Personal Account
AGD provides a variety of personal accounts and financial planning products, made simple, to help your money grow.
You can save whatever and whenever you want and earn 2-8.75% interest per annum, depending on which account you open with us.
Current Account
Our Current Account or Checking Account has everything you need for quick and hassle-free, everyday banking. It is a non-interest earning account that gives you instant and convenient access to your money.
It means that you can stop handling so much cash every day and choose to access your money with either a complimentary passbook or a complimentary checkbook. You can also get a personal debit card* allowing you easy and instant access to your money, either at an ATM, or by using it to buy goods in shops or online.
To make it easy and safe to keep track of your money, you can access your information online and through our mobile banking app - giving you the freedom to do all your banking at your convenience, anytime and from any location. You will also have access to any of our 77 branches and benefit from 24/7 customer service.
*Debit card provided on request only if you don't already have an AGD Bank Debit Card linked to another account.
A simple and efficient banking solution that allows you to effectively manage your day-to-day finances.
Features
- Minimum balance of MMK 1,000
- Non-interest bearing account
- Cheque book facility
- EMV chip-based co-badged (MPU / UPI) debit card (individual)
- 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)
Benefits
- Convenience and security
- Access ATM and merchant outlets through POS terminals (inside and outside of Myanmar)
- Lock and unlock the card using the mobile application (AGD Pay)
- Any branch banking services
- Free cheque book
Eligibility
- Myanmar citizen aged 18 years or over (Sole or Joint account)
- Foreign nationals residing in Myanmar with valid Visa
- Sole Proprietorship / Partnership / Pvt. Limited companies registered in Myanmar
Documents required
Individual
- NRC Copy (Myanmar national)
- Passport copy with valid Visa (Foreign National )
Company
- Company registration documents
- Identification documents (NRC / Passport) of the beneficial owners
- Memorandum of Association / Article of Association (in case of Pvt. Ltd)
- Partnership deed (in case of partnership company)
Savings Account
This is our most popular account, and a simple way to start saving and see your money grow. You can save whenever you want and earn up to 6.25% interest per annum.
Features
- Minimum balance of MMK 1,000
- Interest bearing account
- EMV chip-based co-badged (MPU/UPI) debit card
- Internet banking, mobile banking app services
- Passbook/Paper statement as and when requested and eStatement
- Can be opened in local currency (MMK) only
Benefits
- Convenience and security
- Interest earned on savings
- Access ATM and merchant outlets through POS terminals (inside and outside Myanmar)
- Lock and unlock the card using our mobile application (AGDPay)
- Any branch banking services
Rates and Fees
- Interest rate - 6.25% p.a.
- Interest payment frequency - quarterly
- Free co-badged MPU / UPI debit card
- Free AGD Pay registration
Eligibility
- Myanmar citizen aged 18 years or over (Sole or Joint account)
Documents Required
- NRC Copy / Passport
Children’s Savings Account (below 12 years)
Start saving for your child’s future today and see your money grow as they do.
Documents Required
- 1x copy of applicant's birth certificate
- 1x copy of NRC of guardian
- 1,000 kyat initial deposit
Student Savings Account (12-17 years)
Give your children peace of mind as they study hard for their future, and open a Student Savings Account now.
Documents Required
- 1x copy of NRC of applicant
- 1x copy of NRC of school teacher
- Recommendation letter from a teacher
- 1,000 kyat initial deposit
Special (Call) Account
Features
- Initial deposit of MMK 10,000
- Minimum balance of MMK 1,000
- Interest bearing account
- Free EMV chip-based co-badged (MPU/UPI) debit card
- Free AGD Pay registration
- 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
- Access ATM and merchant outlets through POS terminals (inside and outside of Myanmar)
- Lock and unlock the card using the mobile application (AGD Pay)
- Any branch banking services
Rates and Fees
- Interest rate - 4% p.a. - Balance above MMK 200 million Kyats
- Interest rate - 2% p.a. - Balance below MMK 200 million Kyats
- Interest payment frequency - monthly
Eligibility
- Myanmar citizen aged 18 or over (Sole or Joint account)
- Sole Proprietorship/Partnership/Pvt.Limited companies registered in Myanmar
Documents Required
Individual
- NRC Copy/Passport
Fixed and Happy Deposit Account
Our Fixed Deposit Account is a smart and trusted way to make your money grow faster, as you get a higher interest rate when you leave your money in the account for pre-arranged periods of time.
You can stipulate how long those periods of time are, whatever suits your needs. We then guarantee a fixed rate of return, up to an unbeatable 8.25% per annum.
You can also then take out a loan against these deposits and get a personal credit card, guaranteed against the deposits.
Normal Fixed Deposit Account
Features
- Initial deposit of MMK 10,000
- Interest bearing account
- Fixed Deposit Certificate
- 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 fixed deposit
Rates and Fees
| Tenure | Interest rate (p.a.)* |
| 1 month | 6.25% |
| 3 months | 7.30% |
| 6 months | 7.55% |
| 9 months | 7.80% |
| 12 months | 8.25% |
| 24 months | 8.75% |
Interest payment frequency – on maturity
Eligibility
- Myanmar citizen age 18 or over (Sole or Joint account)
- Sole Proprietorship/Partnership/Pvt. Limited companies registered in Myanmar
Individual
- NRC Copy/Passport
Happy Fixed Deposit Account
Features
- Initial deposit 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- 8% (p.a.)*
- Interest payment frequency - on a monthly basic
Eligibility
- Myanmar citizen age above 18 years (Sole or Joint account)
- Sole Proprietorship/Partnership/Pte Ltd Company registered in Myanmar
- The customer needs to open a nominee account (i.e. Savings/Current/Call) for the monthly payment of interest.
Documents Required (if you do not have an account with AGD bank)
Individual
- NRC Copy/Passport