- 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;
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Author: Batbayar
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Terms and conditions
|
Account currency |
MNT | USD |
| Term of deposit |
Annual Interest |
|
| 3 – 6 months |
11.3% |
3.8% |
|
7 – 12 months |
12.5% | 3.8% |
|
Interest payment on early termination |
2.4%-4.8% |
1.2% |
| Minimum balance | 1,000,000 MNT |
1,000 USD |
|
Interest payment conditions |
Every month | |
| Savings book |
Free |
|
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Other fees
-
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
-
Benefit from the highest deposit interest rates offered by the bank;
-
Open a deposit account for children under 18 years of age, with the flexibility to extend it annually;
-
Directly receive your children’s “Child Money” into their deposit account;
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Types of services
|
Conditions |
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Account currency
|
MNT | USD | EUR | CNY | JPY |
|
Annual Interest
|
It is the same as the ordinary 12 month deposit rate at the time. |
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|
Interest payment on early termination |
2.4%-4.8% | 1.2% | 0.6% | 0.6% | 0.6% |
| Minimum balance | 10,000 MNT | 10 USD | 10 EUR | 100 CNY |
1,000 JPY |
|
Interest payment conditions |
Every year
|
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Savings book
|
Free |
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Other fees
- Customer application form /download here/
- Birth certificate of the child opening a savings account
- Identity card of the parents
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Domestic Bank Guarantee
Any procurement of goods and services financed by the state budget of Mongolia, typically require three types of bank payment guarantees. The Transport and Development Bank issues those guarantee services to the beneficiaries. These include:
- Bid Bond
- Performance Bond / Security
- Advance Payment Guarantee
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Payment Guarantee
In a business relationship, the parties are obliged to fulfill certain obligations under the contract, and in the event of failure to perform its obligations. The payment guarantee ensures the performance of the all parties in accordance with the terms and condition of the signed contract.