Finance · 2 sources combined
Youth Future Savings Plan 2nd Round Closing
By 6:30 PM on the 16th
Deadline Deadline October 16 · Youth Future Savings Plan 2nd Round Application Deadline
In short
Applications for the Youth Future Savings Plan 2nd round close at 6:30 PM on the 16th.
Those born from November 17, 1991 to November 27, 2007 can apply.
When you deposit up to 500,000 won monthly, the government adds up to 12% more.
Key facts
| Who | Applicants are youth born from November 17, 1991 to November 27, 2007. For those who completed military service, up to 6 years of service is subtracted from the age requirement. |
|---|---|
| Deadline | You must apply by 6:30 PM on October 16th through mobile apps of commercial banks or Korea Post. |
| How much | Maximum monthly deposit of 500,000 won; government contribution is 6% for standard type and 12% for preferential type, with an actual effective return of up to 19.4%. |
What it means for me
Eligible young applicants must complete enrollment through bank or post office apps by 6:30 PM on the 16th.
Even if you are not eligible, you can guide your children or nieces/nephews to apply if they qualify.
If your children or grandchildren are eligible for the Youth Future Savings Plan, you can help them apply before the deadline.
