New revised charges with effective from 01st September2022
DESCRIPTION Existing Charges 
Remittances (Outward)TSHSUSD/GBP/EUR 
TISS (Only for Account. Holders) 10,000.00 10 
Outward Remittances (Rapid Funds to India)BOB to BOBBOB to Other Bank 
    
Up to USD 2000-- 
USD 2001 to 5000-- 
Up to USD 50001218 
USD 5001 to 100002430 
Above USD 100000.24% maximum USD 180@ 0.30% maximum USD 200 
  IN TZSIN USD
Remittances (Outward) TTINDIVIDUAL N.A.Up to USD or equivalent up to
   USD2000 -USD 13.20 + USD 35 Swift Charges
   USD5000 -USD 20.00 + USD 35 Swift Charges
   USD10000 -USD 33.00 + USD 35 Swift Charges
   Above USD 10000-USD 65 Flat + USD 35 Swift Charges
 CORPORATE N.A.Upto USD or equivalent
   10000-USD 20.00 + USD 35 Swift Charges
   50000-USD 33.00 + USD 35 Swift Charges
   >50000-65 USD + USD 35 Swift Charges
Remittances (Inward) TT for Account Holders only   
 From TanzaniaNo ChargesNo Charges
 Outside Tanzania  
 Current Account. / OverdraftN.A.0.30% Min 12 and Max. USD 70
 Saving Bank Account.N.A.Flat USD 18
FBC-CCurrent Account. /OverdraftN.A0.30 % min 12 and Max. USD 70 + Postage USD 90
 Saving Bank Account.N.AFlat USD 18 + Postage USD 90
FBP-CCurrent Account. /OverdraftN.A0.30 % Min 12 and Max USD 70 + Postage USD 90
 Saving Bank Account.N.AFlat USD 18 + Postage USD 90
    
Issue of Bankers Cheque Bankers payment 3000024
Cancellation of Bankers Cheques 2000015
Stop payment of ChequeCurrent/OD Account2200018
 Saving Account3660029
Cheque Return Charges (Inward/Outward)   
Financial Reason 2440018
Non-Financial 2440018
Special clearance (DSM only)   
With in City Centre 7200042
Outside City Centre 9000060
Balance confirmation LetterCurrent/OD Account2200022
 Saving Account1470015
Reference/Identity Letter   
Current/OD Account 2500025
Saving Bank 1200012
Cost of cheque per leafCurrent/ OD Account8300.55
 Saving Bank  
Inward Cheque Processing   
Current / Overdraft Account 6000 per folio Min 6000 p.m.USD 4 per folio Min USD 4p.m.
Ledger Charges for Savings Bank a/c 9000 H /Yearly9.00 H/Yearly.
Charges for not maintaining minimum balance in Current account 3700 p.m.3.00 p.m.
Charges for not maintaining minimum balance in Savings Bank account. 1600 p.m.2 p.m.
Account. maintenance charges for Saving and Current account.Current Account3700 Per Month4.00 Per Month
 Saving Account1900 Per Month2.00 Per Month
Account Statement Once in a month no Charge (Regular) 
Interim Account StatementSaving Account80008
 Current Account80008
Account Closure within 12 MonthsSaving Account2200022
 Current Account5120051
Account Closing Saving beyond 12 Months 00
Account Closing Current beyond 12 Months 00
Dormant Account Activation ChargesSaving Bank61001
 Current Account122001
Upcountry Collection of cheques 0.6% of value (Min Commission 18000 + Postage Tzs 900000.6% of value (Min Commission USD 18 + Postage USD 90)
    
