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Youth Savings

Youth Savings

The National Social Security Fund (NSSF), together with the World Bank under the NYOTA Project, is helping young people save, plan for the future, and improve financial security. Through the NSSF Haba Haba savings wallet, you can start building good money habits, get incentives, and even access special benefits like maternity support for female participants. The goal is simple: help you save, grow your money, and be financially ready for life.

NYOTA Beneficiaries Registration

All NYOTA Project beneficiaries are automatically enrolled in the NSSF Haba Haba savings scheme. This initiative is part of a broader effort to promote financial discipline and long-term security among young people. Beneficiaries do not need to go through a separate registration process their enrollment into NSSF is seamless and automatic.

NYOTA Beneficiaries Youth Savings

Business Support

A beneficiary who qualifies for the Business Support , will receive KES 25,000 in two payments (tranches) to support your business: Automatic Deduction: KES 3,000 goes directly to your NSSF Haba Haba savings wallet for each tranche.

On-the-Job Experience

If you join the on-the-job program, you’ll get a monthly stipend of KES 6,000 for six months:

  • KES 720 of this will go directly to your NSSF Haba Haba savings wallet each month.
  • This means you’re earning while saving, building your financial safety net at the same time.

The beneficiaries' savings will be split into 30% Short-Term Savings and 70% Long-Term Savings.

Rules for accessing savings

  • 30% Short-Term Savings: Accessible 1 year after you start saving.
  • 70% Long-Term Savings: 50% is available after 5 years, and the rest is saved for the  Youth's future life goals.

You can track your savings digitally, check your balance anytime, and even add extra money to your Haba Haba account to grow your savings faster.

Matching Contributions

The NSSF Haba haba through the NYOTA project matches voluntary savings only at a 2:1 rate – that means for every KES 2 you save, the project adds KES 1.

  • Example 1: Save KES 1,000 → Project adds KES 500 → Total = KES 1,500
  • Example 2: Save KES 6,000 → Project adds KES 3,000 → Total = KES 9,000

The beneficiary should save consistently for at least 6months to qualify for matching.

Maternity Benefit (for Female Youth)

This is applicable for only female beneficiaries in the NYOTA project. The qualifications for maternity support are as follows:

  1. The beneficiary should opt-in for the maternity benefit through the USSD *254#.
  2. The beneficiary should notify NSSF during your second trimester of their pregnancy through the USSD *254#.
  3. Contribute  KES 400 per month for 4 months consecutively. This amount is a premium amount of KES.1,600 to qualify for the maternity benefit.

What you get:

  • KES 4,000 per month for 4 months after childbirth (total KES 16,000).
  • In case of a stillbirth after 7 months of pregnancy, the benefit still applies once verified.

This ensures financial support during the post-natal period and encourages regular savings habits.

FAQs

How do I access my savings?

You can check and manage your savings online *254# or on the NSSF Haba haba digital wallet

Short-term savings: 30% after 1 year after opt-in.

Long-term savings: after 5 years (50%) and balance at retirement

Yes! You can add extra money anytime. Save as low as KES.25 per day, KES.175 per week, or KES.400 per month 

Female participants in the  NYOTA project who save at least KES 400/month for 4 months and opt in within 6 months of enrollment.

Within the first 6 months of joining the program.

Your existing NSSF number will be maintained and you will not be auto registered.You will have a unique NYOTA wallet and Maternity wallet  which is applicable to female beneficiaries.

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