Step By Step Guide To Opening A CBK-CDS Account For Kenyans In Diaspora |Investing In Bonds In Kenya
Did you know that you can loan money to your government by investing in Treasury Bills & Bonds? When you do, the government will pay you back all your money plus interest!
This is a Step By Step Guide To Opening A CBK-CDS Account For Kenyans In Diaspora
You'll also learn:
☑️ Requirements for a CDS account
☑️ Central Bank Guidelines for filling the CDS application form (Mandate card)
☑️ How to open a CDS account
☑️ Where to buy Treasury Bills
☑️ Steps to follow when investing through CBK
☑️ Treasury Mobile Direct (CBK-TMD Code)
☑️ How to buy a T-Bill using TMD
☑️ Are Treasury Bills taxable in Kenya?
☑️ How much Treasury bills can I buy?
☑️ Can I invest in Treasury Bills while living in the diaspora?
Full guide on How To Invest In Treasury Bills 👉🏽 thewealthtribe.com/how-to-inv...
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Пікірлер: 93
Tribe, CBK discontinued this manual account opening process. They launched the DhowCSD app which you can use to set up your account online. I created a guide on how to sign up here 👉🏽👉🏽 kzread.info/dash/bejne/gmVmqcdxcZuZmLQ.htmlfeature=shared If you need help with how to invest in Kenya while living in diaspora, email me 👉🏽👉🏽 agatha@thewealthtribe.com
@IGM_Dex
9 ай бұрын
This is brilliant. Thank you for the info
You are the only one person who have explained how to go about this process , God bless you
@TheWealthTribe
9 ай бұрын
Thank you 😊
This was wonderfully explained, I now understand the process from start to finish, thank you so much.
@TheWealthTribe
2 ай бұрын
Glad it was helpful!
This information is gold. Agatha, you have outdone yourself. I linked so many of my friends. You are a jewel. keep educating us out here. Those step by step tips are very helpful
@TheWealthTribe
Жыл бұрын
Wow, thank you! I'll keep doing this 💪🏾
Thanks for this info. Very precise
@TheWealthTribe
Жыл бұрын
Glad it was helpful!
Great information. Thank you
@TheWealthTribe
Жыл бұрын
Glad it was helpful!
🎉absolutely incredible informative 🎉🎉
@TheWealthTribe
Жыл бұрын
Glad you think so!
Very insightful..thank you so much Miss Agatha
@TheWealthTribe
Жыл бұрын
You are very welcome
Agatha thank you so much for this information. This is what I wanted.
@TheWealthTribe
Жыл бұрын
I'm glad it was helpful 😊
Informative 💯✅
@TheWealthTribe
Жыл бұрын
Glad it was helpful!
Awesome 🎉
@TheWealthTribe
Жыл бұрын
Thanks 🤗
You are really giving us a lot of information about investment, God bless you my sister
@TheWealthTribe
Жыл бұрын
Glad it was helpful!
Don't give up calling CBK for the documents. After multiple attempts someone kind picked up the call and told me she will follow-up on my email. She did....and I got the documents in one day. Thank you so much for your help and advise Agatha.
@TheWealthTribe
Жыл бұрын
I'm so glad to hear this! 💪🏾
@Tamarrind97
Жыл бұрын
Just to add on, their initial email response was that they cannot provide documents since they are all posted on their site under forms. I responded back and showed them a screenshot of the forms tab where there were no such documents listed. Woke up to an email with documents attached. Grateful
@TheWealthTribe
Жыл бұрын
@@Tamarrind97 So happy that the video has been this helpful to you! And I'm glad that you're also proactive with the process 🎉
Thank you Agatha for the invaluable information. We appreciate the research you did to gather all this information and for sharing your experience. I tried calling the number you shared but its no longer in service. I'm in Canada.
@TheWealthTribe
Жыл бұрын
Hi Ramson, write an email to primaryissues@centralbank.go.ke
With the DhowCSD digital account now operational is the manual process defunct
@TheWealthTribe
8 ай бұрын
Yes
If you need help accessing the documents I have listed or want to learn more about how to invest in Kenya while living in diaspora, email me 👉🏽 agatha@thewealthtribe.com
Thank you. Very informative especially on kenyans with active local bank accounts. Again cbk dont have a tutorial on their KZread account
@TheWealthTribe
11 ай бұрын
Welcome! CBK recently launched an app called dhowcsd which you can use to create your account.
