Maxima Deposits Account, Maxi-Cash Account
Maxima Deposits Account
An ideal account for your long-term fixed income investment. Fastest way to make your money grow securely and safely, with highest unbeatable interest rates.
You can choose from a wide variety of tenures, whatever suits your needs. We then guarantee a fixed rate of return, up to an amazing 10% per annum.
Features
- No deposit amount limits
- Interest bearing account
- Can be opened in local currency (MMK) only
Benefits
- Security
- Highest interest rates
- Automatic renewal/disposal of interest and principal as per the customer instruction
- Various tenures
Rates and Fees
Tenure | Interest rate (p.a.)* |
1 month | 8.50% |
3 months | 9.25% |
6 months | 9.4% |
9 months | 9.4% |
12 months | 10% |
Eligibility
- Myanmar citizen age 18 or over (Sole or Joint account)
- Sole Proprietorship / Partnership / Pvt. Limited companies registered in Myanmar
- Deposits can only be done by both cash, other bank cheques or interbank transfer
Documents Required (if you do not have an account with AGD bank)
Individual
• NRC Copy/Passport
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)
Maxi-Cash Account
An ideal account for saving and earning at the same time with up to an amazing 9.75% per annum.
Fastest way to enjoy monthly fixed rate of return in cash. You can choose from a wide variety of tenures, whatever suits your needs.
Features
· Cash payouts
· Interest bearing account
· Can be opened in local currency (MMK) only
Benefits
· Monthly interest withdrawal
· High interest rates
· Automatic renewal/disposal of interest and principal as per the customer instruction
· Security
· Various tenures
Rates and Fees
Tenure | Interest rate (p.a.)* |
1 month | 8.5% |
3 months | 9% |
6 months | 9.25% |
9 months | 9.35% |
12 months | 9.75% |
Eligibility
· Myanmar citizen age 18 or over (Sole or Joint account)
· Sole Proprietorship / Partnership / Pvt. Limited companies registered in Myanmar
· Deposits can only be done by both cash, other bank cheques or interbank transfer
· Minimum deposits amount of MMK 10 Million
Documents Required (if you do not have an account with AGD bank)
Individual
• NRC Copy/Passport
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)
Fixed 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 | 7.25% |
3 months | 8.25% |
6 months | 8.5% |
9 months | 8.5% |
12 months | 10% |
Interest payment frequency - on maturity