This comprehensive guide will walk you through everything you need to know about depositing money into your Zidii MMF account, including the available options, step-by-step procedures, and important considerations.
Prerequisites for Depositing to Zidii MMF
Before you can deposit money into Zidii MMF, you must:
- Have an Active M-PESA Account: Zidii is exclusively accessible through M-PESA
- Opt-In to Zidii MMF: Complete the one-time registration process
- Accept Terms and Conditions: Understand your rights and responsibilities as an investor
- Have Sufficient M-PESA Balance: Funds can only be deposited from your M-PESA wallet
Important Note: Currently, all deposits and withdrawals are exclusively via M-PESA. You cannot deposit funds directly from a bank account or through an M-PESA agent.
Step-by-Step Guide: How to Deposit Money to Zidii MMF
Method 1: Using the M-PESA Super App
The M-PESA Super App provides a user-friendly graphical interface for managing your Zidii investments.
First-Time Users: Opt-In Process
If you haven't registered for Zidii MMF yet, follow these steps:
- Download and Open the M-PESA Super App
- Download from Google Play Store or Apple App Store
- Log in using your M-PESA PIN or biometric authentication
- Navigate to Zidii
- On the app homepage, locate and tap on "Financial Services"
- Select "Zidii" from the available options
- Choose "Zidii MMF"
- Complete Registration
- Read the Terms and Conditions carefully
- Tap "Accept" to agree to the terms
- Enter your personal information as prompted
- Enter your M-PESA PIN to confirm registration
- You will receive an SMS confirmation of successful registration
- Make Your First Deposit
- Once registered, you can immediately start depositing
- Navigate to the Zidii mini app on your M-PESA App
- Select "Deposit" or "Invest"
- Enter the amount you wish to deposit (minimum KES 100)
- Confirm the transaction
- Enter your M-PESA PIN
- You will receive an SMS confirmation of your deposit
For Existing Zidii Users: Making Additional Deposits
- Open the M-PESA Super App
- Navigate to "Financial Services" → "Zidii"
- Select "Deposit" or "Add Funds"
- Enter the deposit amount
- Confirm the transaction details
- Enter your M-PESA PIN
- Receive SMS confirmation
Method 2: Using USSD Code (*334#)
The USSD channel works on all phone types, including feature phones, making Zidii accessible to everyone.
First-Time Users: Opt-In Process
- Dial *334# from your Safaricom line
- Select "Financial Services" from the menu
- Choose "Zidii"
- Select "Zidii MMF"
- Read and Accept Terms & Conditions
- You'll be prompted to accept the investment terms
- Select "Accept"
- Enter Your Personal Information
- Follow the prompts to provide required details
- Enter Your M-PESA PIN to complete registration
- Receive Confirmation SMS
Making Your First Deposit via USSD
After successful registration:
- Dial *334#
- Select Financial Services
- Choose Zidii
- Select Deposit/Invest
- Enter the amount you wish to deposit (minimum KES 100)
- Confirm the transaction
- Enter your M-PESA PIN
- Receive SMS confirmation
For Existing Users: Making Additional Deposits
- Dial *334#
- Navigate to Financial Services → Zidii
- Select Deposit or Top Up
- Enter deposit amount
- Confirm transaction
- Enter M-PESA PIN
- Receive confirmation
Special Feature: Deposits for M-PESA GO Users (Teens)
Safaricom has extended Zidii access to teenagers (ages 10-17) using M-PESA GO accounts, promoting financial literacy from a young age.
How Teens Can Deposit to Zidii:
- Via USSD:
- Dial *334#
- Select Financial Services
- Choose Zidii → Zidii MMF
- Accept Terms & Conditions
- Enter M-PESA PIN
- Make deposit following standard steps
- Via M-PESA App (Coming Soon):
- Access will be available through the M-PESA Super App
Note: Parents/guardians can monitor teen accounts through their linked M-PESA GO management features.