@evanskatwa8350
11 ай бұрын
@@TheWealthTribe i was looking for a tutorial on that when I stumbled on your video. You should consider doing one for the DhowCSD
@TheWealthTribe
11 ай бұрын
@@evanskatwa8350 I'm working on it as we speak 😁
@TheWealthTribe
11 ай бұрын
@@evanskatwa8350 here you go 👉🏽👉🏽 kzread.info/dash/bejne/gmVmqcdxcZuZmLQ.htmlfeature=shared
Golden in formation, if i open CDS account via our local commercial banks how can i check or verify if they have bought the bonds for me? Secondly can i use the same cds account lets say i want to buy bill or bonds directly? thanks
@TheWealthTribe
10 ай бұрын
A CDS account through a bank is called a Nominee Account. The bank will provide the documentation as proof when you invest through a nominee account. No, you cannot use a nominee account to buy bills & bonds directly. By using a nominee account, you will pay management fees to a bank for every investment, which is why I recommend setting up an account directly with CBK. It's easy because they launched an app. Use this link to learn more: kzread.info/dash/bejne/gmVmqcdxcZuZmLQ.html
Hallo, thank you for making our work easier. I am in diaspora and i do have a local bank. However i don't save on the account as often thus less cash in it. My question does the account need to have the required amount that i intend to invest? Two can the payments be done through mpesa when my bid is accepted.
@TheWealthTribe
Жыл бұрын
Hi Grace, there's no cash requirement in the bank account. No, you can't pay through M-PESA. You'll transfer money to the local account then send the money to CBK through an RTGS transfer. Send me an email via agatha@thewealthtribe.com if you need more help.
Thank you Agatha for taking your time to bring us such informative presentation. I'm a Kenyan in diaspora and got my CDS account while in Kenya; though didn't do any transaction until I flew out. While in diaspora I successfully bid for the T bills but couldn't effectively wire the amount to my virtual account coz I'd challenges with my commercial bank's mobile banking app, thus I couldn't beat the value date deadline. I understand that this's a breach of CBK rules pertaining T Bills. My question is am I legible for the investments anymore? My second question is that between my real names and my portfolio/cds number, which one do I put when asked for ACCOUNT NAME in the process of making payments for the Treasury Bills. That's all madam Agatha. I look forward to your kind response. Thank you. With regards.
@TheWealthTribe
Жыл бұрын
Hi Ronald, About your eligibility, you'd need to write to CBK through primaryissues@centralbank.go.ke Explain what happened then ask them if you're eligible to invest.
@TheWealthTribe
Жыл бұрын
For account name, write your name...
@NorekG1453
Жыл бұрын
Thank you so much for your timely and helpful response. I'll surely contact them through the address you've just provided. Thumbs up to the professionalism. I recommend this channel to all that are interested in wealth creation.
Hi Agatha thanks for this information, am a Kenyan with a Local Bank account how do l open a CDS account and is here a time frame for making a deposit without losing the CDS accoujnt
@TheWealthTribe
Жыл бұрын
Hi, Central Bank discontinued this manual process of opening a CDS account. We're waiting for them to launch the digital process: this means that for now, you can't open an account. I'll create a video guide when they launch it. About the time frame: if you don't invest in a bond within a year, your CDS account becomes inactive.
Thank you for your presentation.But I have some questions. What is the difference between CSD account and vertual account? During the period of issuance what is the debt account? CSD account or vertual or the normal/cash account to transfer the money to CBK from from your account? During maturity the CBK credit on which account from the above listed account?
@TheWealthTribe
6 ай бұрын
kzread.info/dash/bejne/gmVmqcdxcZuZmLQ.html
Is the co-op diaspora account considered a local (Kenyan) commercial bank account eligible to apply for a CDS account?
@TheWealthTribe
Жыл бұрын
Please write to primaryissues@centralbank.go.ke to confirm.
