Steps to purchase tradable funds for those born in 1401 – Tejaratnews

According to Tejarat News, based on Article 11 of the Family and Youth Protection Law, the government was obliged to allocate tradable investment funds to those born in 1400 and later, but financial resources were not provided for those born in 1400, but for 1401 in the annual budget law, One million and 500 thousand Tomans was predicted and allocated for each birth.

Based on this, parents of those born in 1401 should refer to the national window system of smart government services at https://my.gov.ir, the section of the plan to encourage childbearing and population youth. After entering this section and entering the national code, they will see the child’s profile.

After going through the steps, an SMS will be sent to the parents of those born in 1401, who must enter the bank selection section and choose one of the National Bank or Post Bank. Then 35 tradable investment funds are shown to them, and they have to choose a maximum of 3 funds from among them. After this, they have to open an account in absentia. After this stage, the Ministry of Economy will charge one and a half million tomans to the accounts for each child, and the brokerage company of the National Bank will purchase the funds and deposit them to the depository company. Centrally transmits.

According to the number of people born in 1401, which is about 980 thousand people, a phase has been done for parents to apply to the system, and according to that, now those born in the first 3 months of 1401 can apply to the system to register their application, and in the next phase, they can apply for the following months. register If the parents of the children wanted to obtain the certificate of purchase of tradable funds, they can go to the central depository company and obtain the certificate.

According to Note 1 of this article, the annual inflation rate announced by Iran Statistics Center is added to the amount mentioned in this article every year. Also, according to note two of this article, the manager is only allowed to move between units of the investment funds that are the subject of this article. Withdrawal of financial resources resulting from the sale of investment fund units is allowed only after marriage or in case of unmarriage after twenty-four years of age.

Source: ISNA