ADVOKS GLOBAL · KENYA
The Banking (Penalties) Regulations, 2025
42. Charges on savings, call or fixed deposit accounts
Edition: 2025-07-09 · In force
42. Charges on savings, call or fixed deposit accounts
(1)An institution which imposes a charge on a savings, seven-day call or fixed deposit account, commits a violation and is liable, upon assessment, to a penalty not exceeding two million shillings or three times the gross amount of the monetary gain made or loss avoided by the institution.(2)An officer of an institution found liable for the violation in paragraph (1), commits a violation and is liable, upon assessment, to a penalty not exceeding one hundred thousand shillings.