Money saved, is like money earned
Open a Savings Account with us!
Savings Account Ordinary/Others
The Baroda Bank Savings Account Ordinary/Others focuses on cultivating saving culture among the clientele. It offers flexible saving culture with flexible term, and competitive adjustment interest rate over a long period of time. savings Bank Account Ordinary/Others is a good start for financial responsibility.
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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
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Terms & Conditions
- No charges for ATM Cards
- No charges for Internet Banking
- Free SMS alert Facility
- Mobile Banking Facility Available
- 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
- Interest Rate as Rate of Interest on Minimum balance 10th to last day of the month @ 2.00% on Tshs and 0.25% for USD deposits.
Minimum and Maximum Amount
| Savings | |
| Minimum amount: | TZS 20,000 |
| Maximum amount: | No limit |
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Who can open an Ordinary Savings Account—individuals, students, or minors?
Savings Bank Account may be opened by any person individually or with other individual jointly. When it is opened jointly, the operational instruction in the account may be "Either or Survivor" or "Joint Operation" or "Former or Survivor".
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What is a Savings Account Ordinary at Bank of Baroda Tanzania?
account for keeping and deposting regular savings
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What is the minimum opening and monthly balance required for the Savings Account Ordinary?
20000 TZS and 50 USD/GBP/EUR
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Does the Savings Account Ordinary offer interest? What is the current rate?
Yes , Rate of Interest on Minimum balance 10th to last day of the month @ 2.00% on Tshs and 0.25% for USD deposits
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What documentation is needed to open the Savings Account Ordinary?
- National ID Card (NIDA)
- Voter’s Registration Card
- Driver’s License
- Passport
- Introductory letter from employer
- TIN Number
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Are there any restrictions on deposits or withdrawals Savings Account Ordinary?
NO,
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Does the Savings Account Ordinary include free mobile and internet banking access?
YES
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How many transactions are allowed per month before charges apply to the savings Account Ordinary?
No limit, beyond threshhold charges are disclosed
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What happens if the minimum balance is not maintained in the Savings Account Ordinary?
mimimum balance charge to be recovered as disclsoed
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How does this Savings Account Ordinary differ from the No Frills or Shule savings accounts?
No frill can not be opened by all , while savings-account-ordinary can be opened by all, baroda shule can be opened by students in the age group of 3 to 18 jointly by the parents.
