- Covering from all types of theft, fraud and gold price change risks;
- Interest rate will be based on international gold prices and expressed in Troy ounces (OZ);
- Receive interest payments every quarter;
Categories
Category: Gold deposit (XAU)
Primarily designed for those who are engaged in gold production and mining business. The product’s main objective is to offer a savings account service dedicated to our customer’s physical gold. It will ensure maximum protection in a safest environment. While covering the risk of holding our customer’s physical gold for a certain period, we offer an interest rate for the savings account we are offering.
Categories
Terms and conditions
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Gold deposit terms |
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| Account currency |
XAU- GOLD /OZ/ |
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| Tenor |
1 – 3 months |
6 months |
9 months |
12 months |
| Annual Interest rate |
2.25% |
2.5% |
2.75% |
3.0% |
| Interest rate upon early termination of contract /annual/ |
1.0% |
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| Fees for withdrawing cash from savings |
1.5% |
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| Minimum deposit |
– |
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| Interest payments |
Quarterly |
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| Savings book |
Free |
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Categories
Fees and charges
- Application form for legal entities /download here/;
- An official letter for opening a new bank account on company headed notepaper;
- An original copy and a copy of license from the Mongolian Financial Regulatory Commission;
- Notarized copy of the ‘State Registration Certificate’;
- Notarized copy of the Company’s ‘Charter or Memorandum of Association (MOA);
- Notarized signature of the applicant /download here/;
- Declaration of Beneficial Ownership /download here/;
- Copy of the ID card of the authorized personnel to operate the account;
- Additional documents /if necessary/.