Money saved, is like money earned
Open a Savings Account with us!
Savings Account Ordinary/Others
These are Savings deposit established purposely for developing the habit of saving among the public.
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Benefits
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Features
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Eligibility
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Documentation
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Interest Rates & Charges
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Terms & Conditions
- No charges for ATM Cards
- No charges for ATM Cards
- No Charges for Internet Banking
- Free SMS alert facility
- No minimum Balance Charges
- No charges for foreign currency withdraw up to 1000/- USD
- Mobile banking facility available
- No charges for monthly statements
An interest of 2.5% is given to Tshs. Savings account and 0.25% for USD savings account.
- The minimum opening balance for this account is Tshs. 20,000/- , USD 50/- , GBP 50 or EUR 50 for each savings account.
- Tanzanian above 18 years of age.
- Foreign Individual working in Tanzania with valid documents.
- Account opening form to be filled +specimen card
- Two (2) passport size photos.
- Introducer known to Bank (account holder in our branch)
- Password original for verification
- work permit copy
- Residence permit copy
- letter from employer
- On letter head+rubber stamp
- Name of employee
- Work and residence permit numbers
- Passport number/national ID if he is a residence
- Physical Address proof
- Saving Bank Shule Account will carry interest of 5% p.a. i.e. applicable for Savings Bank deposit.
- SDR will be kept for 9 months and carry interest rate of 5% p.a. Interest will be added to SDR every nine months and renewed for further 9 months automatically.
- No charges
Minimum and Maximum Amount
| Savings | |
| Minimum amount: | TZS 20,000 |
| Maximum amount: | No limit |
