FAQs

Restricted businesses are real estates, finance and insurance services, jewelry businesses, alcohol shops, firearms and ammunitions, gambling, casinos, agriculture services that affect the environment and society, unlawful activities such as drugs and other drug-related businesses are restricted from applying a loan.

No, SME Long Term Investment Loan powered by JICA cannot be applied with more than one bank. No, SME Long Term Investment Loan powered by JICA cannot be applied with more than one bank.No, SME Long Term Investment Loan powered by JICA cannot be applied with more than one bank.

If and when you lose your saving passbook,please contact and inform your nearest branch as soon as possible. You can apply for a replacement passbook at the account holding branch.You will need to bring a statement from the police station.

If and when you lose your cheque book (or) saving passbook,please contact to our 24/7 Call Center (or) inform nearest branch as soon as possible.You can apply for a replacement book at the account holding branch.

You cannot add anyone to your individual account.You will  have to open a sperate joint account.

To open a company account,customer will be requested to provide below ;

  • Company Registration
  • Board of Driector Resolution
  • certificate of Incorporation
  • Other documents,if required

Initial deposit required for opening loacl currency account are as follows: MMK1000

Account can be opened in 3 types of foreign currencies

  • USD
  • SGD
  • EUR

Parents or legal guardian can withdraw on behalf of the child at the account holding branch.

SMED Bank requires full information such as,name,NRC,contact details and transfer amount of cash.

Yes,you can make remittance with NRC Card if you do not have a SMED Bank Account.

Foreign currency account can be opened at 

 

  • Pasoden Branch

  • Bogyoke Zay Branch

  • Kamaryut Branch

  • Mandalay Branch (1)

  • Naypyitaw Branch

  • Monywa Branch

  • Myawaddy Branch

 

Initial deposit amount to open a foreign currency account is USD 100 (or) SGD 100 (or) EUR 100.For seman, uab bank is offering a Zero balance account.

SMED bank offers all types of commercial and personal loans,such as; Overdraft,Term Loan,Bills Discounting,Post-shipment Loans for exporters,Receivable Financing,Contract Financing,Pledge Loan,Loan against deposit,Auto Loan,Home Loan,Salary Loans,Education Loan,Credit Cards and Hire Purchase Loans.

SMED Bank requires full information such as,Hire Purchase Application,Sales Contract (or) Sales Invoice,Employer Company Information,NRC and Household Certificate.

SMED bank offers all types of commercial and personal loans,Such as; Overdraft,Term Loan,Bills Discounting,Post-shipment Loans for exporters,Receivable Financing,Contract Financing,Pledge Loan,Loan against deposit,Auto Loan,Home Loan,Salary Loans,Education Loan,Credit Cards and Hire Purchase Loans.

SMED bank offers a wide variety of deposits,loans,remittances,cards and digital productss.To learns about our different deposit accounts