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Why NSSF Is No Longer Accepting Payments Via Cheques

BY Juma · May 4, 2023 08:05 am

KEY POINTS

"We have laid out structures to allow our customers to remit their contributions from the comfort of their premises using our e-Service platform and have their accounts updated on a real-time basis," said NSSF in a statement.

KEY TAKEAWAYS

For the bank option, the payment can be done at three commercial banks; KCB Bank, Co-operative Bank, and the National Bank accounts. The bank accounts are; KCB (1103265954 or 1107110270), Co-op Bank (0113620175000), and the National Bank (0100300283701).

The National Social Security Fund (NSSF) is no longer accepting payments via cheques for members filing for contribution remittance. NSSF, which has now implemented the new enhanced rates, says has put in place better mechanisms for members to remit their contributions.

“We have laid out structures to allow our customers to remit their contributions from the comfort of their premises using our e-Service platform and have their accounts updated on a real-time basis,” said NSSF in a statement.

Currently, remittance of contributions to NSSF can be done through; cash option, EFT and RTGS, and M-Pesa. First, one will have to generate a Unique Payment Number (UPN)/Payment Order (E-Slip) from the NSSF e-Service portal by clicking HERE.

Related Content: Why Opting Out Of NSSF For Any Other Private Pension Service Providers May Pose A Risk To Your Future Financial Security In Kenya

For the bank option, the payment can be done at three commercial banks; KCB Bank, Co-operative Bank, and the National Bank accounts. The bank accounts are; KCB (1103265954 or 1107110270), Co-op Bank (0113620175000), and the National Bank (0100300283701).

For Cash Option:

Present the E-Slip and the corresponding cash to KCB Bank for processing after which a receipt will be available at the NSSF e-Service portal.

For self-sponsored/voluntary members, remit the cash to the KCB Bank together with your NSSF membership number.

For EFT and RTGS Options:

For EFT and RTGS payment options, the reference filed in the form MUST be filled with the Unique Payment Number quoted on the E-slip.

The employer shall download a receipt from the e-Service portal in real time upon executing the transaction successfully.

For M-Pesa Option:

Use the Pay Bill Number 333300 and the UPN/E-Slip Number as the account number. The receipt would then be downloaded on the NSSF e-Service portal.

For self-sponsored/voluntary members, pay through the Pay Bill Number 333300 and quote your NSSF Membership number as your Account Number.

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For self-sponsored or voluntary NSSF Members, the best payment option that we recommend is the M-Pesa option. Here is the process:

  • 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.

Related Content: How To Pay For NSSF Via M-Pesa Within Seconds

Juma is an enthusiastic journalist who believes that journalism has power to change the world either negatively or positively depending on how one uses it.(020) 528 0222 or Email: info@sokodirectory.com

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