Ulaanbaatar
Interest Income of Social Insurance Fund Increases by MNT 8.9 Billion
Economy
Ulaanbaatar, September 2, 2025 /MONTSAME/. The Social Insurance Fund (SIF) of Mongolia has received MNT 8.9 billion in interest income for August 2025 under agreements concluded with commercial banks.
Earlier, the Fund had earned MNT 26.1 billion in interest for May, June, and July, bringing the total interest income to date to MNT 35 billion. Over the one-year deposit term, the Fund is expected to generate a total of MNT 105 billion in interest income.
The General Department of Social Insurance (GDSI) has made arrangements to place cash deposits in commercial banks, reviewed by the ad hoc Professional Committee and the Public Oversight Council under the National Council of Social Insurance, and has placed the free balance of MNT 700 billion of the Social Insurance Fund in four systemically important commercial banks in the form of one-year term deposits at an annual interest rate of 15 percent.
According to the General Law on Social Insurance, the Fund’s free balance may be invested in approved financial instruments that meet the principles of safety, efficiency, responsibility, transparency, and independence. By a resolution of the National Council of Social Insurance, the interest rate for deposits in commercial banks has been updated accordingly.
