KCB M-PESA

KCB M-PESA is a loan and saving product exclusively offered by KCB Bank
Kenya Ltd to Safaricom M-PESA customers.

How can I qualify for KCB M-PESA savings

KCB M-PESA savings is available to all M-PESA customers who have activated
the KCB M-PESA product.
KCB M-PESA is accessible on your M-PESA Menu, Go to Safaricom SIM Tool Kit

1. Select M-PESA.
2. Select Loans and Savings.
3. Select KCB M-PESA.
4. Select Fixed Savings account.
5. Select Fixed Deposit or Target Savings Account and wait for a notification from
   KCB M-PESA.

What are the features of KCB M-PESA savings

A) Fixed savings account

This account allows you to lock a specific amount of cash for a period of up to 12 months.
How does it work?

1. Access M-PESA menu
2. Select Loans and Savings, KCB M-PESA
3. Select Fixed Savings Account
4. Select Fixed deposit
5. Open Account
6. Select the source of funds;

1. M-PESA
2. KCB M-PESA
3. Enter amount (minimum amount needs to be Kshs.500 and above)
4. Enter period (1 – 12 months)
5. Enter M-PESA PIN and confirm the transaction
6. You will receive a confirmation message

Benefits

1. Locked periods include 1 – 12 months with the minimum amount of
   Kshs.500.
2. Upon early or premature redemption, you will forfeit all interest accrued.
3. You get cash back immediately to KCB M-PESA account on prompting cash
   back.
4. Earn attractive Interest rates of 6.3% p.a. on your savings.

B) Target savings account

This account allows you to set a target and make deposits towards achieving that
target.
How does it work?

1. Go to M-PESA menu
2. Select Loans and Savings
3. Select KCB M-PESA
4. Select Fixed Savings Account
5. Select Target Savings Account
6. Select Open Account
7. Select a source of funds;

1. M-PESA
2. KCB M-PESA
3. Enter Target amount you intend to save for the period (minimum amount
   needs to be Kshs.1,000)
4. Enter period (1 – 12 months)
5. Enter initial deposit amount (not less than Kshs.50)
6. Enter M-PESA PIN and confirm transaction
7.  You will receive an M-PESA confirmation.

Benefits

1. You top up continuously until you achieve your target.
2. You can deposit money into the target account through M-PESA and KCB M-PESA
3. You can choose from target periods of 1 – 12 months with a minimum
   contribution of Kshs.50.
4. You earn interest on the cumulative amount saved
5. Early withdrawal of funds from Target Savings is allowed subject to
   a withdrawal of the entire amount saved. Total interest on savings will be
   earned to the day of the withdrawal.
6. You get cash back immediately to your KCB M-PESA account on prompting
   cash back.
7. Enjoy attractive Interest rates of 6.3% p.a. on your savings.

How do I check my saved amount?

To track the progress of your savings

1. Go to M-PESA Menu
2. Select Loans and Savings
3. Select KCB M-PESA
4. Select My Account
5. Select Check Balance
6. Enter M-PESA PIN and submit

Can I save with KCB M-PESA if I am listed on Credit Reference Bureau
(CRB)?

Yes. If you are listed on CRB you can save with KCB M-PESA.

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