|Minimum balance requirement||1,000,000 MNT||1,000 USD|
|Interest rate /annual/||3 months||8.60%||2.00%|
|Penalty rate*||Saved for 0-6 months||2.40%||0.20%|
|Saved for more than 7 months||0.50%|
* Depending on saved duration, fixed penalty rates are payable on pre-mature withdrawals or account closing.
Fees and commissions
|To open an account||Free of charge|
|Savings book fee||Free of charge|
|Savings book fee if the old one is full||Free of charge|
|Savings book fee if the customer has lost the savings book||3,000 MNT|
|To close an account||Digital channel: 1,000 MNT /Equivalent/
Branch: 3,000 MNT /Equivalent/
*Publicly announced interests can be increased by up to *3.5% *for the customers with stable relationship in case of extension and new account opening, in accordance with decision of the Banking relative units.
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