First Discount House

RBM Bills

  • Short term securities issued by the Reserve Bank Of  Malawi for monetary policy operations
  • Bills issued in tenors of 63 and 91 days.
  • Primary auction done every Tuesday and settlement effected every Thursday
  • FDH licensed to sell bills in bits to individual and corporate clients from a minimum of K100,000.00
  • Free of default risk because they are obligations by the central bank
  • High degree of liquidity, can easily be converted into cash at a low transactional cost.
  • d and Offer prices displayed in key daily papers and firm quotes available from dealers on request every working day.

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Frequently Asked Questions

The minimum investment at FDH is K100,000.00
By deciding on your priorities. Instant access, for example, or a higher return in exchange for longer notice. There is always a product to meet your needs.
On maturity of your investment upon requesting for a repurchase of your investment.
It all depends on your circumstances. Most of our products are tailor-made to suit your cash flow The different options available at FDH give you the flexibility to access the interest earned at maturity of your investment.
Our investments, for one to nine months with higher rates of interest could suit you, subject to roll-over
Yes! Let us know if you qualify as a non-taxpayer by producing a tax exemption certificate and we will pay you without deducting tax.
If you are eligible to reclaim tax, please obtain a tax directive from the Commissioner of Taxes.
Add what you can from time to time or reinvest the interest on maturity.
Certainly. Our attractive interest rates ensure that as your investments grow, they earn more. We make a point of keeping our rates attractive, and details are always available from our dealers.
Certainly. All we need to know are the signing arrangements for mandates and withdrawals.
Not at all. Anyone is eligible to invest. Children below 18 years are considered minor.Account for minors can be opened but operated by an adult.

Umoyo House, No. 8 Victoria Avenue North, Blantyre, Malawi +2651820219 info@ fdh.co.mw