Otbasy Bank explained main reason for refusal to withdraw pension surplus
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Otbasy Bank commented on the statements of some Kazakhstanis about the allegedly missing surpluses of pension savings. Such messages are posted on social networks, Kazpravda.kz correspondent reports.
The press service of Otbasy Bank replied that from March 1 to March 30, 870,000 applications were submitted through the enpf-otbasy.kz platform for the withdrawal of part of pension savings for treatment or improvement of living conditions. 352 thousand of them are approved applications, where the funds have already been directed to their intended purpose.
“As for 53,649 applications, according to data from March 25 to March 28, 2022, the UAPF refused the applications due to insufficient funds requested. This was affected by the change in the exchange rate and the associated revaluation of pension savings. On March 25, 2022, the dollar rate at which pension assets were revalued was 494.16 tenge, and on March 28, 2022 - 484.49 tenge," Otbasy Bank explained.
In order to use the pension savings under the old thresholds, the bank recommended submitting applications on the enpf-otbasy.kz portal until March 29, 2022 inclusive. Since, according to the Rules for the use of pension savings for the improvement of living conditions and treatment, Otbasy Bank processes and sends an application to the UAPF within two working days.
In turn, the UAPF will accept and consider applications according to the current threshold values until 23:59 on March 31, 2022 inclusive.
