Acting Social Health Authority (SHA) CEO Elijah Wachira has announced six designated bank accounts for processing deductions from salaried employees’ remittances.
In a notice released on Monday, October 14, 2024, Wachira outlined the banks where employers must remit these deductions by the 9th of each month. The banks include:
- KCB Bank, Capitol Hill Branch – Account number: 1329035704
- Sidian Bank, Kilimani Branch – Account number: 01036020040330
- Cooperative Bank, Upper Hill Branch – Account number: 01101176474001
- Equity Bank, Community Branch – Account number: 0170285746991
- Absa Bank, Absa Towers Branch – Account number: 2052202135
- Diamond Trust Bank, Capital Centre Branch – Account number: 0298631001
All six accounts will be listed under the Social Health Insurance Fund (SHIF).
According to Regulation 17(1) of the Social Health Insurance General Regulations, households with income from salaried employment must contribute monthly to the Social Health Insurance Fund at a rate of 2.75% of their gross salary or wage, with remittances due by the ninth (9th) day of each month.
Wachira also highlighted a clause in the Social Health Insurance Act that details penalties for those who fail to make timely deductions.
“Section 48(1) of the SHI Act specifies offences for any person or contributing employer who fails, without lawful excuse, to make timely contributions or knowingly provides false information,” he stated in the announcement.
