Document required

Mongolian citizen          Foreign citizen
  • Passport or National ID Card /National ID Card reference is equivalent/  
  • Passport (If necessary, Passport and Certificate of alien registration)

Document required

Mongolian citizen          Foreign citizen
  • Passport or National ID Card /National ID Card reference is equivalent/  
  • Passport (If necessary, Passport and Certificate of alien registration)

NO FEE

Open an account

1,000 MNT

Saving book's fee

10,000 MNT

Minimum balance

NO FEE

Cash deposit

NO FEE

Non-cash deposit transaction

3,000 MNT

Close an account

NO FEE

Open an account

1,000 MNT

Saving book's fee

10 USD

Minimum balance

NO FEE

Cash and Non-cash deposit

NO FEE*

Cash withdrawal

3,000 MNT (equivalent amount USD)

Close an account

*Transactions in which the bank receives deposit interest on the account at the end of the term are non-cash transactions. A fee of 0.5% (min 0.01 USD) is charged when spending non-cash deposited currency in cash.

 

NO FEE

Open an account

1,000 MNT

Saving book's fee

10 EURO

Minimum balance

NO FEE

Cash and Non-cash deposit

NO FEE*

Cash withdrawal

3,000 MNT (equivalent amount EUR)

Close an account

*Transactions in which the bank receives deposit interest on the account at the end of the term are non-cash transactions. A fee of 0.5% (min 0.01 EUR) is charged when spending non-cash deposited currency in cash.

NO FEE

Open an account

1,000 MNT

Saving book's fee

100 CNY

Minimum balance

NO FEE

Cash and Non-cash deposit

NO FEE*

Cash withdrawal

3,000 MNT (equivalent amount CNY)

Close an account

*Transactions in which the bank receives deposit interest on the account at the end of the term are non-cash transactions. A fee of 0.5% (min 0.01 CNY) is charged when spending non-cash deposited currency in cash.

NO FEE

Open an account

1,000 MNT

Saving book's fee

1,000 JPY

Minimum balance

NO FEE

Cash and non-cash deposit 

NO FEE*

Cash withdrawal

3,000 MNT (equivalent amount JPY)

Close an account

*Transactions in which the bank receives deposit interest on the account at the end of the term are non-cash transactions. A fee of 0.5% (min 0.01 JPY) is charged when spending non-cash deposited currency in cash.

Term

12 months

Monthly interest

0.166%

Annual interest

2.0%

* Penalty interests payable on pre-mature withdrawals or payments from time deposit account (annual) – 0.02%

** For customers who have built financially stable relationship with the bank, up to 3 percent/p.a/ can be added to publicly announced interest rate on 3 to 36 months of term deposit that is newly opened or extended with minimum balance of 50 million MNT /50,000 USD/ in Ulaanbaatar or 20 million MNT /20,000 USD/ in rural area under permission of head of relevant department and unit

Term 1 month 2 months 3 months 6 months 9 months 12 months 18 months 24 months 36 months
Monthly interest 0.68% 0.73% 0.81% 0.89% 0.93% 1.04% 1.06% 1.08% 1.10% 1.11% 1.12% 1.13%
Annual interest 8.20% 8.70% 9.70% 10.70% 11.20% 12.50% 12.70% 13.00% 13.20% 13.30% 13.40% 13.50%
Minimum balance 10,000 MNT 300,0 million - 1,0 billion MNT 1,0 billion - 5,0 billion MNT 5,0 billion - 10,0 billion MNT more than 10,0 billion MNT

* Penalty interests payable on pre-mature withdrawals or payments from time deposit account (annual) – 2.40%

** For customers who have built financially stable relationship with the bank, up to 3 percent/p.a/ can be added to publicly announced interest rate on 3 to 36 months of term deposit that is newly opened or extended with minimum balance of 50 million MNT /50,000 USD/ in Ulaanbaatar or 20 million MNT /20,000 USD/ in rural area under permission of head of relevant department and unit

  3 months 6 months 9 months 12 months 18 months 24 months 36 months
Monthly interest 0.15% 0.17% 0.20% 0.25% 0.26% 0.27% 0.5%
Annual interest 1.80% 2.00% 2.40% 3.00% 3.10% 3.20% 6.0%
Minimum balance 10 USD 500 000 USD

* Penalty interests payable on pre-mature withdrawals or payments from time deposit account (annual) – 0.5%

** For customers who have built financially stable relationship with the bank, up to 3 percent/p.a/ can be added to publicly announced interest rate on 3 to 36 months of term deposit that is newly opened or extended with minimum balance of 50 million MNT /50,000 USD/ in Ulaanbaatar or 20 million MNT /20,000 USD/ in rural area under permission of head of relevant department and unit

  3 months 6 months
Monthly interest 0.10% 0.12%
Annual interest 1.20% 1.40%

* Penalty interests payable on pre-mature withdrawals or payments from time deposit account (annual) – 0.5%

** For customers who have built financially stable relationship with the bank, up to 3 percent/p.a/ can be added to publicly announced interest rate on 3 to 36 months of term deposit that is newly opened or extended with minimum balance of 50 million MNT /50,000 USD/ in Ulaanbaatar or 20 million MNT /20,000 USD/ in rural area under permission of head of relevant department and unit

  3 months 6 months 9 months 12 months
Monthly interest 0.1% 0.12% 0.13% 0.15%
Annual interest 1.20% 1.40% 1.60% 1.80%

* Penalty interests payable on pre-mature withdrawals or payments from time deposit account (annual) – 0.50%

** For customers who have built financially stable relationship with the bank, up to 3 percent/p.a/ can be added to publicly announced interest rate on 3 to 36 months of term deposit that is newly opened or extended with minimum balance of 50 million MNT /50,000 USD/ in Ulaanbaatar or 20 million MNT /20,000 USD/ in rural area under permission of head of relevant department and unit