- Make withdrawals from the deposited savings at a pre-agreed fixed amount;
- At the end of the term, get the balance of the deposit with compounded interest.
Category: Home
Terms and Conditions
Terms and Conditions |
|
Currency | MNT only |
Annual interest rate | 14.00% |
Available terms | 6, 9, 12 months |
Additional deposit during the term | Not allowed |
Minimum deposit | 500,000,000 MNT |
Withdrawal condition | Frequency: monthly |
Amount: to be negotiated | |
Limit: Withdrawal amount shall not exceed 40% of the initial deposit sum. | |
Early termination without penalty interest | Each quarter |
Interest rate upon early termination of contract /annual/ | 2.4%-4.8% |
Explanation: The client deposits his/her funds and can withdraw a fixed amount every month.
Advantages
- Make withdrawals from the deposited savings at a pre-agreed fixed amount;
- At the end of the term, get the balance of the deposit with compounded interest.
Terms and Conditions
Terms and Conditions |
|
Currency | MNT only |
Annual interest rate | 14.00% |
Available terms | 6, 9, 12 months |
Additional deposit during the term | Not allowed |
Minimum deposit | 500,000,000 MNT |
Withdrawal condition | Frequency: monthly |
Amount: to be negotiated | |
Limit: Withdrawal amount shall not exceed 40% of the initial deposit sum. | |
Early termination without penalty interest | Each quarter |
Interest rate upon early termination of contract /annual/ | 2.4%-4.8% |
Explanation: The client deposits his/her funds and can withdraw a fixed amount every month.
Advantages
- At the end of the savings period, you will have a high yield on tugrik
- At the end of the savings period, the official U.S. dollar provision announced by the Mongolian bank is appreciated against the currency of account opened date by at least as a percentage of the savings interest rate (after tax savings interest rate), principal deposit amount shall be obtained at currency of account opened date
- Even if early termination of deposit is occurred, shall have a high yield .
Terms and conditions
Account currency | MNT |
Tenor | 12 months |
Annual Interest rate | 13.20% |
Minimum deposit | 50,000,000 MNT |
Interest rate upon early termination of contract /annual/ | 2.4%-4.8% |
Interest payments | At the end of the contract |
Conditions for earning income | Impossible |
Withdrawals | At the end of the contract |
Explanation:
At the end of the savings period, the official U.S. dollar provision announced by the Mongolian bank is appreciated against the currency of account opened date by at least as a percentage of the savings interest rate (after tax savings interest rate), principal deposit amount shall be obtained at currency of account opened date. |
Eligibility or required documents
- Customer application form /download here/;
- Documents required:
- For Mongolian citizens: Citizens ID card;
- For Foreign citizens: Passport and certificate of alien registration.
International wire transfers take approximately 1 to 3 business days.
Detailed information about the beneficiary name, account number, full address, beneficiary bank’s swift code, name, address, and remittance purpose must be filled in accurately and legibly.
We offer international remittances services in all major currencies including USD, GBP, RUB, JPY, CNY, EUR, HKD, and SGD.
For an individual:
Please visit any of the TransBank branch with your ID card or please send your request to info@transbank.mn from your registered email address.
For a legal entity:
Please visit any of the TransBank branch with an official letter request or please send your request to info@transbank.mn from the legal entity’s registered email address.
In this case, you can visit the branch with your ID or by calling our Customer Service Center at 7716-9999 for your login name
А one-time password is used when accessing from new devices as well as transactions above MNT 3.0 million., you can receive it through the email, SMS, and/or OTP application. Please note that a one-time password is valid for 2 minutes!
You can reset your password by calling the Customer Service Center at 7716-9999. You can also reset your password by going to the “Password Recovery” section of the Transbank application and entering your You may also reset your password by visiting any of our branches with your ID card.
For an individual:
- You may open our internet banking service at any of TransBank branch with your ID card.
For a legal entity:
- We request an official letter signed by an authorized signature and copy of ID card.