CORPORATE CASHABLE TERM DEPOSIT
We offer you a compound interest saving account that allows you to make cash withdrawal transactions without penalty interest or canceling the term.
Advantages
- Receive your deposit interest at the end of each month
- Make cash withdrawal transactions from term deposit
- Choose terms and currencies that suit your needs
- Manage your accounts 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| Term / Currency | Annual interest rate / Annual interest rate for withdrawn amount | |
| MNT | USD | |
| 6 months | 10.1% /nominal interest 10.58%/ | 2.0% /nominal interest 2.02%/ |
| 9 months | 11.2% /nominal interest 11.79%/ | 2.4% /nominal interest 2.43%/ |
| 12 months | 12.5% /nominal interest 13.24%/ | 2.6% /nominal interest 2.63%/ |
| 24 months | 12.9% /nominal interest 13.69%/ | 3.5% /nominal interest 3.56%/ |
| Minimum balance | 100,000,000 MNT | 50,000 USD |
| Withdrawal transaction term | Withdrawal transactions can be made once every first week of the month | |
| Withdrawal transaction amount | Amounts above the minimum balance can be withdrawn | |
| Penalty interest rate, in case of termination of contract | 3.75% | 0.75% |
Fees and commissions
|
Type |
Service |
Currency | |
| MNT | USD | ||
| 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 | 3,000 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
- 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
