Christmas Saving

Obosi Microfinance Bank Christmas Savings Account lets you save towards the annual Christmas celebration with excitement that comes from knowing you are ready for the fiesta. Save and earn satisfactory interest annually.

Features and benefits

• Opening balance - N 1000
• For everyone
• It can be used as collateral.
• Duration is for 12 months.
• May be rolled over at customer’s request.
• Client may win end of year prize/gift item.
• Yes, an sms alert /transaction notification will be sent to your registered phone number immediately your transaction is processed

Requirements

• Duly completed application form.
• Duly completed Specimen Signature card.
• Three recent passport-size photographs.
• Address verification document e.g Utility Bill.
• A valid means of ID (national ID, driver's license, voter's card or international passport).

Education Saving

This is an account for all school pupils from Nursery – Primary and students in secondary schools and higher institutions.

Features and Benefits

• Minimum opening balance of N 500.00
• It helps to meet the educational needs of children and wards in the nursery, primary, secondary and tertiary institutions
• Assist parents and guardians in planning for their wards education with ease.
• Meeting wards educational need with ease.
• Account is opened with ease.
• Loan is obtained with ease.
• Interest is paid on the account balance monthly.
• Payment transfers to your wards anywhere in the country and SMS alert on each transaction.
• Do a continuous daily and weekly savings into account.
• Interest of 1% will be paid on the savings monthly.
• You can withdraw from the account.
• Third party could be sent to deposit and make withdrawal from account.
• Yes, an sms alert /transaction notification will be sent to your registered phone number immediately your transaction is processed

Requirements

• Duly completed Signature form
• Two recent passport-size photographs
• Current utility bill
• A valid means of ID (national ID, driver's license, voter's card or international passport)

Ito-Ogbo Savings

Obosi Microfinance Bank Ito-Ogbo Savings account is a special package account designed to give Obosi indigenes the opportunity to save towards the birthday celebration called “ITO-OGBO”.

When a man or woman turns eighty (80) years in Obosi Kingdom, the king, his cabinet members and all indigenes at home and Diaspora converge in Obosi to celebrate and honour him or her. It happens every three years. ‘Very colourful and unique celebration.

Features / Benefits

• Minimum Opening Balance of ₦1,000.00
• Savings towards Ito-Ogbo celebration
• 1% interest on savings rate
• Customers will have access to their accounts on regular basis.
• It can be used to access loan during the Ito-Ogbo celebration

Requirement

• Duly completed application form
• 3 recent passport-size photographs
• Current utility bill
• A valid means of ID (national ID, driver’s license, voter's card or international passport)
• At Least one account signatory apart from account owner

Pension Saving

This product is designed for salary/pension earners whose salaries/pensions are domiciled with the bank. The beauty of this product is that civil servants/pensioners can access the bank’s loan whether or not they operate current accounts.

Features / Benefits

• Can be used to access loans and overdraft

Requirement

• Duly completed Account Opening Form
• Duly completed KYC (Know Your Customer) form
• Two recent passport photographs
• Photocopy of a valid identity card – National ID, Driver’s License or International Passport.