700 billion MNT from the Social Insurance Fund to Be Deposited in Commercial Banks

The National Council of Social Insurance convened on February 24, 2025, to deliberate on the allocation of the free balance of the Social Insurance Fund in the form of bank deposits. As per the revised General Law on Social Insurance, the fund's free balance may be invested in four types of financial instruments, one of which permits deposits in systemically important commercial banks.

In accordance with this provision, the Council has approved the placement of 700 billion MNT from the Social Insurance Fund into commercial banks, setting a minimum annual interest rate of 11.4%. This initiative is expected to generate approximately 80 billion MNT in additional income for the fund, contributing to its financial stability and sustainability.