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Kazakhstanis face return of pension savings withdrawn from UAPF in 2021

According to kz.kursiv.media, the six-year deadline to use pension savings transferred by Kazakhstanis from the UAPF to Otbasy Bank deposits in 2021 expires in 2027. If the savings are not used for a mortgage, refinancing a housing loan, or building a house, they will be returned to the pension account.

According to kz.kursiv.media, the six-year deadline to use pension savings transferred by Kazakhstanis from the UAPF to Otbasy Bank deposits in 2021 expires in 2027. If the savings are not used for a mortgage, refinancing a housing loan, or building a house, they will be returned to the pension account. The timeline is calculated separately for each transfer: for instance, if funds were withdrawn in December 2021, December 2022, and in 2025, only the first batch of withdrawn money will be returned by December 2027. The expiration date can be checked on enpf-otbasy.kz in the applications section.

Sources