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Registration of Citizens in the cumulative pension system
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Description of the service

Citizens participating in the cumulative pension system are registered obligatory. Registration in the cumulative pension system is done by the employers in the branch of People’s bank where employer is located

Sphere of the service

Banking and Financial Services

Category of the service recipient

Legal entities

The organization

Joint-stock commercial People’s bank of the Republic of Uzbekistan


Address: 100000, Tashkent, Mirabad district, Amir Temur Ave., 3

Tel.: + (998 71) 200-00-55

Fax: + (998 71) 120-17-03

Web site: www.xb.uz

Documents required to get the service

A copy of passport

Legal basis for service provision

- Law of the Republic of Uzbekistan "On the cumulative pension benefits act"

- Resolution of the Cabinet of Ministers of December 21, 2004 № 595 "On measures to implement the Law of the Republic of Uzbekistan «About storage Pensions"

- Regulations on the procedure of calculation and payment of mandatory contributions by employers to individual pension accounts of citizens (registered by the Ministry of Justice October 6, 2005 Registration number 1515)

- Decree of the President of the Republic of Uzbekistan dated May 15, 2015 № 4725 "On measures to ensure reliable protection of private property, small business and private entrepreneurship, the removal of barriers to their rapid development"

Cost and method of payment for the service

Free of charge

Period of dealing with an application

3 working days

Methods for obtaining results

A notification is forwarded to the user's personal account on the single portal and/or emailed to the user's email address specified during registration on the portal.

Result of the service

Receiving notification about registration in the funded pension system. The employer, after receipt of the notification, must come to the branch of People's bank within 5 days for pension savings books.

Reasons for refusal

Incomplete or incorrectly completed application form

Order of appeal

The applicant has the right to appeal against the poor-quality service provision in accordance with legislation

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Consideration of applications

Appointments to the leadership of the state body