Important Deposit Limits and Considerations
Transaction Limits
- Minimum Deposit: KES 100
- Maximum per Transaction: KES 250,000 (M-PESA limit)
- Daily Limit: KES 500,000 (M-PESA daily transaction limit)
- No Maximum Total Investment: You can build your investment over time
Transaction Costs
- Deposit Fees: ZERO - Completely free
- Withdrawal Fees: ZERO - Completely free
- Maintenance Fees: NONE
This makes Zidii MMF one of the most cost-effective investment options available through mobile money.
When Your Money Starts Earning Interest
- Deposits begin earning interest 24 hours after being deposited
- Interest is calculated daily and accrues to your Zidii wallet
- You can view your earnings through the M-PESA App or by dialing *334#
Tracking Your Deposits and Investment Performance
After making deposits, you can monitor your investment through:
Via M-PESA Super App:
- Open the M-PESA App
- Navigate to Zidii mini app
- View "Investment Performance" section
- See your total investment, daily earnings, and interest rate
Via USSD (*334#):
- Dial *334#
- Select Financial Services → Zidii
- Choose Check Balance or Investment Performance
- View your current balance and daily interest rate
Additional Zidii Features Related to Deposits
Locking Funds
Zidii offers a unique feature to help with financial discipline:
- Lock funds to prevent unplanned withdrawals
- No fixed locking period - lock for as long as needed
- Can top up locked funds anytime
- No fees for locking or unlocking
- Locked funds earn the same interest rate as unlocked funds
- Unlocking takes 72 hours before funds become available
- Must unlock the entire locked amount (not partial)
How to Lock Funds:
- Via M-PESA App: Navigate to Zidii mini app → Lock Funds
- Via USSD: Dial *334# → Zidii → Lock Funds
Frequently Asked Questions About Deposits
Q1: Can I deposit money to Zidii from my bank account directly?
A: No. Currently, all deposits must be made from your M-PESA wallet. You can first transfer money from your bank to M-PESA, then deposit to Zidii.
Q2: Can I deposit cash through an M-PESA agent to Zidii?
A: No. You must first deposit cash to your M-PESA account through an agent, then transfer from M-PESA to Zidii.
Q3: Are there any charges for depositing to Zidii?
A: No. All deposits to Zidii MMF are completely free of charge. Safaricom has zero-rated these transactions.
Q4: How long does it take for my deposit to reflect in Zidii?
A: Deposits are instant. However, your funds start earning interest 24 hours after the deposit.
Q5: Can I deposit multiple times in a day?
A: Yes, you can make unlimited deposits per day, subject to the M-PESA daily transaction limit of KES 500,000.
Q6: What happens if I exceed the M-PESA transaction limit?
A: Transactions exceeding KES 250,000 per transaction or KES 500,000 per day will be declined. You can split deposits across multiple transactions or days.
Q7: Is my money safe in Zidii?
A: Yes. Zidii MMF is regulated by the Capital Markets Authority, managed by licensed fund managers, and your funds are secured through M-PESA's established security systems. The fund invests primarily in low-risk government securities.
Q8: Do I need a smartphone to deposit to Zidii?
A: No. You can use the USSD code (*334#) from any phone, including basic feature phones.
Security Tips for Depositing to Zidii
- Protect Your M-PESA PIN: Never share your PIN with anyone
- Verify Transactions: Always confirm the amount and details before entering your PIN
- Keep Your Phone Secure: Enable biometric authentication if your phone supports it
- Report Suspicious Activity: Immediately contact Safaricom if you notice unauthorized transactions
- Update Your Details: Keep your registered information current, especially your Next of Kin details
If You Suspect Compromise:
- Call Safaricom Customer Care: 100 (Prepaid) or 200 (Postpaid)
- Email: [email protected]
- Visit the nearest Safaricom Care Desk
Taxation and Fund Management
Fund Management Fee
- 2% per annum on interest earned
- Already deducted from the displayed net return
- Charged by the fund managers (Standard Investment Bank, ALA Capital, Sanlam Investments)
Withholding Tax
- 15% tax on interest earned
- Deducted automatically as per Kenya Revenue Authority regulations
- Applied to all interest-earning investments
Additional Fees (Not Directly Related to Deposits)
- Trustee fee: 0.2% per annum
- Custodian fee: 0.15% per annum
Note: All fees are deducted from the fund's returns, so the interest rate displayed to you is the net rate after all deductions.
