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Bankers Association of Malawi

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To improve on the way we carry out the task of crediting your exam account, you will now be required to observe the following guide lines as you deposit your fees at the bank:

  • If you are a member or continuing candidate, you will be reminded of the bank account number to use via the email address you provided us.
  • If you are new to IOB, please register first and provide an email address which we can use to communicate with you
  • When you are ready to pay fees at the bank, you will be required to quote the following information (Please adhere to this to avoid delays in crediting your account):
    • Your registration number, eg IOB-2003-209
    • Your full names, eg John Choziwaziwa Chimtengo
    • Your Phone Number so that we can easily contact you if there is a problem in crediting your account
    • Indicate what the amount deposited is for, eg 'FEES FOR NOVEMBER EXAMS, MEMBERSHIP, REGISTRATION etc'
      (This is what will be quoted on your receipt).
      Please note that there is no need to indicate the Papers you wish to sit for at this stage

In view of this new development, all students sitting for the November 2013 examinations will be given special examination numbers. Every semester these examination numbers will be changed once you have paid for your examinations and annual subscription fees. If you do not have your examination number by 20th of March and November of each year and yet you have paid for fees, you need to contact our offices.


Please note that you will still maintain your IOB number which is your identification number as our student. This number will not be used when writing your examinations. A special number will be generated and communicated to you. The communication will act as an invitation to the examination.


Make sure that you deposit the exact amount of funds for that particular semester. We will not entertain any refunds.

With immediate effect, the Institute has made changes on its fee structure as follows:


Examination Fees:


Fees received by 31st March and 30th September for May and November session respectively.

Certificate level =
K22,000.00/subject
Diploma level = K24,000.00/subject
Advanced diploma level
= K25,000.00/subject



Penalty Fees to be received by 10th April and 10th October for May and November sessions respectively.



Certificate level
= K30,800.00/subject
Diploma level
= K33,600.00/subject
Advanced diploma level
= K35,000.00/subject
Resitting fees
= K10,000/subject
Exemption Fees = K15, 000 per subject
Remark Fees = K15, 000 per paper


Penalty fee for writing exams without payment: K30,000 per paper.


*** Please note there are no module fees from now onwards. When paying for examination fees, make sure that you fill up your examination registration form and send it together with your stamped deposit slip to the Institute.


Penalty Fees to be received by 10th April and 10th October for May and November sessions respectively.

Certificate level = K30,800.00/subject
Diploma level = K33,600.00/subject
Advanced diploma level = K35,000.00/subject
Resitting fees = K10,000/subject
Exemption Fees = K15, 000 per subject
Remark Fees = K15, 000 per paper


Penalty fee for writing exams without payment: K30, 000 per paper.


***Please note there are no module fees from now onwards. When paying for examination fees, make sure that you fill up your examination registration form and send it together with your stamped deposit slip to the Institute.***

IOB would like to inform all students who sat for May 2013 examinations that the results have been released and sent to your email address.

Also be advised that students who have not paid all necessary fees will be subjected to 40% penalty of outstanding fees in order to access the results. This is with immediate effect.

If you have any queries regarding the same, kindly contact the Institute at your earliest convenience.