Databank Student Investment Account (DSIA)

Ghana Stock Exchange



The Databank Student Investment Account (DSIA) is an investment package designed specifically for tertiary students. DSIA combines a Databank mutual fund with other benefits such as investment seminars, career planning advice, rewards for staying invested, as well as a membership card that offers discounts at a variety of retail outlets nationwide.

The ultimate goal of DSIA is to assist students in investing toward future goals such as pursuing further studies, starting a business or even buying a car. This unique student account further helps to develop the culture of investing in young people to aid in building wealth for the future.

Every deposit made under DSIA is invested in EdIFund Tier 1 (Tier 1 seeks to achieve its objective by investing up to 30% in equities in Ghana and other parts of Africa, and between 70% to 100% in fixed-income products).

With DSIA, pursuing dreams should not have to wait until graduation day.

1. What is the Databank Student Investment Account?
Databank Student Investment Account (DSIA) is an investment package tailor-made for tertiary students. DSIA assists students in investing toward the future and helps to develop the culture of investing.

2. What’s the minimum investment amount I can start with?
The minimum initial investment you can start with is GHC 25. To grow your money significantly, it is best to follow a consistent investment plan. The required minimum monthly contribution into your account is GHC 20.00.

3. Are there any other fees I have to pay when I open the account?
Yes. Once you sign up for the account, you must pay a one-time membership fee of GHC 10. In addition to the benefits outlined above, you will receive a membership card and Databank branded souvenirs. Your membership must be renewed annually by completing a DSIA update form. There is no charge.

4. Can I access the funds in my investment anytime I need money?
Yes. While you can access your funds at any time, it is recommended that each deposit remains invested for at least 12 months before withdrawing. This is because, the longer you leave your investment, the more likely it is to grow.

5. How is the money going to be invested?
All funds deposited under DSIA will automatically be invested in EdIFund Tier 1, unless you indicate otherwise. To learn more about EdIFund Tier 1, please read the Fund’s Scheme Particulars, which is available at www.databankgroup.com

6. What is the minimum recommended holding period for investing in the fund?
The minimum recommended holding period for your DSIA investment is 12 months.

7. Can I sign up for DSIA even if I am not a student?
No. You MUST be a student to sign up for and enjoy the benefits of DSIA. However, you can invest directly in any of Databank’s mutual funds (i.e., MFund, BFund, ArkFund, Epack and EdIFund) at any time.

8. Can I make deposits into my account through other banks?
Yes. You can top up your account at any of our partner banks (i.e., GTBank, UBA, Zenith and Access Bank). You can also deposit money through our mobile money and online services. Please select EdIFund Tier 1 on the deposit slip.

9. Will my membership card expire?
Yes. Your membership card expires after a period of one year. However, the card must be renewed if you want to enjoy discounts at the selected shops.

  • Mutual fund investment: By signing up for DSIA, you enjoy the benefit of investment diversification and professional fund management from Databank’s experienced Fund Managers.
  • Career development advice and free investment seminars: Articles on career development will be made available to you (e.g., updating CVs, corporate grooming, etc.)
  • Discounts at select retail outlets: As a member, you will be entitled to discounts on Databank sponsored events (e.g., Springboard, Success Africa and Step Up), electronics and much more.
  • Scholarship opportunities: As a member, you stand the opportunity to be one of 5 students who will receive up to GHC 1,000 toward payment of school fees (provided you invest regularly and have not made any withdrawals in the last 12 months).
  • Free gifts: As a DSIA member, you stand the opportunity to win a gift voucher if you maintain a required minimum average balance on your account over 12 months.

EPP BOOKS & STATIONERY

  • Accra Bookshop (Location: adjacent ECG, Accra Central)
  • Achimota Bookshop (Location: Achimota Old Station)
  • GIMPA Bookshop (Location: Near school of business car park, GIMPA campus
  • La Bookshop (Location: opp. Trade Fair, La-Accra)
  • Legon Book Shop (Location: Legon Mall near University Hospital)
  • Mataheko Bookshop (Location: Adjacent all sales, near Mataheko junction)
  • MUCG Bookshop (Location: Methodist University Campus, Centre link hostel)
  • Zenith Bookshop (Location: Zenith University Campus)
  • Cape Coast Bookshop (Location: UCC, adjacent Zenith Bank)
  • Swedru Bookshop (Location: Nkubeam junction)
  • Kumasi Bookshop (Location: Adjacent SSNIT House, Asafo)
  • Sunyani Bookshop (Location: Sunyani Polytechnic Campus)
  • Koforidua Bookshop (Location: opp. Shell/ adjacent B-foster bakery, Hospital road)

STARBITES

  • East Legon (Jungle Road)
  • Airport Residential Area (Nyaho Medical Centre)
  • Tema –  Community 8 (at the Shell Service Station)
  • Ashaley Botwe (at the Shell Service Station)

ELECTROLAND (Distributors of Samsung, Nasco & Midea products)

  • North Industrial Area (Dadeban Road)
  • Spintex
  • West Ridge
  • Kumasi
  • Cape coast
  • Tamale

ULTRA MEN GROOMING & SPA CENTER

  • 100 Meters From UPS School Legon, Accra

UCC CAMPUS

  • Nyame Na Ose Business Centre. (Location: Science market)
  • Which One Food Joint (Location: Amamoma near Prepaid sales point)
  • The Touch Salon (Location: Amamoma)

Thank you for choosing to invest in Databank Student Investment Account (DSIA).

