New revised Bank’s charges with effective from 01st December 2023 (Exclusive of Taxes)

DESCRIPTION

 

Existing Charges

Revised Charges

Remittances (Outward)

TSHS

USD/GBP/EUR

 

TSHS

USD/GBP/EUR

TISS (Only for Account. Holders)

14400

14

 

10,000

10

Outward Remittances (Rapid Funds to India)

BOB to BOB

BOB to Other Bank

 

BOB to BOB

BOB to Other Bank

 

 

 

 

   

Up to USD 2000

-

-

 

5

15

USD 2001 to 5000

-

-

 

10

20

Up to USD 5000

12

18

 

-

-

USD 5001 to 10000

24

30

 

18

30

Above USD 10000

0.24% maximum USD 180

@ 0.30% maximum USD 200

 

0.25% maximum USD 180

@ 0.30% maximum USD 200

 

 

IN TZS

IN USD

IN TZS

IN USD

Remittances (Outward) TT

INDIVIDUAL

 N.A.

Up to USD or equivalent up to

N.A.

Up to USD or equivalent up to

 

 

 

USD2000 -USD 13.20 + USD 35 Swift Charges

 

USD2000 -USD 13.20 + USD 35 Swift Charges

 

 

 

USD5000 -USD 20.00 + USD 35 Swift Charges

 

USD5000 -USD 20.00 + USD 35 Swift Charges

 

 

 

USD10000 -USD 33.00 + USD 35 Swift Charges

 

USD10000 -USD 33.00 + USD 35 Swift Charges

 

 

 

Above USD 10000-USD 65 Flat + USD 35 Swift Charges

 

Above USD 10000-USD 65 Flat + USD 35 Swift Charges

 

CORPORATE

 N.A.

Up to USD or equivalent

N.A.

Up to USD or equivalent

 

 

 

10000-USD 20.00 + USD 35 Swift Charges

 

10000-USD 20.00 + USD 35 Swift Charges

 

 

 

50000-USD 33.00 + USD 35 Swift Charges

 

50000-USD 33.00 + USD 35 Swift Charges

 

 

 

>50000-65 USD + USD 35 Swift Charges

 

>50000-65 USD + USD 35 Swift Charges

Remittances (Inward) TT for Account Holders only

 

 

 

   

 

From Tanzania

No Charges

No Charges

FREE

FREE

 

Outside Tanzania

 

 

   

 

Current Account. / Overdraft

N.A.

0.30% Min 12 and Max. USD 70

N.A.

0.30% Min 12 and Max. USD 70

 

Saving Bank Account.

N.A.

Flat USD 18

N.A.

USD 20

FBC-C

Current Account. /Overdraft

N.A

0.30 % min 12 and Max. USD 70 + Postage USD 90

N.A

0.30 % min 12 and Max. USD 70 + Postage USD 90

 

Saving Bank Account.

N.A

Flat USD 18 + Postage USD 90

N.A

Flat USD 18 + Postage USD 90

FBP-C

Current Account. /Overdraft

N.A

0.30 % Min 12 and Max USD 70 + Postage USD 90

N.A

0.30 % Min 12 and Max USD 70 + Postage USD 90

 

Saving Bank Account.

N.A

Flat USD 18 + Postage USD 90

N.A

Flat USD 18 + Postage USD 90

 

 

 

 

   

Issue of Bankers Cheque Bankers payment

 

30000

24

50,000

30

Cancellation of Bankers Cheques

 

20000

15

50,000

30

Stop payment of Cheque

Current/OD Account

22000

18

50,000

30

 

Saving Account

36600

29

50,000

30

Cheque Return Charges (Inward/Outward)

 

 

 

   

Financial Reason

 

24400

18

50,000

30

Non-Financial

 

24400

18

50,000

30

Special clearance (DSM only)

 

 

 

   

With in City Centre

 

72000

42

72000

42

Outside City Centre

 

90000

60

90000

60

Balance confirmation Letter

Current/OD Account

22000

22

22000

22

 

Saving Account

14700

15

14700

15

Reference/Identity Letter

 

 

 

   

Current/OD Account

 

25000

25

25000

25

Saving Bank

 

12000

12

12000

12

Cost of cheque per leaf

Current/ OD Account

830

0.55

830

0.55

 

Saving Bank

 

 

830

0.55

Inward Cheque Processing

 

 

 

180

2

Ledger Folio Charges

(For purpose of Current Account/overdraft 30 entries will constitute one ledger folio.)

