The invention discloses an NB-IOT (Narrow Band Internet of Things) water meter system, which comprises an NB-IOT water meter acquisition end, an NB-IOT base station, an IOT core network, an IOT water meter cloud platform and an NB-IOT client terminal, the NB-IOT Internet of Things base station comprises a first information receiving and sending module group which forms one-to-one pairing of independent frequency bands with information sending modules of the NB-IOT Internet of Things water meter collection end. The IOT core network comprises a second information receiving and sending module group which can be in wireless transmission connection with the first information receiving and sending module group; the NB-IOT Internet of Things base station further comprises a first encryption end; the NB-IOT water meter system comprises a first encryption end and a second encryption end, the IOT water meter cloud platform comprises a second encryption end, the NB-IOT water meter system applies an independent frequency band communication technology, a filtering technology and an encryption technology on a plurality of wireless connection platforms, so that communication of the NB-IOT water meter system is smoother and more efficient, and confidentiality of information wireless communication is greatly improved.