Scholarship Funding Service Deposits Account

For children under the age of 12, account can be opened in the name of the child jointly with his or her guardian.

For every Scholarship Funding Service Deposits Account passbook will be delivered.

Monthly saving amount must be clearly mentioned on the A/C opening form, One operative account must be opened to deposit the monthly savings deposit (no need to open if the account already exists).

Operative account must be deposited with sufficient amount to deduct monthly subscription.

Interest rate is 10.75 % per annum and credited to the account quarterly.

After passing the matriculation exams and if the student demands for the withdrawal of the Scholarship account, total balance plus the cumulative interest and additional of 3% of the balance or the rate approved by the Board of Directors, on the date the withdrawals was made.

If the student pass the matriculation exams for every distinctions Ks-50,000 will be presented for each distinctions earned. For those who have 5 or more distinctions and for those who are taking university education Ks- 200,000/- (as approved by the Board of Directors) will be rewarded for every year throughout his/her university education ie; till he/she is graduated.(This will be terminated if he/she fails in the examination).

This stipend will be terminated if the student failed in the academic year.