If you wish to give your child a good quality education, here's a brilliant opportunity to make that possible.


  • Highest interest rate, longest term deposit
  • Depending on children's grades we will reward them with 10% of earned interest for that year as a bonus
  • Once a year, you can withdraw up to 30% of your savings for educational purposes without any penalty fees
  • Manage your account over Internet bank or 'Arig online' application
  • Have an automated transaction service
  • Up to 20 million MNT insured by Deposit Insurance Corporation
  • Call our 24/7 call center at 7070-1001 to get information and inquiries about your account 


Currency MNT USD
Annual interest rate 13.9% 3.0%
Term Until children reach 18 years old
Minimum balance 10,000 MNT 10 USD
Penalty interest rate 4.0% 0.75%

Fees and commissions





Income transaction Cash, non-cash income -
Withdrawal transaction Cash withdrawal* - 0.5%
Cash transaction

Interbank transaction /before 16 pm/

1,000 MNT 1,500 MNT
Interbank transaction  /after 16 pm/ 1,000 MNT 3,000 MNT
Non-cash transaction Transaction between own accounts -
Transaction between Arig bank accounts 100 MNT
Interbank transaction  /up to 5 million MNT/ 200 MNT 0.5 USD
Interbank transaction  /more than 5 million MNT/ 400 MNT 0.5 USD
Open an account -
Saving book 1,000 MNT
Account statement /per sheet/ 100 MNT
Close an account 1,000 MNT

* A commission will be charged if the non-cash income in the account is spent in cash

Click HERE to see the general terms and conditions of the bank's products and services.

Required documents

  • Children's birth certificate
  • If children are over 16 years old Citizen identity card or Passport
  • Joint account holder's Citizen identity card or Passport /must be a parent or legal guardian/
  • For foreigners in addition Certificate of alien registration