Categories
Deposit

Terms and conditions

Terms and conditions of demand accounts
Currency
MNT USD EUR CNY JPY
Announced interest rate /annually/
Up to 99,999,999 MNT /Deposit balance/

8.0%

1.5% 1.2% 1.2% 1.2%
From 100,000,000 to 499,999,999 MNT /Deposit balance/

9.0%

More than 500,000,000 MNT /Deposit balance/

10.0%

Real interest /annual/
Up to 99,999,999 MNT /Deposit balance/
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%

Interest payment
Monthly
Minimum balance of savings account
5,000 MNT
5 USD 5 EUR 50 CNY

500 JPY

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.

Categories
Deposit

Other fees

Other fees for current and savings account

Categories
Deposit

Eligibility or required documents

  • Customer application form; /download here/
  • For Mongolian citizens: Citizens ID card;
  • For Foreign citizens: Passport and certificate of alien registration
Categories
Convertible deposit

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
Categories
Convertible deposit

Terms and conditions

Types of services

Short-term
Long-term

Term of deposit

6 months
12 months
Currency
MNT USD MNT

USD

Annual Interest
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
500,000,000 MNT and equivalent USD

Interest payment conditions

Quarterly
Withdrawal condition

Quarterly

Conversion
At any time during the contract period, the full amount of the savings will be made.
Savings book
Free
Categories
Convertible deposit

Other fees

Other fees for current and savings account

Categories
Convertible deposit

Eligibility or required documents

  • Customer application form; /download here/
  • For Mongolian citizens: Citizens ID card;
  • For Foreign citizens: Passport and certificate of alien registration;
Categories
Repaid interest deposit

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
Repaid interest deposit

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

Categories
Repaid interest deposit

Other fees

Other fees for current and savings account