Corporate employee saving fund

By opening a fixed deposit account in the bank in the name of each employee of the organization, the organization and the employee will generate regular monthly income and savings. The savings will be accrued when the employee reaches retirement age or leaves the job.
  • Currency MNT USD
    Annual interest rate 10% 3.20%
    Term 12 months 12 months
    Minimum balance MNT 10,000 MNT 10,000
    • Able to determine conditions in line with the organization’s human resources policy
    • The employee of the organization does not have the right to dispose of the savings during the term of the contract.
    • The percentage of the amount to be put into the savings fund is agreed with the organization and can be fixed or a certain percentage of the employee.
    • Official letter requisting to open account
    • If customer currently has an account in the Golomt bank, additional documents will be required to open a current account.
    •  How to calculate the deposit interest if the fixed term deposit interest rate changed by the bank?

    According to Article 2.6 of the Banking Law and the deposit agreement, there will be no changes during the term of the deposit agreement. However, when the deposit period expires and is extended, it will be extended according to the current interest rate.

    •  How to open a deposit?

    You go to the nearest bank branch and sign a bank-institution-employee tripartite agreement to open a savings account.

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