 

Current / Overdraft Account

 

6000 per folio Min 6000 p.m.

USD 4 per folio Min USD 4p.m.

10,000 per folio Min 10,000 p.m.

USD 7 per folio Min USD 7 p.m.

Ledger Charges for Savings Bank a/c

 

9000 H /Yearly

9.00 H/Yearly.

9,000 H /Yearly

USD 7 H /Yearly

Minimum Balance Charges

Charges for not maintaining minimum balance in Current account

 

3700 p.m.

3.00 p.m.

3700 p.m.

3.00 p.m.

Charges for not maintaining minimum balance in Savings Bank account.

 

1600 p.m.

2 p.m.

1600 p.m.

2 p.m.

Account. maintenance charges for Saving and Current account.

Current Account

3700 Per Month

4.00 Per Month

3700 Per Month

4.00 Per Month

 

Saving Account

1900 Per Month

2.00 Per Month

1900 Per Month

2.00 Per Month

Account Statement

 

Once in a month no Charge (Regular)

 

Once in a month

 

Interim Account Statement

Saving Account

8000

8

10,000

10

 

Current Account

8000

8

10,000

10

Account Closure within 12 Months

Saving Account

22000

22

25000

25

 

Current Account

51200

51

55000

60

Account Closing Saving beyond 12 Months

 

0

0

22000

20

Account Closing Current beyond 12 Months

 

0

0

50000

50

Dormant Account Activation Charges

Saving Bank

6100

1

5,000

5

 

Current Account

12200

1

10,000

10

Upcountry Collection of cheques

 

0.6% of value (Min Commission 18000 + Postage Tzs 90000

 

0.6% of value (Min Commission USD 18 + Postage USD 90)

0.6% of value (Min Commission 18000 + Postage Tzs 90000

 

0.6% of value (Min Commission USD 18 + Postage USD 90)

Cash Deposit Charges

Current Account.

Nil upto 50 Mn,

0.15% for above 50 Mn

Nil upto USD 1000,

0.61 % above USD 1000

Nil upto 50 Mn,

0.15% for above 50 Mn

Nil upto USD 1000,

0.61 % above USD 1000

 

Saving Account.

Nil Up to 25 Mn,

73200 for above 25 Mn and up to 50 Mn,

146300 for above 50 Mn up to 100 Mn, 219400 for above 100 Mn

0. 22% above Usd 5000 per day

Nil Up to 25 Mn,

73200 for above 25 Mn and up to 50 Mn,

146300 for above 50 Mn up to 100 Mn, 219400 for above 100 Mn

0. 22% above Usd 5000 per day

Cash withdrawal Charges

Current Account.

Upto 25.00 Mn no charges, above 25.00 Mn 0.15 % of withdrawal amount

0.37% for amount USD 5000 to USD 1 Mn

Upto 25.00 Mn no charges, above 25.00 Mn 0.15 % of withdrawal amount

0.37% for amount USD 5000 to USD 1 Mn

 

 

 

0.61 % for amount above USD 1Mn

 

0.61 % for amount above USD 1Mn

 

Saving Account.

Up to 50.00 Mn no charges, above 50.00 Mn @ 0.15% of withdrawal amount

Up to USD 2000 no charges, Above USD 2000 up to USD5000 @ 0.37% and above 5000 @ 0.73%.

Up to 50.00 Mn no charges, above 50.00 Mn @ 0.15% of withdrawal amount

Up to USD 2000 no charges, Above USD 2000 up to USD5000 @ 0.37% and above 5000 @ 0.73%.

