An education‐specific savings account opened in the name of the beneficiary and designed to support education through primary, secondary school and tertiary education.
Benefits:
- Very low minimum opening balance
- Convenient way to save small amounts for the child’s education
- Competitive interest rate
Eligibility:
- Secondary School Students High School Students
- University Students
- Students in Tertiary Institutions Parents with minors who wish to save for their children’s future
Documents
- Copy of valid NIC
- 02 Photos 4×4 size
- Birth certificate
- Location plan or utility bill
a) Minors
- Valid Identification of Parents/Guardian – National Identity Cards or Passport
- Child’s birth certificate
- 4 passport size photographs per Child and per Parents
- Address Verification
- Receipt/evidence of utility bill e.g. water, electricity, etc
- Alternative of utility bill can be a localization plan
- Initial deposit of at least XAF 5,000
b) Students
- Copy of valid NIC
- 02 Photos 4X4 size
- Student ID or any other proof