Gold deposit (XAU)
Primarily designed for those who are engaged in gold production and mining business. The product’s main objective is to offer a savings account service dedicated to our customer’s physical gold. It will ensure maximum protection in a safest environment. While covering the risk of holding our customer’s physical gold for a certain period, we offer an interest rate for the savings account we are offering.
Benefits
  • Covering from all types of theft, fraud and gold price change risks;
  • Interest rate will be based on international gold prices and expressed in Troy ounces (OZ);
  • No fees charged on withdrawals and other transactions from the account.
Terms and conditions

Gold deposit terms

Account currency

XAU- GOLD /OZ/

Tenor

1 – 3 months

Annual Interest rate

3.00%

Interest rate upon early termination of contract /annual/

1.50%

Minimum deposit

Interest payments

At the end of the contract or maturity

Open account fee

Free

Savings book

Free

Fees and charges
Eligibility or required documents
  • Application form for legal entities /download here/;
  • An official letter for opening a new bank account on company headed notepaper;
  • An original copy and a copy of license from the Mongolian Financial Regulatory Commission;
  • Notarized copy of the ‘State Registration Certificate’;
  • Notarized copy of the Company’s ‘Charter or Memorandum of Association (MOA);
  • Notarized signature of the applicant /download here/;
  • Declaration of Beneficial Ownership /download here/;
  • Copy of the ID card of the authorized personnel to operate the account;
  • Additional documents /if necessary/.