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Bank Guarantee

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

  • 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 (5.25%) can be entitled on the deposit money as Bank Guarantee at Naypyitaw Development Bank.

NayPyiTaw Sibin Bank

Exchange Rate

16/07/2020

(2:30 pm)

Reference Exchange Rate of
CBM-1378
CurrencyBuy (Kyat)Sell (Kyat)
USD113731381
EURO115001515
SGD1965975
THB14042
MYR1295305

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