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Head Office:
312, Effurun Sapele Road
Effurun-Warri, Delta State
Nigeria
Tel; +234-807-5787222
Email: headoffice@icglobalmfb.com

 

 

Students' Micro Savings Account

This is a scheme meant for students in secondary schools/higher institutions. The advantage of this account is to pull resources together and enjoy the benefits of savings to achieve the dream of quality education with ease.


FOR WHOM


Students in JSS 1- SSS 3, Higher Institutions.


WHY THIS CATEGORY OF STUDENTS?


To imbibe the habit of savings and enable them meet the minimum 3-6 months of savings before withdrawal of cash fro the scheme. Also, to enjoy the benefits of fixed deposit account.


FEATURES/BENEFITS

 

  • It is a savings account
  • Minimum opening balance of =N=250 per student

 

  • A minimum deposit of =N=50 weekly and =N=250 monthly
  • Inculcates savings habits in parents/guardians for their children’s educational future.

 

  • Enjoy Higher Yield on the savings
  • Qualifies students to participate in the Banks’ Scholarships and bursary awards.

 

 

CONDITIONS

 

  • Run the Account for a minimum of 3 months
  • Save 20% of required school fees

 

  • Get 80% as loan for the school requirements
  • Tenor of Twelve (12) Months

 

Get two (2) Guarantor well known by the bank required.