Deposit accounts
Time deposit for business entities
Khan Bank offers current accounts with tiered interest rates that provide favorable terms and an opportunity to earn interest on your surplus funds.
Features of current account:
- You can earn interest surplus funds placed with the bank and manage your business cash flow through the account.
- Accrued interest is paid upon maturity.
- Withdrawals are restricted during the deposit contract term.
- If the account holder provides no advance notice as to withdrawal, renewal or roll-over into a new account upon maturity, the deposit will be transferred into a current account and the interest accrual is stopped.
| MNT |
Type classification
|
Annual interest rate
|
Minimum balance
|
Interest payable upon contract termination |
| 30 days |
Contract
|
5,000,000 |
Contract
|
| 60 days |
| 90 days |
| 180 days |
| 365 days |
Required documents for companies registered in Mongolia:
1. Official letter requesting to open an account
2. Notice on opening and closing of accounts by legal entity (provided by Tax Authority)
3. Copy of State Registration Certificate
4. Completed "Account opening application form" with notarized signature specimen part
If the company is not registered in Mongolia, the bank opens accounts on case by case basis, which requires additional KYC documents such as (but not limited to) bank reference, annual report, company charter and letter from Mongolian partner. Please contact our Priority Banking ( Tel: 70075178; Fax: 70075188; Address: Altai Center, Sukhbaatar District, Chinggis Avenue -8, Ulaanbaatar, Mongolia) or Corporate Banking Department ( Tel:976-11-332333 ext- 3041; Fax: 976-70117028; Address: Seoul Street-25, P.O.Box-192,Ulaanbaatar-44, Mongolia) for more information. |
