Even families with low incomes can save up for their children’s studies at the best domestic or foreign universities in the country. You just need to think about it in advance and choose the appropriate instrument for your endowment capital. And the sooner parents take care of this issue, the less money they will have to save and the easier it will be to achieve their goal. Recently, the family of Shalhar KHALIEV and Aiken ESIMOVA from Taraz opened deposits for eight children at once.

The best investment is in the future of children

Shalkhar and Aiken have been together for 16 years. They have three daughters and five sons. The family has a small business - a men's clothing boutique and a peasant farm focused on growing crops. The head of the family says that only the result of honest work can bring pleasure.

  • Both my husband and I have higher education. I am a speech therapist and work in a psychological and pedagogical correctional room. Whenever possible, I worked at one and a half times the rate. Now I want to spend more time with my children and take care of them. But I also cannot quit my favorite job, to which I have devoted more than 14 years. That’s why I work part-time,” says Aiken Yesimova.

The greatest wealth of this family is their children. Parents talk about each of them with special warmth. And they really have something to be proud of. The eldest son Abilmansur is 15 years old. The guy is graduating from ninth grade this year and is preparing for exams. Dreams of becoming a lawyer. He practices mixed martial arts and studies a foreign language at the same time.

  • He speaks English fluently. He is studying at an educational center and is already completing the ninth of 12 levels. After that, he can even teach English,” his mother says proudly.

His sister Nurai is studying in the eighth grade of a specialized lyceum, where she entered on her own. This year she graduates from music school, majoring in flute. Her parents suggested that she study music more deeply and even choose a profession in this direction. But she sees music more as a hobby.

  • Our other daughter Nazken is in seventh grade. Also an excellent student. She is very affectionate and gentle. Takes care of his younger brothers. He will always feed them and look after them. She dreams of becoming a doctor. I even chose a dental profile. Our grandmother is also a doctor. I really want her to become a good doctor, her parents dream.

Nazken and her younger sister Inkar are the same age. The youngest is the pride of the school! Excellent student, athlete, activist! He studies in the sixth grade. He plays volleyball and has certain achievements for his age.

After three girls, Abilkhair appeared in the family, who is now studying in the fourth grade at city gymnasium No. 5. Teachers praise him for his curiosity and analytical mind. While his classmates are completing one task, he manages to complete two. The boy plays football and music. Learns to play the dombra.

Alikhan, who is in second grade, is growing up behind him. He also studies at the Shabyt school of additional education. He is interested in chess. Parents are sure: this contributes to the development of logic. He is everyone's favorite not only at school, but also in the family. Very open and kind. He also has good hearing and a talent for singing. Next year, mom and dad want to record him for vocals.

After Alikhan come Alinur, who is six years old, and four-year-old Amirlan. Alinur will go to school next year, and is now studying at a preschool training center. Amirlan goes to kindergarten. As you can see, all the children in this family are busy with something. Parents support them in any endeavor and do everything possible for their full development.

  • Our older children have had deposits in Otbasy Bank for four years now. They were opened for the younger ones. The children also have deposits in other banks. And recently we decided to invest in their education so that they have the opportunity to learn regardless of the circumstances. This idea came to me during another discussion about their future, for which we, as parents, are responsible. My husband supported me,” said Aiken Yesimova.

Just at this time, a family friend, financial consultant of Otbasa Bank Akbota BURKITBAEVA, opened a deposit for mutual friends. It was then that she said that it was now possible to open an AQYL educational deposit at the bank.

  • With its help it will be possible to pay for training in Kazakhstan or foreign educational organizations. It can be opened for a minimum period of three years or five years. If the deposit is opened for three years, then the deposit rate is equal to 12 percent per annum (GESV from 12.9 to 13.1 percent). If the deposit is opened for five years, then the deposit rate is 9.5 percent (GESV from 9.5 to 10.1 percent). The bank's accrued remuneration will be capitalized monthly. Upon expiration of the deposit period, it is renewed automatically. If a child receives a grant, then the savings on the AQYL deposit can be subsequently withdrawn and used for any purpose. For example, for the purchase of housing, explains Akbota Burkitbaeva.

The state also helps in saving for education by awarding an annual bonus. For all categories of depositors it is five percent. But on deposits opened for orphans, children without parental care, children with disabilities, from large families and from families with an average per capita income below the food basket, a state premium of seven percent will be charged.

Akbota Burkitbaeva explained that the bonus from the state is awarded with a minimum accumulation period of one year. That is, for the state bonus to be calculated, the deposit must be one year old.

The initial payment when opening a deposit is 3 MCI, or 11,076 tenge (in 2024). In the future, the depositor determines the amount of monthly deposit replenishment independently. You can open an AQYL deposit on the Baspana Market portal (otbasybank.kz), at bank branches, with the help of consultants or a video call by going to the bank’s website hcsbk.kz. The AQYL deposit is also available in the new Otbasy bank lite mobile application, which can be downloaded from the App store or Play market.

  • A depositor may have no more than one active educational deposit. The educational savings deposit AQYL is protected from penalties by the state and third parties, and it is also insured by the Kazakhstan Deposit Guarantee Fund. Upon receipt of the grant, the savings deposit can be closed and the entire savings amount withdrawn, including the state bonus.

You can also top up your deposit with savings received from the National Fund. These payments can be used by Kazakhstanis who turned 18 this year. This can be done on the enpf-otbasy.kz platform as part of the “National Fund for Children” project, added Burkitbaeva.

Shalkhar and Aiken, who invested in the future of their children, are confident that this is one of the best decisions.

Source: time.kz, Aizhan AUELBEKOVA, Taraz