Rupee – Kyat
Border Trade Payment Service

Business Banking > Other Services

Rupee – Kyat
Border Trade Payment Service

Business Banking > Other Services

About Rupee – Kyat Border Trade Payment Service

All Myanmar businesses taking part in Myanmar – India Border Trade can now get Rupee – Kyat Border Trade Payment Service at Yoma Bank.

Choose the perfect Trade Payment service for you

Features & Benefits

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MMK Cash Withdrawal Charges – None

Yoma Certified Chequebook – Make easy withdrawals or direct payments without the need for physical cash

Monthly Statements – Receive official statements of your day-to-day banking activities

Account to Account Transfer Charges between Yoma Bank Foreign Currency (Indian Rupee) Accounts – INR 200 (No maximum/minimum transfer limit)

Requirements

For Business Customers

  • NRC/Passport of Authorized Person
  • Visa Page (Valid Business Visa)
  • Application Letter (Company Letter Head with MD/Chairman Signature and Stamp)
  • Initial Deposit Limitation Amount
  • Import / Export License (If Import/Export Company)
  • Board of Director’s Meeting Minutes & Meeting Resolution (Company Letter Head with the signatures of more than 75% of persons from DICA’s List)
  • Certification of Incorporation
  • Memorandum of Association (MOA) / Articles of Association (AOA)
  • Myanmar Traders Membership (if needed)
  • Official Transfer of Authority to the Agent, Invoice and Sales Contract (if with Agent)
  • Account Opening Charges – MMK 10,000
  • Initial Deposit Amount (Currently waived)
requirement
Remark

Currently, Rupee – Kyat Border Trade Payment Services are only available to Business Customers doing businesses on Myanmar – India Border Trade.

Before using the service, please review the following information

Service Details

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The services provided by Yoma Bank are as follows:

  • Foreign Currency (Indian Rupee) account
  • Foreign Currency (Indian Rupee) chequebook
  • Inward/Outward Remittance between any India banks and Yoma Bank’s Foreign Currency (Indian Rupee) account via Telegraphic Transfer (TT)
  • Letter of Credit (LC), Document against Acceptance (DA) and Document against Payment (DP) services (Border Trade only)
  • Direct transfer between Yoma Bank Foreign Currency (Indian Rupee) accounts
  • MMK cash withdrawal based on daily exchange rates

 

 

 

  • Yangon Main Branch
  • Mandalay Main Branch
  • Kalay Branch

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