Education Savings Plan

Benefits

• Monthly installment deducted directly from your account.
• Profits calculated monthly and paid yearly.  
• Flexibility to break the plan before maturity and refund the full accrued saved amount along with the profits.
• Flexibility to withdraw partially from the deposit. 
• The total savings plan target amount is covered by Boubyan Takaful insurance.  

Terms & Conditions

• Salary transfer to a Boubyan account 
• Salary starting from KD 1,000
• Minimum saved target amount KD 10,000
• Maximum saved target amount KD 250,000
• Minimum tenure 4 years
• Maximum tenure 18 years
• The fixed deposit reaches maturity once the parent is 65 years old or the child turns 18 (whichever comes first).

Eligibility

• Customers aged 20 to 60 years  
• The beneficiary child should not be older than 14 years 

Required Documents

• Copy of the child’s civil ID
• Copy of the parent or guardian’s civil ID 
• Filled medical questionnaire 
• Printed monthly installment calculation for the Education Savings Plan