Ziraat Bank's dowry account is a savings account that allows one to be entitled to a state contribution, provided that they have a minimum of 3 years of savings for marriage, earn pre-marital income and make their first marriage until the age of 27 at the latest. So how much money does Ziraat give to the dowry account? How to get Ziraat Bank marriage loan? Here are the Ziraat Bank dowry account details.
How much is Ziraat Bank's dowry account contribution?
The dowry account is a product that enables customers to make long-term savings by increasing their savings tendency, and encourages the society to save by adding the state contribution to the savings, provided that the conditions are met. The product, which will be opened as a cumulative deposit in our bank, can be opened with a minimum maturity of 3 years.
Who can open a dowry account at Ziraat Bank?
All Turkish citizens who are under the age of 24 and have never been married/or those who fall within the scope of Article 5901 of the Turkish Citizenship Law No. 28 can open a dowry account at our Bank.
When is Ziraat Bank state contribution paid?
The participant, who has completed his regular payments for a minimum of 36 months without delay, is entitled to the State Contribution when he gets married for the first time before reaching the age of 27. Within six months from the date of marriage, he/she applies to our Branch, where he/she has a dowry account, with an international family certificate and a document from the district registry office stating that he has been married for the first time. The Bank submits the applications made within the month to the Ministry within the first ten working days of the following month. After the Ministry's approval, the amount of the State Contribution earned is transferred to the relevant account.
How is Ziraat Bank state contribution amount calculated?
In the calculation of the state contribution, the accumulation on the date of marriage is taken as a basis. The State Contribution is calculated according to the regular payment periods made by the participant to the dowry account; State contribution, regular payment period;
- For those 36 to 47 months, it is 20 percent of the savings in the account. However, the amount to be paid cannot exceed 11.840,63 Turkish Liras.
- For those 48 to 59 months, it is 22 percent of the savings in the account. However, the amount to be paid cannot exceed 13.662,26 T Turkish Liras.
- For those over 60 months, it is 25 percent of the savings in the account. However, the amount to be paid cannot exceed 16.394,72 Turkish Liras.
Can an interest-free dowry account be given?
Dowry Account can also be opened without interest. No interest will accrue to the account, only the state contribution will be calculated over the amount of savings you have made.
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