Child allowance deposit
You can receive the monthly Child allowance from the Government of Mongolia in your time deposit and get the highest return in the long term.
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Interest
Currency MNT Minimum balance requirement 100 MNT Interest rate /annual/ 12.50% Term 12 months Penalty rate* 2.40% * Depending on saved duration, fixed penalty rates are payable on pre-mature withdrawals or account closing
Fees and commissions
To open an account Free of charge Savings book fee Free of charge Savings book fee if the old one is full Free of charge Savings book fee if the customer has lost the savings book 3,000 MNT /Equivalent/ To close an account Free of charge Cash deposit Free of charge Cash withdrawal - At Golomtbank Branch – 200 MNT /Equivalent/
Non-cash withdrawal E-bank - 100 MNT /Equivalent/
Interbank - 0-5,000,000 MNT – 200 MNT
- Over 5,000,001 MNT, Foreign currency transaction regardless of the amount – 400 MNT
- Birth Certificate of the child
- Valid ID card of parents or legal guardian of the child
- A document stating that the customer opening the account is the parent or legal guardian of the child /documents in a foreign language must be translated into mongolian with a certified translation/
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