The Imarika Mradi Wallet is a savings and investment product offered through Britam that allows Kenyans to build financial discipline, grow their money and achieve medium-term goals. With competitive returns, flexible contributions and a fully mobile sign-up process, the Mradi Wallet is designed to help users plan for projects such as education, weddings, electronics, or a new car.
This guide breaks down how the Imarika Mradi Wallet works, eligibility requirements, benefits, fees, and how to apply, top up, check your balance and withdraw.
What the Imarika Mradi Wallet Is
The Imarika Mradi Wallet is a mobile-based investment wallet that allows users to save and earn returns of between 8 and 12 percent per year. The product is managed by Britam and supports both small and lump-sum contributions, with funds accessible after nine months.
The wallet is ideal for Kenyans saving toward specific financial goals and looking for competitive returns with minimal entry requirements.
Key Benefits of the Imarika Mradi Wallet
Competitive Earnings
- Earn between 8 and 12 percent per year depending on your fund balance.
Flexible Contributions
- Minimum contribution of Kes 200.
- Lump-sum deposits available from Kes 50,000.
Free Life Insurance
- Enjoy free life insurance cover of Kes 50,000 while you save.
Short-Term Access
- Withdraw your funds after nine months with no charge.
- Withdrawals before nine months attract an early exit fee.
Multiple Wallets
- Create and name different wallets for each goal, such as school fees, wedding, business capital or a new car.
Tax Advantages
- No withholding tax on interest earned.
- Additional tax relief available if the policy runs for ten years or more.
Mobile Convenience
- Everything from sign-up to withdrawals is done through *778#.
Eligibility Requirements
To qualify for the Imarika Mradi Wallet, you must:
- Be a Kenyan citizen
- Have a valid national ID
- Possess a KRA PIN
- Be aged between 18 and 75 years
- Have an email address for communication
Fees and Charges
- Management fee: 0.33 percent per month
- Early withdrawal fee: 15 percent of the amount withdrawn if you exit within the first nine months
How to Sign Up for the Imarika Mradi Wallet
- Dial *778# on your phone
- Complete the registration form using your ID number and KRA PIN
- Receive a temporary PIN
- Dial *778# again and log in using your temporary PIN
- Select Imarika Wallets
- Choose Mradi Wallet
- Select Create Wallet and enter a name such as New Car or Masters Degree
- Enter any promo code if applicable
- Deposit your first contribution
- Enter your M-Pesa PIN
- Receive a confirmation SMS
How to Top Up Your Imarika Mradi Wallet
- Dial *778#
- Enter your PIN
- Select Imarika Wallets
- Select Existing Wallet
- Choose Top-up
- Enter the amount
- Enter your M-Pesa PIN
Note: Top-ups take approximately 48 hours to reflect in your balance.
How to Check Your Balance
- Dial *778#
- Enter your PIN
- Select Imarika Wallets
- Select Existing Wallet
- Select Check Balance
How to Withdraw from the Mradi Wallet
- Dial *778#
- Enter your PIN
- Select Imarika Wallets
- Select the wallet you want to withdraw from
- Enter the withdrawal amount
- Confirm the withdrawal request
- Expect a call from a Britam representative within 24 hours
- Funds are credited to your M-Pesa within 4 to 7 working days
Note: Withdrawals made within the first nine months attract a 15 percent early exit charge.
Contact Information
Britam Head Office
Britam Centre, Mara/Ragati Road Junction, Upper Hill, Nairobi
P.O. Box 30375-00100
Tel: (020) 2833000
Fax: (020) 2717626 / 2714927
Email: info@britam.co.ke
