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 Development 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
Rate of Service Charges for Bank Guarantee Services
|Up to 3 months||0.5%|
|Up to 6 months||1.00%|
|Up to 9 months||1.50%|
|Up to 12 months||2.00%|
|Up to 1 year and 3 months||2.50%|
|Up to 1 year and 6 months||3.00%|
|Up to 1 year and 9 months||3.50%|
|Up to 2 years||4.00%|
The interest rate (5.25%) can be entitled on the deposit money as Bank Guarantee at Naypyitaw Development Bank.
|Currency||Buy (Kyat)||Sell (Kyat)|