Non-withdrawable deposit taking saccos will pay a discounted annual levy compared to the current 0.175 percent paid by deposit-takers, according to the latest schedule the saccos regulator has published. The levy is calculated as a percentage of the funds held by an institution.
The Sacco Societies Regulatory Authority (Sasra) has set the annual levy for non-deposit taking entities under its supervision at 0.1 percent of the total non-withdrawable deposits they hold as at the close of the preceding financial year (to June 2023).
