TZS Fixed Deposits

Features

  • Minimum opening balance TZS. 50,000

  • Low minimum opening balance

  • Tenors of 1 to 12 months

  • No account maintenance charges

  • Borrow against your fixed deposit balance

  • Attractive interest rates

  • Flexible period terms-Fixed deposits for 3 to 12 months

  • Interest on monthly minimum balance applied annually


Benefits

  • Help savings growth

  • Economical

  • Secure deposits

  • Easy to open guaranteed future income

  • Stress free withdrawal upon maturity

  • Negotiable rates on amounts higher than TZS 100 Million

  • Borrow against own fund, emergency loan- We maintain 80% of credit balance

Charges

  • No charges

Requirements For Individuals

  • Funds to be invested

  • Fill application form

  • Two quality colour Passport sized

  • Letter from local leader/employer, passport, copy of driving license

  • ID- original to be viewed and copy attached

Requirements For Companies

  • Certificate of registration, Business license, Certificate of Incorporation- original to be viewed and copies attached.

  • Board resolutions to open account

  • Two quality colour Passport sized of each signatory.

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