How To Pay For NSSF Via M-Pesa Within Seconds

Juma

3 years ago

The National Social Security Fund (NSSF) makes it possible for individuals both in the formal and informal sectors to save for their retirement. With stats showing that 82 percent of retirees are forced to work to survive, saving for retirement is a must for everyone.

Currently, NSSF has started implementing enhanced rates that give members an opportunity to save more for their retirement as compared to the initial plan where one contributed only 200 shillings. As is the norm, the more you save, the more you have.

For those in the informal sector, NSSF has made it possible for members to save as little as 25 shillings per day through a product called Haba Haba na NSSF. This is a perfect product for Mama Mboga and Boda Boda who make an income on a daily basis.

The beauty of NSSF is that you do not need to visit their offices to make your monthly contributions. The Fund has made it possible for all the remittances to be done via a mobile phone by the use of M-Pesa and other payment modes.

This is how to make your contributions via M-Pesa:

Open your M-Pesa and go to Lipa na M-Pesa
Select the Paybill Option
Enter Paybill Number 333300
Input the amount you want to contribute
Put in your M-Pesa PIN and press OK.

Saving for retirement through NSSF comes with three major advantages for all the members:

Your cash is safe and guaranteed. Every contribution is insured and invested meaning that whatever happens, you will get your money when you finally retire.

When you retire, you need to maintain the current lifestyle that you are living. The moment your monthly source of income stops coming, without a retirement package, you run the risk of slipping into depression.

Your cash earns interest with NSSF. This means that the more you save, the more interest your cash earns, and the better your life when you retire.