UAPF has transferred approximately USD3.4 million to participants in
the National Fund for Children program
The UAPF continues to receive applications for the use of target savings under the National Fund for Children program.
Let us recall that, according to the program, 50% of the investment income of the National Fund of the Republic of Kazakhstan (hereinafter referred to as the National Fund) is annually distributed among children who are citizens of the Republic of Kazakhstan of all ages until they reach adulthood. The first target requirements and target savings were received in UAPF accounts in January 2024. After turning 18, young people can use target savings for housing and/or education. To do this, they need to submit an application to banks that have become authorized operators for the use of target savings. The authorized operator for the use of target savings for housing is Otbasy Bank Housing Construction Savings Bank JSC. Target savings for education can be used through two authorized operators - Otbasy Bank Housing Construction Savings Bank JSC and Halyk Bank of Kazakhstan JSC.
As of 01.11.2024, UAPF has executed (transferred to authorized operators for crediting to applicants' bank accounts) 33,546 applications for a total of USD 3,364,944.63, of which 17,991 applications for the purpose of improving housing conditions were executed in the amount of USD 1,804,601.05, and 15,555 applications for the amount of USD 1,560,343.58 were executed for paying for education.