- Allows you to make withdrawals from a deposit account every quarter for a calendar week
- Receive interest payments every quarter
- If the policy interest rate announced by the Bank of Mongolia changes, the interest rate on your deposit will change accordingly
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- Corporate Banking
- Deposit account
Floating interest deposit
Floating interest deposit
The advantage of this deposit is that depending on the economic situation, the interest rate will change in accordance with the policy rate of the Bank of Mongolia.
Advantages
Terms and conditions
Terms and conditions | ||
Tenor | MNT | |
Duration | 12, 18, 24 months | |
Annual interest rate | Up to 499,999,999 MNT
/Deposit balance/ |
Policy interest rate + 3.0% |
More than 500 million MNT
/Deposit balance/ |
Policy interest rate + 3.5% | |
Minimum deposit | 100,000,000 mnt | |
Interest rate upon early termination of contract/annual/ | 2.4%-4.8% | |
Interest capitalization | Quarterly | |
Withdrawal condition | Quarterly | |
Deposit condition | Possible | |
As a modification in the policy interest rate | Deposit interest rates are subject to change |
Eligibility or required documents
- Application form for legal entities /download here/;
- An official letter for opening a new bank account;
- Notarized copy of ‘State Registration Certificate’;
- Notarized copy of Company’s ‘Charter or Memorandum of Association (MOA);
- Notarized signature of applicant /download here/;
- Declaration of Beneficial Ownership /download here/;
- Copy of ID card of the authorized personnel to operate the account;
- Additional documents /if necessary/.