• K20.00 minimum fortnightly contribution
• Savings interest is 3% per annum
• Funds directly deposited into nominated school, institution or supplier accounts
• Quotations from supplier(s) of stationery, goods and services or school fee invoice must be lodged upon submission of application
• Payment confirmation letter provided to school or supplier
• Funds accessible all year round
• Multiple withdrawal per month is allowed and is subject to availability of savings
• Savings can be used as collateral to apply for loans
• Minimum account holding balance of K50.00

Interest rates are subject to change

• Save monies advance for school related expenses 
• Access funds once a month 
• Savings can be used as collateral to apply for loans 
• Member can pay for any person’s tuition fees or other school related expense 

• Digital service is free 
• K1.00 fee charged for in branch transfer from savings to Poro Account 
• K1.00 monthly account keeping fees  

To apply for Education Savings Account or to withdraw funds, complete the application online or submit with a valid copy of your ID and relevant invoices to your nearest NCSL branch or email it to our Call Centre on callcentre@ncsl.com.pg 

Upon successful withdrawal, the funds from Education Savings are deposited into the school or suppliers account per supplied invoice.  

For more information on Education Savings Account, contact our friendly Call Centre Team on 207 2000 or email callcentre@ncsl.com.pg

• What is an Education Savings account? 
  Savings account specific for education related expenses. Upon withdrawal request, the funds in this account are directly deposited to nominated school, institution, or supplier accounts 
• What is the account opening fee? 
  The fee to open a new Education Savings account is K20.00 
• Can I access Education Savings anytime? 
  Members can access their Education Savings account anytime of the year whereby parents/guardians provide an invoice and NCSL does the payments directly to the school or supplier 
• Do I get paid interest? 
  Yes, with Education Savings account members are paid an annual interest of 3% 
• How do I open an Education Savings account? 
  To open an Education Savings account you will be required to complete the new membership applications form and submit it at any NCSL branches with a copy of your valid ID. You can email your applications to NCSL Call Centre Team on callcentre@ncsl.com.pg