Letlole National Savings Certificate(NSC)

Forward thinking

Letlole savings is a paper based savings account that allows a holder 5% annual rate of return on investment. The product has a life span of three years but early encashment is allowed with the holder forfeiting interest before the lapse of six months period. Letlole is specifically designed for citizens only. The maximum an individual is allowed to purchase is P100 000. In addition, the holder of the certificate can nominate a relative or a friend as a beneficiary to a certificate. Can be opened at BSB banking Hall, Francistown branch or Post offices nation wide.

Product Features

Single certificate issued per purchase
Minimum opening amount is P250
Maximum purchase is P100,000.00
Allows transfer of certificates to citizens with valid Omang
Interest is 3.25% per annum
Interest earned is tax free
No charges for operating the account
No charges for replenishment of lost certificates
No partial redemptions
Customers who wish to redeem their certificates will have to terminate their existing contracts
Once redemption has been done, the client may reopen a new one with prevailing interest rates and terms and conditions

Entry Requirements

Should be a citizen with a valid Omang

Pricing

No charges for operating the account

How do I apply for an Letlole National Savings Certificate(NSC)?

Step 1

Fill and sign account opening form under downloadable.

Step 2

Fill, sign Submit account opening form with purchase amount and account opening documents at Tellers for account opening.

Step 3

If purchase is for large amount EFT is permissible into BSB savings collection account with your account number as reference.

Step 4

Letlole Certificate will be issued after 21 working days and send to you through postal address.