What is the procedure of saving money for house- purchase through the ZhilStroySberBank (the house construction save system)?

What is the procedure of saving money for house- purchase through the ZhilStroySberBank (the house construction save system)?

Answer: The depositor must define the sum for housing improvements (contract value). Contract minimum value must be no less than 500 monthly calculation index (926 000 tenge). Depositor must save 50 % from the contract value, which should be paid at the equal shares monthly.

Bank awards 2% to the depositor savings from the total saved sum. Housing savings are encouraged by government in the form of bonus, which is awarded to the depositor savings in an amount of 20%  from the saved sum during the year. If the sum of the savings encouraged by government bonus goes beyond 200 monthly calculation index, then remaining part not encouraged sum of the savings will be accounted by government bonus in the next year.