ADVANCES

 

 

 

   

ADVANCES PROCESSING CHARGES

 

 

 

   

TZS

FCY

TZS

FCY

TZS

FCY

up to 5 Mn

UPTO USD 10,000

24,400

24

24,400

24

5-10 Mn

USD 10,000 to USD 200,000

24,400

0.0323

24,400

0.0323

10-25 Mn

Above USD 200,000

24,400

1.82%, Minimum 5,300

24,400

1.82%, Minimum 5,300

25-200 Mn

 

1.82%, Minimum 5,300,000

 

1.82%, Minimum 5,300,000

 

200-500 Mn

 

1.82%, Minimum 5,300,000

 

1.82%, Minimum 5,300,000

 

Above 500 Mn

 

1.82%, Minimum 5,300,000

 

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 Mn

UPTO USD 10,000

36,600

22

36,600

22

10 Mn to 100 Mn

USD 10,000 to USD 200,000

0.37% (Minimum 0.60 Mn)

0.37% Min 150

0.37% (Minimum 0.60 Mn)

0.37% Min 150

Above 200 Mn

Above USD 200,000

0.22% (Minimum 1.18 Mn)

0.22 % Min 600

0.22% (Minimum 1.18 Mn)

0.22 % Min 600

Reshedulement Charges

 

1.20% Max 1.00 Mn

1.20% Max USD 600.00

1.20% Max 1.00 Mn

1.20% Max USD 600.00

Inspection Charges

Upto Tzs 200 Mn or USD 0.20 Mn

36,600

USD 43

40,000

45

 

Above Tzs 200 Mn or USD 0.20 Mn

79,300

USD 79

80,000

80

 

In addition to above inspection charges out of pocket expenses are also to be charged.

 

 

   

Balance/Interest Certificate

 

18,000

18

20,000

20

Prepayment Charges (Principle Outstanding for residual Period)

Up to 200 Mn or USD 200,000

2.92 % p.a.

2.92 % p.a.

2.92 % p.a.

2.92 % p.a.

 

Above Tzs 200 Mn or USD 200,000

2.92 % p.a.

2.92 % p.a.

2.92 % p.a.

2.92 % p.a.

Bankers’ opinion /Confidential Report

 

30,000

30

30,000

30

Registration of Loan Agreement with Bank of Tanzania

 

N.A.

UPTO 1 Mn USD-120 USD 1 Mn to 2 Mn- 300 USD

N.A.

USD 500 FLAT

 

 

 

Above 2 Mn -600 USD

 

USD 600 FLAT

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.

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 120,000

0.12% sanctioned limit Minimum USD 60.

0.12% Sanctioned Limit. Minimum 120,000

0.12% sanctioned limit Minimum USD 60.

Interchangeability

 

Upto 100 Mn -60,000 p.a.

Up to USD 500,000 USD 60 p.a.

Up to 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.

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.

Financial

1.35% Minimum per quarter or part thereof Min Tzs 18,000

1.35% minimum per quarter or part thereof Min USD 15

1.35% Minimum per quarter or part thereof Min Tzs 18,000

1.35% minimum per quarter or part thereof Min USD 15

 

Performance

 1.35% Minimum per quarter or part thereof Min Tzs 18,000

1.35% minimum per quarter or part thereof Min USD 15

1.35% Minimum per quarter or part thereof Min Tzs 18,000

1.35% 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

 

2.00% Minimum per quarter or part thereof Min Tzs 50,000

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.

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 charges

50% of above charges

50% of above charges

50% of above charges

Bank Guarantee

 

Swift charges USD 42 or equivalent applicable in addition to above charges.

 

Swift charges USD 42 or equivalent applicable in addition to above charges.

 

Bank Guarantee Confirmation

 

75% applicable charges + USD 42 Swift Charges

 

75% applicable charges + USD 42 Swift Charges

 

Documentary Credit

 

IN FCY ONLY

 

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.

 

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

 

40% of above charges

 

LC Amendment

 

For period and amount the above commission + USD 42 or equivalent swift charges.

 

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)

 

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

 

51

Import LC Amendment Swift Charges

 

 

51

 

51

Import LC Extension

 

 

1.65% Minimum $150

 

1.65% Minimum $150

Import LC Cancellation

 

 

1.65% Minimum $150

 

1.65% Minimum $150

Export LC advising

 

USD160

 

 

USD200

Export LC extension

 

 

1.65 % minimum 150

 

1.65 % minimum 150

Export LC Negotiating Bills

 

 

0.79% Minimum 120 plus 51 swift charges plus 79 courier charges

 

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

 

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.

