Currency |
MNT |
|
Terms |
12, 18, 24 months |
|
Annual Interest |
Up to 499,999,999 /Deposit balance/ |
Policy interest rate +3.0% |
More than MNT 500 million /Deposit balance/ |
Policy interest rate + 3.5% |
|
Minimum balance |
100,000,000 MNT |
|
Interest payment on early termination |
2.4% |
|
Interest payment conditions |
Quarterly |
|
Withdrawal condition |
Quarterly |
|
Deposit transactions |
Possible |
|
Changes in policy rates |
Deposit interest rates to change |
|
|
Card types |
|
| • Debit |
• Credit |
| Currency | MNT, USD, CNY, EUR |
| Membership fee | 500,000 MNT |
| Validity | 3 years |
| Expedited card issuance fee | 5,000 MNT |
| ATM Withdrawal Fee (Other Domestic Banks) | 500 MNT or equivalent in other currency |
| Balance inquiry fee (Other Domestic bank ATMs) | 100 MNT or equivalent in other currency |
| Balance inquiry fee (Domestic banks) | |
| Pin code recovery at branch (Pinpad) | 1,000 MNT or equivalent in other currency |
| Change/Recover e-pin code | No fee |
| Card re-issuance fee | 250,000 MNT |
| Daily cash withdrawal limit | 50,000,000 MNT or equivalent in other currency |
| Daily purchase limit | 300,000,000 MNT or equivalent in other currency |
| Card account minimum balance | 5,000 MNT/ 10 USD/ 10 EUR / 50CNY |
| Credit limit | 5,000,000-50,000,000 MNT |
| Credit account currency | MNT, USD |
| Monthly minimum repayment | 10% |
| Retail interest charge | 2% /from payment due day/ |
| Cash interest charge | 2.5% /from cash withdrawal day/ |
| Monthly billing statement date | 1st of every month |
| Repayment date | 20th of every month |
| Interest fee-free period | Up to 50 days |
| Overlimit rate fee | 5.0% |
| Monthly late payment charge | 1% (min 10,000 MNT, 10 USD) |
| Credit reference fee /Per inquiry/ | 1,000 MNT |
| Flexible term deposit |
Conditions |
|||
| Currency |
MNT |
USD | JPY | |
| Terms |
3 months |
|||
| Nominal interest rate | 0 – 99,999,999 MNT and equivalent currency |
6.0% |
2.0% |
1.5% |
| 100,000,000 – 499,999,999 MNT and equivalent currency |
7.0% |
2.25% |
1.75% |
|
| More than 500,000,000 MNT or equivalent currency |
8.0% |
2.5% |
2.0% |
|
| Effective interest rate | 0 – 99,999,999 MNT and equivalent currency |
6.17% |
2.02% |
1.51% |
| 100,000,000 – 499,999,999 MNT and equivalent currency |
7.23% |
2.27% |
1.76% |
|
| More than 500,000,000 MNT or equivalent currency |
8.30% |
2.53% |
2.02% |
|
| Minimum balance |
10,000 MNT |
10 USD |
1,000 JPY |
|
| Interest payment |
Monthly |
|||
| Withdrawal |
Allowed |
|||
| Deposit |
Allowed |
|||
Dear Customer, by depositing the interest you received into your savings account on the same day, you will have the opportunity to earn a return based on the “Effective Interest Rate”. If the interest is not re-deposited into your savings account, your returns will be calculated based on the Nominal Interest Rate.