Product Name
Civil Service Account
Product Description
It is dynamic, user friendly and convenient for anyone working in the civil service. It affords people to save their money at an affordable rate anywhere within the country.
Product Objectives
To raise non-interest income through ledger fees and salary
Boosting liquidity through the deposits
To raise interest income through investments of customer deposits
Book Balance: K2000
Target Market: People working in various government departments regardless of their levels
Interest Rate: 3% p.a. (on monthly minimum balance)
Ledger fees: K500
Other services
SMS alert for any transaction, funds transfer through standing orders, NCF Debit cards.
Account opening requirements:
A valid ID (National ID, passport, driving license or Malawi Electoral Commission registration card) with a letter from the employer.