Now that we have dhowapp from cbk, can you open cds account with that and how does it work
@TheWealthTribe
7 ай бұрын
kzread.info/dash/bejne/gmVmqcdxcZuZmLQ.htmlfeature=shared
You are so knowledgeable t🫶🫶🫶
@TheWealthTribe
9 ай бұрын
😊
Hi. Does this only apply to Kenyans in diaspora?If I'm in Kenya? Do i follow the same steps, do i also provide those 7 documents?
@TheWealthTribe
Жыл бұрын
Hi Jane, If you're in Kenya, the process was that you should physically go to CBK offices, collect the 7 forms, fill them manually and return to CBK but they have since changed the process and we're waiting for them to launch the digital process.
Can you open a joint CDS account with friends?
@TheWealthTribe
Жыл бұрын
Yes. Each of you has to fill the mandate form and also provide the documents listed
Can someone I trust ,back in kenya open a CDS account on my behalf using all my credentials
@TheWealthTribe
Жыл бұрын
Unfortunately, CBK stopped this manual account opening process a month ago because they're working on launching a digital system. We're still waiting for the launch.
How do I do a top up of a bond? I hear in multiple of 50 but how do I just send money in my virtual account?
@TheWealthTribe
Жыл бұрын
You send money to your virtual account through a bank transfer: either EFT or RTGS transfer. Contact your bank to provide specific instructions on how to go about it
@Invible943
Жыл бұрын
Do I need to tell CDS that I want money to be added to that specific bond? Since I have other bills ongoing?
Question. Is a Sacco a commercial bank also?
@TheWealthTribe
Жыл бұрын
No...
@Tamarrind97
Жыл бұрын
@@TheWealthTribe Thank you.
Hello wealth tribe, I am Joseph Omwaka, what is tap sale? Just received the message on my phone
@TheWealthTribe
Жыл бұрын
A tap sale is a bond resale from a previous issue. The bond is offered at the original average weighted coupon rate, maturity, face value but sold at current market price.
@Omwaka
Жыл бұрын
@@TheWealthTribe thanks madam
What if I apply as Kenyan in Kenya but lives in abroad ?
@TheWealthTribe
9 ай бұрын
This application method is no longer in use. Watch this guide 👉🏽 kzread.info/dash/bejne/gmVmqcdxcZuZmLQ.html
How can I deposit money to my CDS account Tell us more between Virtual and portfolio number
@TheWealthTribe
Жыл бұрын
Use the two numbers to do an RTGS transfer
@TheWealthTribe
Жыл бұрын
Do an RTGS transfer from your bank to CBK
Am abroad and ussd never works,i guess its network issues. Are there another ways of applying for the bonds?
@TheWealthTribe
Жыл бұрын
Do you have a CDS account already?
@shawnkai532
Жыл бұрын
@@TheWealthTribe @The Wealth Tribe yes, problem is safaricom ussd doesn't work here but my Number is registered to Tmd, works well when am in kenya
@shawnkai532
Жыл бұрын
@@TheWealthTribe yes problem is Safaricom USSD never works here.
@Njerukinyua
Жыл бұрын
I live abroad and the *866# works just fine
Great job. Can the CDS account be opened faster if you go to CBK in person?
@TheWealthTribe
Жыл бұрын
Hi Edward, unfortunately , CBK discontinued the in-person account opening process. We're waiting for the digital system to be launched.
@edwardnyette9376
Жыл бұрын
@@TheWealthTribe Thank you for responding.
can one trade online for kenyan stocks?
@TheWealthTribe
Жыл бұрын
yes
Are this only for Kenyan? What about if I am from another country, am I eligible to invest in Kenya bond? Thanks
@TheWealthTribe
Жыл бұрын
Yes you can, through a Kenyan commercial bank
@alaincedrictchonengpouokam2388
Жыл бұрын
@@TheWealthTribe ok I am a Cameroonian based in US and looking for African bonds to buy; our bonds here is 4%. What is the best commercial bank in Kenya in your opinion?
So dhowcsd same as cds??
@TheWealthTribe
9 ай бұрын
It was previously known as CSD. It's now called CSD 👉🏽 kzread.info/dash/bejne/gmVmqcdxcZuZmLQ.html
CBK wako na ufala sana,,,Why make the process more hectic 🤷♂🤷♂
@TheWealthTribe
11 ай бұрын
They launched the DhowCSD app which you can download and use to create your account.