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


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)

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

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
You may also be interested in

Baht – Kyat Border Trade Payment Service
