CORPORATE PREPAID INTEREST DEPOSIT
You can take your interest in any one of your accounts every month by choosing Arig bank's "Prepaid interest" deposit.
Advantages
- Manage your account over Internet bank
- 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
Terms
| Term | Annual interest rate |
| 3 months | 9.6% |
| 6 months | 10.6% |
| 9 months | 11.5% |
| 12 months | 12.5% |
| Minimum balance | 1,000,000 MNT |
| Penalty interest rate | 4.0% |
Fees and commissions
|
Type |
Service |
Currency |
| MNT | ||
| Income transaction | Cash, non-cash income | - |
| Withdrawal transaction | Cash withdrawal | - |
| Cash transaction | 1,000 MNT | |
| Non-cash transaction | Transaction between own accounts | - |
| Transaction between Arig bank accounts | 100 MNT | |
| Interbank transaction /up to 5 million MNT/ | 200 MNT | |
| Interbank transaction /more than 5 million MNT/ | 400 MNT | |
| Open an account | - | |
| Saving book | 1,000 MNT | |
| Account statement /per sheet/ | 100 MNT | |
| Close an account | 3,000 MNT | |
Click HERE to see the general terms and conditions of the bank's products and services.
Required documents
- Official letter requesting to open an account
- Customer Acceptance Form
- Product and Service Form
- Company's original or notarized State registration certification and Charter
- Form of registration of Ultimate beneficial owner and Politically exposed person
- Notarized and valid document for each of the Ultimate beneficial owners and Shareholders
- Notarized Signature Verification Form of CEO and appointed employees to manage account
- CEO and appointed employees Customer Acceptance Form /individual/, Citizen identity card /Passport, Residence permit, Forms W-8BEN and W-9 for US citizens/
- Order of governing authority, granting the right to an appointed employee to manage account
- Other documents
