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The respective decision on the use of domestic capital adopted by the Government of the Republic of Armenia enters into force starting form today. Pursuant to the decision, in 2017 as well, the sum of the domestic capital can be used after a newborn child turns one year old.

The State Service of Social Security told Panorama.am, that the citizens can use the above-mentioned sum starting from the month following the moth the child turn one year old through the regular transfer of the money to any bank account, but no more than 25,000 AMD monthly.

In order to receive the  25,000 AMD monthly payment to their bank account, the parents having the right of the management of the domestic capital, are required to submit an appropriate application to a bank, which transfers the sum to the presented bank account no late than on the 3rd working day following the submission of the application.

In case of applying before April 1, the 25.000 monthly payment can also be used for January, February and March.