Documents required
To complete your application, we will need scanned copies of the following:

  • A completed DSIA form & Databank application form
  • Completed signature card
  • Completed indemnity form
  • 2 Passport size photos
  • Valid student ID card
  • Copy of your Utility bill (or Google map printout showing where you live)

To download the forms, kindly click below:

Download Application Form
Download Indemnity Form

+ F.A.Q

1. What is the Databank Student Investment Account?
Databank Student Investment Account (DSIA) is an investment package tailor-made for tertiary students. DSIA assists students in investing toward the future and helps to develop the culture of investing.

2. What’s the minimum investment amount I can start with?
The minimum initial investment you can start with is GHC 25. To grow your money significantly, it is best to follow a consistent investment plan. The required minimum monthly contribution into your account is GHC 20.00.

3. Are there any other fees I have to pay when I open the account?
Yes. Once you sign up for the account, you must pay a one-time membership fee of GHC 10. In addition to the benefits outlined above, you will receive a membership card and Databank branded souvenirs. Your membership must be renewed annually by completing a DSIA update form. There is no charge.

4. Can I access the funds in my investment anytime I need money?
Yes. While you can access your funds at any time, it is recommended that each deposit remains invested for at least 12 months before withdrawing. This is because, the longer you leave your investment, the more likely it is to grow.

5. How is the money going to be invested?
All funds deposited under DSIA will automatically be invested in EdIFund Tier 1, unless you indicate otherwise. To learn more about EdIFund Tier 1, please read the Fund’s Scheme Particulars, which is available at www.databankgroup.com

6. What is the minimum recommended holding period for investing in the fund?
The minimum recommended holding period for your DSIA investment is 12 months.

7. Can I sign up for DSIA even if I am not a student?
No. You MUST be a student to sign up for and enjoy the benefits of DSIA. However, you can invest directly in any of Databank’s mutual funds (i.e., MFund, BFund, ArkFund, Epack and EdIFund) at any time.

8. Can I make deposits into my account through other banks?
Yes. You can top up your account at any of our partner banks (i.e., GTBank, UBA, Zenith and Access Bank). You can also deposit money through our mobile money and online services. Please select EdIFund Tier 1 on the deposit slip.

9. Will my membership card expire?
Yes. Your membership card expires after a period of one year. However, the card must be renewed if you want to enjoy discounts at the selected shops.

+ Why Invest in DSIA?
  • Mutual fund investment: By signing up for DSIA, you enjoy the benefit of investment diversification and professional fund management from Databank’s experienced Fund Managers.
  • Career development advice and free investment seminars: Articles on career development will be made available to you (e.g., updating CVs, corporate grooming, etc.)
  • Discounts at select retail outlets: As a member, you will be entitled to discounts on Databank sponsored events (e.g., Springboard, Success Africa and Step Up), electronics and much more.
  • Scholarship opportunities: As a member, you stand the opportunity to be one of 5 students who will receive up to GHC 1,000 toward payment of school fees (provided you invest regularly and have not made any withdrawals in the last 12 months).
  • Free gifts: As a DSIA member, you stand the opportunity to win a gift voucher if you maintain a required minimum average balance on your account over 12 months.
+ Discount Partners

EPP BOOKS & STATIONERY

  • Accra Bookshop (Location: adjacent ECG, Accra Central)
  • Achimota Bookshop (Location: Achimota Old Station)
  • GIMPA Bookshop (Location: Near school of business car park, GIMPA campus
  • La Bookshop (Location: opp. Trade Fair, La-Accra)
  • Legon Book Shop (Location: Legon Mall near University Hospital)
  • Mataheko Bookshop (Location: Adjacent all sales, near Mataheko junction)
  • MUCG Bookshop (Location: Methodist University Campus, Centre link hostel)
  • Zenith Bookshop (Location: Zenith University Campus)
  • Cape Coast Bookshop (Location: UCC, adjacent Zenith Bank)
  • Swedru Bookshop (Location: Nkubeam junction)
  • Kumasi Bookshop (Location: Adjacent SSNIT House, Asafo)
  • Sunyani Bookshop (Location: Sunyani Polytechnic Campus)
  • Koforidua Bookshop (Location: opp. Shell/ adjacent B-foster bakery, Hospital road)

STARBITES

  • East Legon (Jungle Road)
  • Airport Residential Area (Nyaho Medical Centre)
  • Tema –  Community 8 (at the Shell Service Station)
  • Ashaley Botwe (at the Shell Service Station)

ELECTROLAND (Distributors of Samsung, Nasco & Midea products)

  • North Industrial Area (Dadeban Road)
  • Spintex
  • West Ridge
  • Kumasi
  • Cape coast
  • Tamale

ULTRA MEN GROOMING & SPA CENTER

  • 100 Meters From UPS School Legon, Accra

UCC CAMPUS

  • Nyame Na Ose Business Centre. (Location: Science market)
  • Which One Food Joint (Location: Amamoma near Prepaid sales point)
  • The Touch Salon (Location: Amamoma)
+ Getting Started

Thank you for choosing to invest in Databank Student Investment Account (DSIA).

Documents required
To complete your application, we will need scanned copies of the following:

  • A completed DSIA form & Databank application form
  • Completed signature card
  • Completed indemnity form
  • 2 Passport size photos
  • Valid student ID card
  • Copy of your Utility bill (or Google map printout showing where you live)

To download the forms, kindly click below:

Download Application Form
Download Indemnity Form

Databank Financial Services Limited