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Banking hours now 10am-2pm starting April 28

All banks in Myanmar will open from 10am to 2pm starting April 28 and last for the duration of COVID-19, the Central Bank of Myanmar (CBM) said on April 24.

The decision was made after a video conference between the CBM and private banks on April 21 with the aim of controlling the spread of the deadly virus among bank employees and for banking operations to continue smoothly, the statement said.

Under the original announcement No 14 of the central bank dated August 2, 1999, operating hours of banks are designated from 9:30am to 3pm on weekdays and on the last working day [salary day] the working hours are from 8:30am to 2:00pm.

The new working hours should be announced at a location where the public can have access, the statement said.

Last month, Myanmar banks were also told to continue providing daily services including cash withdrawals during office hours. The banks have been advised by the CBM to ensure there is sufficient cash at their branches and ATMs across the country at all times.

The CBM has also raised transaction limits for mobile banking service providers to facilitate a reduction in cash handling and physical exchange of currency.

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Source : Myanmar Times

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