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Author: Batbayar
- Customer application form; /download here/
- For Mongolian citizens: Citizens ID card;
- A copy of the license issued by the Financial Regulatory Commission /with the original/
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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.
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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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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
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Long-term
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Term of deposit |
6 months
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12 months
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Currency
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MNT | USD | MNT |
USD |
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Annual Interest
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15.00% | 5.0% | 16.0% | 6.0% |
| 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
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500,000,000 MNT and equivalent USD
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Interest payment conditions |
Quarterly | |||
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Withdrawal condition
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Quarterly |
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Conversion
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At any time during the contract period, the full amount of the savings will be made. | |||
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Savings book
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Free | |||
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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;