Actually, according to the law, only a small part of this rather large financial aid in the amount of 20,000 rubles can be received in cash. In this article, we will tell you where and how to do it, and whether it is possible to legally cash out the remaining amount of maternity capital for implementation for certain purposes.
How to cash out 20,000 rubles from the parent capital?
Cash out 20 thousand rubles from the parent capital can be immediately, once the family has been issued a certificate. To do this, you will have to come to the Pension Fund department of your place of residence or any Multifunctional Center for the provision of public services in your region of residence and express your desire in writing.
In addition, you will have to provide the details of the account to which the Pension Fund body will transfer the specified amount. In this case, if earlier you have already exercised the right to sell the parent capital, and the amount of money that you can dispose of is less than 20,000 rubles, you will be given an available balance. To spend this money can be absolutely for any purpose, the law gives young parents full freedom of action in this matter.
It should be borne in mind that the possibility of applying to state bodies for the purpose of cashing out 20,000 rubles from the means of family capital according to the law is provided only until the end of March 2016.
How to cash out maternity capital before and after 3 years?
It is worth emphasizing once again that it is not possible to cash out maternity capital by any other means. This amount can be directed only for certain purposes, strictly regulated by the current legislation of the Russian Federation, and exclusively by non-cash settlement.
In addition, in most cases, to use this payment, a young family must expect the moment when their child, due to whose birth the right to receive it, will reach the age of 3 years. Nevertheless, there are a few exceptions to this rule - you can spend this amount before the performance of a 3 year old kid for the following purposes:
- to pay off and close the mortgage, which was taken before the birth of the baby;
- as a first payment for the registration of a new housing loan;
- for the equipment of a dwelling premise and acquisition of special means for rehabilitation and social adaptation in case the child is an invalid.
Later, when the child reaches the age of three, this money can be directed to purchase residential premises without borrowing, paying for the education of a son or daughter in an educational institution, as well as living in a dormitory or increasing a future mother's pension.
To realize all these goals, it will be necessary to collect the necessary set of documents and submit it to the FIU for approval. If the proposed transaction is approved, the money will be transferred to the account of the seller or lender in a cashless way.
How to cash out regional maternity capital?
In some regions, including St. Petersburg, Nalchik, Irkutsk, Magadan and others, other regional payments are also envisaged today, which are also designed to help a young family who has decided to have several children.
It is also impossible to cash out regional maternity capital, but it can be directed to such purposes as purchase of housing, construction of a dwelling house and purchase of building materials, training and treatment of a child, purchase of a car and others. The possibilities for implementing this payment vary considerably from region to region, so to clarify the detailed conditions it is necessary to contact the social protection department in your region of residence.