Product details
| Product name | Educational savings deposit AQYL |
| Type of deposit | Deposit for education |
| Maximum (limit) amount of account guarantee (amount established by the Law of the Republic of Kazakhstan “On Mandatory Guarantee of Deposits Placed with Second-tier Banks of the Republic of Kazakhstan”) | *The deposit is insured by Kazakhstan Deposit Guarantee Fund Maximum (limit) amount of guarantee is: up to 10 million tenge in national currency |
| Currency | Tenge |
| Minimum amount for deposit opening / minimum required balance | 1000 tenge |
| Accrual of state premium | Annually, on the actually accumulated balance as of January 1, with a minimum accumulation period of 1 year. The state premium is capitalized to the principal amount of the deposit. The maximum term of accrual of the state premium is 20 years |
| Amount of state premium | 5% per annum, but not more than 100 MCI; for the priority category of depositors** - 7% per annum, but not more than 100 MCI |
| Replenishment | |
| Remuneration | Monthly capitalization |
| Deposit holding period | Deposit holding period |
| Partial withdrawal | Not allowed, except in cases of targeted withdrawal of funds from the educational accumulative deposit, return of the state premium, IEC (initial educational capital), and payments of targeted savings (hereinafter – TSP) to the depositor’s bank account opened with the authorized operator |
| Extension | Extended for the same term and under the same conditions, with accrual of interest at the interest rate in effect on the date of extension |
| Amount of interest or procedure of its determination in case of early full/partial withdrawal of the deposit | 1. Without retention of accrued interest and state premium, IEC (if any), and TSP (if any), and without charging any bank fees, in the event of refusal to register the Agreement by the Operator in the Unified Register of Educational Accumulative Deposit Agreements 2. Without retention of the state premium, IEC (if any), and TSP (if any), but with retention of the Bank’s interest, in case of early termination of the Agreement at the initiative of the depositor 3. With retention of the state premium and IEC (if any), excluding credited TSP (if any), in the following cases: - With preservation of the state premium is possible in the following cases: - In case of deposit balance after payment for educational services for the whole period of study, withdraw this amount in the participating bank with the accrued state premium - In case of awarding an educational grant - In case of death, being recognized by the court as missing, incapacitated or declared dead |
| Documents for deposit execution | Identity document with IIN; When opening a deposit in the name of an adult/underage depositor by third parties, a power of attorney from the depositor/legal representative(s) of the depositor is required |
| Additional Contributions | Allowed (both in cash and non-cash form), subject to the maximum deposit amount. |
| Amount of Initial Education Capital (IEC) | For all – 60 MCI; |
Interest Rates for Individuals:
| Period, months: | Nominal (KZT) | Effective (KZT) | Additional features |
| 36 | 12,75% | up to 13,5% | + State premium of up to 7% |
- Rates are valid from 13.03.2025
- Rates were approved by the Assets, Liabilities and Tariffs Management Committee under the Management Board (Minutes No. 22-25 of 20.03.2025) for individuals.
| Period, months: | 36 |
| Nominal (KZT) | 12,75% |
| Effective (KZT) | до 13,5% |
| Additional features | + State premium of up to 7% |
- The rates shall be valid from 13.03.2025.
- Rates were approved by the Assets, Liabilities and Tariffs Management Committee under the Management Board (Minutes No. 22-25 of 20.03.2025) for individuals.