NMB National Microfinance Bank
Personal banking
School savings account
The school savings account is a special NMB savings product developed to help parents save for the future cost of their child's education.

What is it
The NMB School Savings Account is a product that helps you to manage you money and save for your child's future education.

By setting aside a minimum of TZS 10,000 for 2 years, you quickly build up a sound financial basis for educational purposes. Withdrawal is only allowed through payments to schools, so you can be certain that your money will reach its intended goal. Only the parents are authorised to operate the account.

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