From January 1, 2023, the following changes are taking place in the terms of open-ended deposits of the TransBank.
Annual interest on demand deposit:
MNT | USD | EUR | CNY | JPY |
8.0% | 1.2% | 1.20% | 1.20% | 1.20% |
According to Article 18, Clause 18.1 of the Law “On Preventing and Combating the Pandemic of the Corona Virus /Covid-19, and Reducing the Negative Impact on Society and Economy”, it will expire on December 31, 2022. In the event of termination, the above conditions will apply.