CB Bank introduces CB Bank Import Bill Collection service for importers

CB Bank has introduced the Import Bill Collection DP/DA service, which is currently being used by major importers to facilitate the purchase of goods from overseas distributors.

The two services available in the Import Bill Collection are as follows:

(1) In DP (Document against Payment) system, the customer can pay and withdraw the documents from the bank.

(2) In the DA (Document against Acceptance) system, the customer can withdraw the documents from the bank with the promise of payment on the due date.

With this service, customers can check the documents received at the bank and pay to the overseas distributor through CB Bank which is also said as a booster for customer confidence. Photo Souce https://web.facebook.com/CBBankmyanmar/?ref=page_internal

Visit the following link for more info about the Import Bill Collection service.

https://cbbank.me/ImportBillCollection

CB Bank currently offers Special Fixed Deposit through Special Account at CB Bank branches. Special Fixed Deposit through the Special Account can be submitted for a period of one month, three-month, six months, nine-month, and twelve months.

The interest rate for Special Fixed Deposit is as follows.

1-month interest rate 8.50%

3 months interest rate 9%

6 months interest rate 9.25%

9 months interest rate 9.35%

12 months interest rate 9.50%

Opening Special Account and Special Fixed Deposit Service can be done at all CB Bank branches and customers don’t have to get a token in advance.