Designed for children within the age group 0-18 years
Access limited to Parents and Guardians only
Interest earned once a year
Statements – monthly, quarterly or half yearly
Opening balance Tshs 5,000
Low minimum operating balance of Tsh 20,000
Cash withdrawal is limited once after every three months or four times per annum.
A penalty of TZS.10,000 for extra withdrawal more than once per quarter or more than four times per annum.
The customer will draw money from the account once per quarter not more than 50 percent of total savings maintained in the account.
Savings plan for children needs
Returns on savings, earn an attractive interest rate 4% p.a.
Earn Bonus interest of 0.5% for maintaining account balance of TZS. 5 Millions for the whole year without withdrawal.
The account can be changed into a personal savings account when the children are over 18 years old.
None (No withdrawal charges and Maintenance fee)
Original and copy of personal Identification for none DCB customer
For DCB customers Parent/Guardian no need of submitting an introduction letter from the local leader or Employer.
Birth Certificate/ Notification of birth of child/affidavit
Two quality colour Passport sized photographs of Parent/Guardian
Two quality colour passport sized photographs of Child