Investors incur higher costs on bonds platform

DNPETROLEUMINDUSTRY1809

CBK Governor Dr Kamau Thugge speaks at a past event on September 18, 2023, at Sarova Stanley Hotel in Nairobi. PHOTO | BILLY OGADA | NMG

The Central Bank of Kenya’s new Central Securities Depository (CSD) platform has hit retail investors transferring funds to pay for government securities with new charges after changing the mode of payment to include only RTGS and Swift via commercial banks.

The biggest burden lies on those buying minimum bond values of Sh50,000, for whom the standard RTGS fee equals one percent of the value of their capital.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.