The government’s “gROwth – Junior Centennial Individual Savings Account” Programme aims to set up a special savings account in the form of a deposit, hereinafter referred to as the Junior Centenary Individual Savings Account.
The holder of the individual Junior Centenary savings account can be any child who cumulatively meets the following conditions:
The individual Junior Centenary savings account is opened in the child’s name, automatically, at the State Treasury units, without the need for a request from one of the parents, from the child’s legal representative or his / her proxy. The coordinates of the individual account of Junior Centenary savings and conditions of use are published on the website of the Ministry of Public Finance. Every holder has the right to a single individual Junior Centenary savings account.
In the individual savings account Junior Centenar, amounts of money in lei can be deposited by the legal representative of the holder or by other persons, at any time:
Starting with 2019, account holders are entitled to receive :
The state premium and interest are ensured from the state budget, through the budget of the General Secretariat of the Government, and are supported from the annual budget approved according to the law for the National Commission for Strategy and Prognosis, whose president is the tertiary authorizing officer.
The amounts existing in the individual Junior Centenary savings account cannot be withdrawn until the holder reaches the age of 18, except for the following situations: