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No limitation on deposit and withdrawal transactions;
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Open a deposit account in MNT, USD, EUR, CNY, and JPY
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Easily manage your account with our online banking services.
Demand Deposit
This is a demand deposit service that offers our valued customers the highest interest rate on the Mongolian market.
By entering into a specific agreement regarding deposit and withdrawal transactions, you can accumulate interest at the highest market rate and earn income from that interest.
Our bank offers this demand deposit account in the following five currencies, based on your preference.
Benefits
Terms and conditions
Terms and conditions of demand accounts |
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Currency |
MNT |
USD |
EUR |
CNY |
JPY |
|
Nominal interest rate |
Up to 99,999,999 MNT/Deposit balance/ |
8.0% |
1.5% |
1.2% |
1.2% |
1.2% |
From 100,000,000 to 499,999,999 MNT/Deposit balance/ |
9.0% |
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More than 500,000,000 MNT/Deposit balance/ |
10.0% |
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Effective interest rate |
Up to 99,999,999 MNT/Deposit balance/ |
8.3% |
1.51% |
1.21% |
1.21% |
1.21% |
From 100,000,000 to 499,999,999 MNT/Deposit balance/ |
9.381% |
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More than 500,000,000 MNT/Deposit balance/ |
10.471% |
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Interest payment |
Monthly
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Minimum balance of savings account |
5,000 MNT |
5 USD |
5 EUR |
50 CNY |
500 JPY |
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Notes: It is a product that allows you to earn interest on your money by debit and credit at any time by opening a demand account. |
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Eligibility or required documents
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Customer application form; /download here/
- For Mongolian citizens: Citizen’s ID card;
- For Foreign citizens: Passport and Residence permit in Mongolia;
