Herder's encouragement account
Unlock the benefits of the Mongolian government’s initiative to support domestic sheep wool producers. With the Herder's Encouragement Account, households engaged in sheep wool production can receive their government-distributed bonuses conveniently and securely.
Service condition
Currency:
MNT
Herder's encouragement account / MNT
| Open a current account | Free of charge |
| Minimum balance requirement | Not applicable |
| Interest on daily balance of current account (annual) | No interest |
| Cash withdrawal from account | Free of charge |
| Cash deposit into account | Free of charge |
| Maintenance fee for current account (monthly) | 200 MNT |
| Account Closure Fee | Free of charge |
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At the end of the period of your choosing, you will be able to deduct interest on your savings.
