Save money with TEB c Account and decorate your dream wedding with government contribution.

With TEB Dowry Savings Account, you can make regular savings for your marriage. If you save for at least 3 years and get married for the first time before turning 27, you can receive a government contribution.

Features:

• TEB Dowry Savings Account can be opened on behalf of Turkish citizens or those covered under Article 28 of Turkish Citizenship Law No. 5901, provided they are under 24 years of age.
• A customer cannot open a Dowry Savings Account at more than one bank, and may only hold one TEB Dowry Savings Account at our bank.
• TEB Dowry Savings Account can only be opened in Turkish Lira (TRY).
• Accounts cannot be opened for legal entities.
• TEB Dowry Savings Account cannot be opened as a joint account. For customers under 18, it can be opened through a guardian/trustee.
• TEB Dowry Savings Account can be opened at TEB Branches located within Turkey.
• The opening and regular payment lower and upper limits of the TEB Dowry Savings Account are increased annually by the revaluation rate determined and announced pursuant to Tax Procedure Law No. 213 dated 04/01/1961.
• It is mandatory to make regular savings into the TEB Dowry Savings Account via a standing payment order linked to a demand deposit account, set at the time of account opening on a monthly or quarterly basis.
• If TEB Dowry Savings Account customers do not have an available demand deposit account, opening one is mandatory.
• Account holders are entitled to a maximum of two withdrawals within one period (one year). To exercise this right, the remaining balance in the TEB Dowry Savings Account must not fall below the total minimum amount required to have been deposited since the account opening date.
• TEB Dowry Savings Account is a daily interest-bearing account, and interest will be applied in accordance with market conditions and within the rates reported to the Central Bank of the Republic of Turkey (CBRT).

Government Contribution Conditions:

For a TEB Dowry Savings Account holder to qualify for the government contribution:

• They must get married for the first time before turning 27
• They must have made regular payments for at least 3 years prior to the wedding date
• They must apply for the government contribution within 6 months of the wedding date
• If a monthly payment plan is selected, payments must not be missed more than 3 times in one period; if a quarterly payment plan is selected, no more than 1 missed payment per period is allowed

— If the account holder violates any of the required conditions under the Regulation, the account loses its Dowry savings account status and no government contribution will be paid.

— The government contribution is calculated based on the accumulated savings as of the wedding date. Upon application, if all conditions are met, the Ministry will transfer the contribution to the customer's demand deposit account linked to the standing payment order within 10 business days.