Regular term deposit
Khan Bank offers regular term deposit accounts for individuals who want to earn a high rate of return on their savings. This is a savings account; customers do not make any withdrawals from the term deposit account prior to its maturity date.
The regular term deposit offers you the following services:
• Deposit transactions at your convenience.
• Non-cash interest payments to the account upon maturity.
• Withdrawal within 14 days after deposit maturity.
• Upon maturity term, the deposit balance is transferred into a demand account unless customer elects to have automatic renewal.
• Customer can use term deposit as collateral for bank loans.
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Type classification
|
MNT
|
USD
|
CNY
|
|
Annual Rate:
- 30 days
- 60 days
- 90 days
- 180 days
- 270 days
- 365 days
|
7.8%
8.4%
10.1%
12.9%
13.8%
14.5%
|
2.4%
3.0%
4.2%
5.4%
6.0%
6.6%
|
-
-
2.4%
2.6%
-
3.0%
|
|
Minimum balance
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20.000
|
50
|
100
|
|
Penalty interest rate
|
4.0%
|
1.2 %
|
0.6 %
|
Required documents for residents:
Mongolians:
- Personal ID or Foreign passport.
- Completed "Account opening application form"
Foreigners:
- Foreign passport.
- Completed "Account opening application form"
- Resident permit
For nonresidents, the bank opens accounts on case by case basis, which requires additional KYC documents such as (but not limited to) bank reference and employer reference. Please contact our Priority Banking (Tel: 976-70075178; Fax: 976-70075188; Address: Altai Center, Sukhbaatar District, Chinggis Avenue -8, Ulaanbaatar, Mongolia) for more information. |
