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Bank Guaratee

To be safety and trusty on the Economical Agreements of Government Organizations, Joint Venture Enterprises and Private Enterprises, they usually take Bank Guarantee services. Naypyitaw Sibin Bank collected the service charges for bank guarantee services based on the deposit amount and time according to the discipline of Central Bank of Myanmar to be effective of guarantee.

Types of Bank Guarantee

  • Performance Guarantee
  • Tender Guarantee (or) Bid Bond Guarantee

Rate of Service Charges for Bank Guarantee Services

Up to 3 months0.5%
Up to 6 months1.00%
Up to 9 months1.50%
Up to 12 months2.00%
Up to 1 year and 3 months2.50%
Up to 1 year and 6 months3.00%
Up to 1 year and 9 months3.50%
Up to 2 years4.00%

Benefits

The interest rate (8.25%) can be entitled on the deposit money as Bank Guarantee at Naypyitaw Sibin Bank.

NayPyiTaw Sibin Bank

Exchange Rate

21/01/2020

(11:58 am)

Reference Exchange Rate of
CBM- 1466
CurrencyBuy (Kyat)Sell (Kyat)
USD114661478
EURO115951620
SGD110801087
THB14750
MYR1348364

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