Cash Deposit ChargesCurrent Account.Nil upto 50 Mn,Nil upto USD 1000,
  0.15% for above 50 Mn0.61 % above USD 1000
 Saving Account.Nil Up to 25 Mn, 0. 22% above Usd 5000 per day
  73200 for above 25 Mn and up to 50 Mn, 
  146300 for above 50 Mn up to 100 Mn, 219400 for above 100 Mn 
Cash withdrawal ChargesCurrent Account.Upto 25.00 Mn no charges, above 25.00 Mn 0.15 % of withdrawal amount0.37% for amount USD 5000 to USD 1 Mn
   0.61 % for amount above USD 1Mn
 Saving Account.Up to 50.00 Mn no charges, above 50.00 Mn @ 0.15% of withdrawal amountUp to USD 2000 no charges, Above USD 2000 up to USD5000 @ 0.37% and above 5000 @ 0.73%.
ADVANCES   
ADVANCES PROCESSING CHARGES   
TZSFCYTZSFCY
up to 5 MnUPTO USD 10,00024,40024
5-10 MnUSD 10,000 to USD 200,00024,4000.0323
10-25 MnAbove USD 200,00024,4001.82%, Minimum 5,300
25-200 Mn 1.82%, Minimum 5,300,000 
200-500 Mn 1.82%, Minimum 5,300,000 
Above 500 Mn 1.82%, Minimum 5,300,000 
Loan/Overdraft against deposit of our Bank (Ist / IIIrd Party) - Waiver of Processing and documentation charges.   
DOCUMENTATION CHGS   
UPTO 10 MnUPTO USD 10,00036,60022
10 Mn to 100 MnUSD 10,000 to USD 200,0000.37% (Minimum 0.60 Mn)0.37% Min 150
Above 200 MnAbove USD 200,0000.22% (Minimum 1.18 Mn)0.22 % Min 600
Reshedulement Charges 1.20% Max 1.00 Mn1.20% Max USD 600.00
Inspection ChargesUpto Tzs 200 Mn or USD 0.20 Mn36,600USD 43
 Above Tzs 200 Mn or USD 0.20 Mn79,300USD 79
 In addition to above inspection charges out of pocket expenses are also to be charged.  
Balance/Interest Certificate 18,00018
Prepayment Charges (Principle Outstanding for residual Period)Up to 200 Mn or USD 200,0002.92 % p.a.2.92 % p.a.
 Above Tzs 200 Mn or USD 200,0002.92 % p.a.2.92 % p.a.
Bankers' opinion /Confidential Report 30,00030
Registration of Loan Agreement with Bank of Tanzania N.A.UPTO 1 Mn USD-120 USD 1 Mn to 2 Mn- 300 USD
   Above 2 Mn -600 USD
Commitment Charges 1.32 of undrawn portion in case 50% average limit not utilized per quarter.0.66 of undrawn portion in case 50% average limit not utilized per quarter.
Modification Charges 0.12% Sanctioned Limit. Minimum 120,0000.12% sanctioned limit Minimum USD 60.
Interchangeability Upto 100 Mn -60,000 p.a.Up to USD 500,000 USD 60 p.a.
  Above 100 Mn 120,000 p.a.Above USD 500,000 USD 120 p.a.
BANK GUARANTEE   
Financial/Performance per Quarter-Part of quarter treated as full quarter.Financial1.35% Minimum per quarter or part thereof Min Tzs 18,0001.35% minimum per quarter or part thereof Min USD 15
 Performance 1.35% Minimum per quarter or part thereof Min Tzs 18,0001.35% minimum per quarter or part thereof Min USD 15
Unsecured bid-bond Guarantee Upto 50Mn 2.00% Minimum per quarter or part thereof Min Tzs 50,000 
Extension of BG Above commission for change in period /amt. 1.35% of BG amt for residual period of guarantee subject to min 18,000 in case of any other parameter amended.Above commission for change in period/amt. 1.35% of BG amt for residual period of guarantee subject to min USD 15 in case of any other parameter amended.
BG against 100% Cash Margin 50% of above charges50% of above charges
Bank Guarantee Swift charges USD 42 or equivalent applicable in addition to above charges. 
Bank Guarantee Confirmation 75% applicable charges + USD 42 Swift Charges 
Documentary Credit IN FCY ONLY 
Issuance of L/Credit 1.65% per quarter or part thereof. This period includes the usance period in case of Usance LC's+ USD 42 or equivalent swift charges. 
LC against 100% Cash Margin 40% of above charges 
LC Amendment For period and amount the above commission + USD 42 or equivalent swift charges. 
  0.42% of LC amt Min 60 USD and Maximum USD 360 or equivalent commission per amendment + USD 42 or equivalent swift charges (Applicable for 100% cash margin also) 
Import LC Opening Swift Charges  51
Import LC Amendment Swift Charges  51
Import LC Extension  1.65% Minimum $150
Import LC Cancellation  1.65% Minimum $150
Export LC advising USD160 
Export LC extension  1.65 % minimum 150
Export LC Negotiating Bills  0.79% Minimum 120 plus 51 swift charges plus 79 courier charges
Export LC Collection of Export LC  0.79% Minimum 120 plus 51 swift charges plus 79 courier charges
LC Confirmation 1.00% per quarter or part there of This period includes the Usance period in case of Usance LC's + USD 42 or equivalent swift charges. 
IMPORTS/EXPORTS Bill   
Inward Bill (Under-LC) 0.35% + Swift Charges 42 subject to Minimum charges USD 120 
  USD 65 in addition to above charges per Discrepancy. 
Inward Bill (Non-LC) 0.65% + USD 20.00 Handling Charges + 35 Swift Charges. 
  USD 65 in addition to above charges per Discrepancy. 
Exports Bill (Under-LC) 0.35%+ 42 Swift Charges+ USD 65courier Charges -Minimum USD 120. 
  USD 60 in addition to above charges per Discrepancy. 
Exports Bill (NON-LC) 0.65% + 42 Swift Charges + USD 65 courier Charges subject to Minimum USD 120. 
  USD 65 in addition to above charges per Discrepancy 
Security charges (T Bill and T Bonds)   
 BiddingTZS.35000 
 TransferTZS.65000 
 Lien CreationTZS.65000 
 Lien ReleaseTZS.65000 
SALARY PROCESSING TZS 1200USD 1.20
Change of Operational InstructionC. AccountTZS 30000USD 30.00
 SB AccountTZS 12000USD 12.00
S.I. Failure CHGSCA AccountTZS 6000 per SIUSD 2.40 per SI
 SB AccountTZS 1800 per SIUSD 1.20 per SI
MINIMUM BALANCE TO BE MAINTAINED IN   
SAVING BANK ACCOUNT CURRENT ACCOUNT 
TZSUSD or other FCYTZSUSD or other FCY
20,000 (Min Balance Blocked)502,00,000200
   BARODA PREMIUM CURRENT ACCOUNT 
   25 Mn 20000
    
