Senators approved the Law concerning the State educational funded system "Keleshek"
Today, deputies of the Senate of the Parliament of the Republic of Kazakhstan approved amendments regulating the activities of the Unified Voluntary Savings System "Keleshek", developed in order to fulfill the instructions of the Head of State, announced in the Message to the People of Kazakhstan dated September 1, 2023.
The basic model of "Keleshek" will be implemented within the framework of the current site of the State Educational Accumulative System (GONS). Since 2013, more than 63 thousand bank deposits and 2.5 thousand insurance contracts have been opened.
Within the framework of the Keleshek system, it is envisaged to establish a starting educational capital from the state for children who turned 5 years old in the current calendar year of 60 MCI (221,520 tenge) and 120 MCI (443,040 tenge) for orphans, an annual payment of a state premium of 5-7%.
Keleshek accounts can be opened in second-tier banks and insurance companies that are participants in child insurance.
In this regard, parents, after opening these accounts, must annually make a minimum contribution of 12 MCI for children with disabilities and 24 MCI for other children.
Upon completion of school, the accumulated funds can be used to study at colleges and universities in the country and abroad. In case of receiving a grant, the accumulated funds can be used to obtain another education, transfer funds to a third party, continue accumulating, use them for housing, and also receive the accumulated funds provided that a document on education is provided.
Thus, the funds accumulated by parents, taking into account the initial educational capital from the state, the annual state premium, investment income (remuneration from banks), as well as savings generated within the framework of the National Fund for Children project, will provide an opportunity to receive high–quality education or improve living conditions.
In this regard, after reaching the target purpose – to receive an education (a diploma of technical education or higher education), the depositor can use the additional right to transfer the accumulated funds to improve housing conditions by analogy with the National Fund for Children project.

Source : https://www.gov.kz/memleket/entities/sci/press/news/details/902054