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SHIF deductions: Six banks selected for remittances as State begins raiding payslips

Social Health Authority building

The Social Health Authority building in Nairobi.

Photo credit: File | Nation Media Group

What you need to know:

  • In an interview on Monday, Dr Abdi Mohamed, the chairperson of SHA, explained that during the discussions, employers said they would prefer to use the six banks to make the remittances, since they are banks they currently use for other services. 
  • Questions have been raised as to why remittances are processed through a different paybill and not the single government one unveiled by the Ruto administration last year.

The Social Health Authority (SHA) has designated six prominent lenders financial institutions — Kenya Commercial Bank (KCB), Sidian Bank, Co-operative Bank, Equity Bank, Absa and Diamond Trust Bank (DTB) — as the official collection accounts for employer contributions. 

This was revealed by Medical Services Principal Secretary Harry Kimtai, who said the decision followed consultations with employers.