Mobile Banking ChargesTRANSFER AMOUNT BOB2BOB BOB 2 Wallet
  (TZS) (TZS)
 0 to 999 101500
 1,000 to 1,999 101500
 2,000 to 2,999 101500
 3,000 to 3,999 141500
 4,000 to 4,999 271500
 5,000 to 6,999 541500
 7,000 to 9,999 561500
 10,000 to 14,999 1021500
 15,000 to 19,999 1951500
 20,000 to 29,999 3061500
 30,000 to 39,999 3511500
 40,000 to 49,9994191500
 50,000 to 99,999 5731500
 100,000 to 199,999 7071800
 200,000 to 299,999 8211800
 300,000 to 399,999 8382000
 400,000 to 499,999 9822500
 500,000 to 599,999 12453000
 600,000 to 699,999 15323500
 700,000 to 799,999 17003500
 800,000 to 899,999 17504000
 900,000 to 1,000,000 17764000
 1,000,001 to 3,000,000 18754000
 3,000,001 to 5,000,00020004000

**All charges are inclusive of applicable Taxes


The following are the Levy imposed by the Government of Tanzania.

CHARGEABLE RATE FOR ELECTRONIC MONEY TRANSACTIONS LEVY

No. Electronic Money Transactions amount in TZS Rate in TZS
1 100 to 2,999 10
2 3,000 to 3,999 14
3 4,000 to 4,999 27
4 5,000 to 6,999 54
5 7,000 to 9,999 56
6 10,000 to 14,999 102
7 15,000 to 19,999 195
8 20,000 to 29,999 306
9 30,000 to 39,999 351
10 40,000 to 49,999 419
11 50,000 to 99,999 573
12 100,000 to 199,999 707
13 200,000 to 299,999 821
14 300,000 to 399,999 838
15 400,000 to 499,999 982
16 500,000 to 599,999 1245
17 600,000 to 699,999 1532
18 700,000 to 799,999 1700
19 800,000 to 899,999 1750
20 900,000 to 1,000,000 1776
21 1,000,001 to 3,000,000 1875
22 3,000,001 and above 2000

**As per directives received from the Regulations of the National Payment Systems Act of Tanzania, Bank of Baroda will deduct government Levy on Withdrawals of money done through ATMs, Mobile banking, Over the counter and transfers such as normal transfer, TISS and TT. These charges will be effective from 1st of September 2022 and will be additional to the existing bank charges.

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