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Employer’s Incentive Savings |
Conditions |
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Account currency |
MNT, USD |
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Terms |
12 months |
24 months |
36 months |
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Annual interest rate |
MNT |
13.50% |
14.00% |
14.00% |
|
14.37% |
14.93% |
14.93% |
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USD |
4.00% |
5.00% |
5.50% |
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|
4.07% |
5.12% |
5.64% |
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Effective rate |
MNT |
14.40% |
14.90% |
14.90% |
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USD |
4.07% |
5.10% |
5.60% |
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Interest rate upon early termination of contract |
– |
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A fixed monthly income for the employer |
1% of basic salary – …% /Decided within the framework of the organization’s policy./ |
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A fixed monthly income for the employee |
1% of basic salary – …% /Decided within the framework of the organization’s policy./ |
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The percentage of earnings returned to the employee from the savings contributed by the employer at the time of termination of the savings |
Decided within the framework of the organization’s policy. |
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Deposit condition |
Possible |
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Withdrawal condition |
End of the term |
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Interest capitalization |
Monthly |
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