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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.
Author: Batbayar
Categories
Terms and conditions
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Terms and conditions of demand accounts
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Currency
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MNT | USD | EUR | CNY | JPY | |
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Announced interest rate /annually/
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Up to 99,999,999 MNT /Deposit balance/
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8.0% |
1.5% | 1.2% | 1.2% | 1.2% |
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From 100,000,000 to 499,999,999 MNT /Deposit balance/
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9.0% |
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More than 500,000,000 MNT /Deposit balance/ |
10.0% |
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Real interest /annual/
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Up to 99,999,999 MNT /Deposit balance/
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8.3% | 1.51% | 1.21% | 1.21% | 1.21% |
| From 100,000,000 to 499,999,999 MNT /Deposit balance/ | 9.381% | |||||
| More than 500,000,000 MNT /Deposit balance/ |
10.471% |
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Interest payment
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Monthly
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Minimum balance of savings account
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5,000 MNT
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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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Categories
Other fees
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Eligibility or required documents
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Customer application form; /download here/
- For Mongolian citizens: Citizens ID card;
- For Foreign citizens: Passport and certificate of alien registration
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Benefits
- High interest return in shorter period of time;
- Hedging against exchange rate risk;
- Earn your interest on quarterly basis;
- Withdrawals are allowed for 7 calendar days in each quarter
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Terms and conditions
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Types of services |
Short-term | Long-term | ||
| Term of deposit | 6 months |
12 months |
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Currency |
MNT | USD | MNT | USD |
| Annual Interest | 15.00% | 5.0% | 16.0% |
6.0% |
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Effective interest rate |
15.9% | 5.1% | 17.0% |
6.1% |
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Interest payment on early termination |
2.4%-4.8% | 1.20% | 2.4%-4.8% | 1.20% |
| Minimum balance | 200,000,000 MNT and equivalent USD |
500,000,000 MNT and equivalent USD |
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Interest payment conditions |
Quarterly | |||
| Credit conditions |
Quarterly |
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Debit conditions |
Possible. With the approval of the Chief Financial Officer | |||
| Conversion |
At any time during the contract period, the full amount of the savings will be made. |
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Categories
Other fees
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Customer application form; /download here/
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For Mongolian citizens: Citizens ID card;
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For Foreign citizens: Passport and certificate of alien registration;
Categories
Benefits
- Earn monthly interest on your deposits; ensuring a steady source of income;
- Deposit transactions are allowed anytime;
- Benefit from a higher than market average interest rate;
Categories
Terms and conditions
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Account currency |
MNT | USD |
| Term of deposit |
Annual Interest |
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| 3 – 6 months |
11.3% |
3.8% |
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7 – 12 months |
12.5% | 3.8% |
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Interest payment on early termination |
2.4%-4.8% |
1.2% |
| Minimum balance | 1,000,000 MNT |
1,000 USD |
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Interest payment conditions |
Every month | |
| Savings book |
Free |
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