This is a product designed for the transactional needs of both formal and informal groups, such as Village Community Banks (VICOBA), small entrepreneurs and co-workers. These are personal groups formed by some people with a purpose to help each other in different areas socially, financially etc.
How do I open my NBC Kikundi Account?
Opening NBC Kikundi Account
Simply complete our online form and we will contact you, or visit your nearest branch.
1. Kikundi constitution clearly states the following
- Purpose of the group
- Source of income or funds for the group
- How the Group operates
- Criteria for members to join and exit the group
- Defined quorum for decision making
2. Minutes of the meeting that clearly state the following:
- Members’ agreement to open an account with NBC
- Listing of all group leaders and their levels
- Listing of appointed signatories to allow payments
- Signed minutes by the chairperson and secretary for the group
3. List of all group members captures the following:
- Full names of each group member and their role in the group
- Each member’s occupation
- Each member’s nationality
- Each member’s residence
4. Documentations to be submitted by group leaders (Chairperson, Secretary, Treasurer):
- One of the below listed Identity Cards.
- Driver’s licence
- Voter’s ID
- Passport
- National ID
- Proof of residence from Ward Executive Officer (WEO)
5. Documentations to be submitted by Signatories:
- One of the below listed Identity Cards:
- Driver’s licence
- Voter’s ID
- Passport
- National ID
- Proof of residence from Ward Executive Officer (WEO) or Village Executive Officer (VEO)
- 2 Full colour passport size photos
- Contact details (to be captured in the application form)
- Signatures (to be captured in the application form)
NBC Kikundi Account gives you:
- Attractive monthly interest rate to grow your balance
- Ability to deposit cash any time using your mobile phone, our ATMs and branches
- Cheque book for Kikundi transactions
- Free monthly bank statement sent to you by email
- Zero monthly maintenance fee
Features
- Minimum number of four members per group
- No maximum limit on the number of members
- No ATM card
- SMS alerts
Important information
- A minimum of FOUR members can open an NBC Kikundi account
- No debit card
- You will receive SMS alerts for every transaction done on your Kikundi Account
Need more information or assistance?
Call us:
+255 768 984 011 | +255 22 219 3000 | +255 22 551 1000 | 0800711177 (Toll-Free)
Email us:
