Receive special stock exchange fund for those born in 1401 – Tejaratnews
According to Tejarat News, according to the announcement of the Ministry of Economy, shares of exchange-traded funds will be transferred to those born in 1401, and the interest of these bonds will be deposited into their accounts.
Therefore, by saving the annual interest of the allocated shares and their price growth, at the end of 24 years, a person should continue his activity in the stock market with a favorable initial capital.
The Ministry of Economic Affairs and Finance announced: The Family and Youth Protection Law was approved by the Islamic Council in October 1400 and in November of the same year, Article 29 of the Fifth Development Program Law was notified to all executive bodies for implementation.
According to this law, general and specialized duties have been determined for the devices. The Ministry of Economic Affairs and Finance is responsible for the implementation of Article 11 of the aforementioned law. Article 11 obligates the government to allocate 10 million rials worth of shares of exchange-traded funds to those born since the beginning of 1400.
This figure for the year 1401 was set at 15 million rials for each child born. For the following years, figures must be determined and provided credit in the budget law for 7 years.
Terms of registration in stock exchange fund
Currently, it is possible to register those born in 1401, for those born in 1400, due to the passage of time, the necessary measures should be taken to secure credit so that the conditions for registration and allocation of shares are provided for this group, which will be announced as soon as the preparations and credit are secured. . According to the process specified in the regulation, Article 11, the Ministry of Economic Affairs and Finance provides the necessary resources.
The National Banks of Iran and Post Bank have been designated as the agent banks for depositing rials into the children’s accounts, the agency of the National Bank is responsible for the purchase of shares of exchange-traded funds, and the Securities and Exchange Organization has provided the list of exchange-traded investment funds to The form is regularly updated and finally the central depository company blocks these shares for new borns until the end of 22 years.
The interest of these bonds will also be deposited into the account and it is expected that by saving the annual interest of the allocated shares and their price growth at the end of 24 years, the person with a favorable initial capital will continue to operate in the stock market.
Therefore, according to the report, the registration steps of the respected parents born in 1401 include “login to the national window of smart government services at the address my.gov.ir”, “login through the mobile phone number of the child’s parents and receive a one-time code”, “view the dashboard section and login” To the section to encourage childbearing”, “View information of children born in 1401”, “Select child’s name and insert date of birth”, “Send information and display child information”, “Select operating bank and three items from stock funds”, “View registration message “Successful and waiting for confirmation”.
The rest of the steps are carried out by the governing bodies and according to the Sajami code, and parents are obliged to obtain the Sajami code for their child.
Source: Senate