Within the State educational saving system the citizens of the Republic of Kazakhstan can open the long-term deposit, which will be used in future to pay for professional, higher and postgraduate education.

This contribution is calculated the banking fee (14%) and the annual State Prize (from 5 to 7%). The amount of prize of State is 5%, and for the priority categories of children (orphans, disabled children and children from poor and large families) – 7% per annum.

When a child gets the State educational grant, all funds are moving at the disposal of depositor.

Source: edu.gov.kz