 

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

 

0.35% + Swift Charges 42 subject to Minimum charges USD 120

 

 

 

USD 65 in addition to above charges per Discrepancy.

 

USD 65 in addition to above charges per Discrepancy.

 

Inward Bill (Non-LC)

 

0.65% + USD 20.00 Handling Charges + 35 Swift Charges.

 

0.65% + USD 20.00 Handling Charges + 35 Swift Charges.

 

 

 

USD 65 in addition to above charges per Discrepancy.

 

USD 65 in addition to above charges per Discrepancy.

 

Exports Bill (Under-LC)

 

0.35%+ 42 Swift Charges+ USD 65courier Charges –Minimum USD 120.

 

0.35%+ 42 Swift Charges+ USD 65courier Charges –Minimum USD 120.

 

 

 

USD 60 in addition to above charges per Discrepancy.

 

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.

 

0.65% + 42 Swift Charges + USD 65 courier Charges subject to Minimum USD 120.

 

 

 

USD 65 in addition to above charges per Discrepancy

 

USD 65 in addition to above charges per Discrepancy

 

Security charges (T Bill and T Bonds)

 

 

 

   

 

Bidding

TZS.35000

 

TZS.35000

 

 

Transfer

TZS.65000

 

TZS.65000

 

 

Lien Creation

TZS.65000

 

TZS.65000

 

 

Lien Release

TZS.65000

 

TZS.65000

 

SALARY PROCESSING

 

TZS 1200

USD 1.20

TZS 1200

USD 1.20

Change of Operational Instruction

 

C. Account

TZS 30000

USD 30.00

TZS 30000

USD 30.00

SB Account

TZS 12000

USD 12.00

TZS 12000

USD 12.00

S.I. Failure CHGS

CA Account

TZS 6000 per SI

USD 2.40 per SI

TZS 6000 per SI

USD 2.40 per SI

 

SB Account

TZS 1800 per SI

USD 1.20 per SI

TZS 1800 per SI

USD 1.20 per SI

MINIMUM BALANCE TO BE MAINTAINED IN

 

 

 

   

SAVING BANK ACCOUNT

CURRENT ACCOUNT

 

TZS

USD or other FCY

TZS

USD or other FCY

No change, same as existing

No change, same as existing

20,000 (Min Balance Blocked)

50

200,000

200

200,000

200

 

 

 BARODA PREMIUM CURRENT ACCOUNT

   

 

 

 25 Mn

 20000

 25 Mn

 20000

 

 

 

 

 

 

Mobile Banking Charges

TRANSFER AMOUNT

 BOB2 Wallet

 BOB2OB

BOB2Wallet

BOB2OB

 

 

(TZS)

(TZS)

(TZS)

(TZS)

 

0 to 999

1500

10

25

25

 

1,000 to 1,999

1500

10

25

25

 

2,000 to 2,999

1500

10

25

25

 

3,000 to 3,999

1500

14

30

30

 

4,000 to 4,999

1500

27

500

500

 

5,000 to 6,999

1500

54

700

700

 

7,000 to 9,999

1500

56

800

800

 

10,000 to 14,999

1500

102

900

900

 

15,000 to 19,999

1500

195

1000

1000

 

20,000 to 29,999

1500

306

1200

1200

 

30,000 to 39,999

1500

351

1500

1500

 

40,000 to 49,999

1500

419

1800

1800

 

50,000 to 99,999

1500

573

2000

2000

 

100,000 to 199,999

1800

707

2500

2500

 

200,000 to 299,999

1800

821

2800

2800

 

300,000 to 399,999

2000

838

3000

3000

 

400,000 to 499,999

2500

982

3500

3500

 

500,000 to 599,999

3000

1245

4000

4000

 

600,000 to 699,999

3500

1532

4500

4500

 

700,000 to 799,999

3500

1700

5000

5000

 

800,000 to 899,999

4000

1750

5500

5500

 

900,000 to 1,000,000

4000

1776

6000

6000

 

1,000,001 to 3,000,000

4000

1875

7000

7000

 

3,000,001 to 5,000,000

4000

2000

10000

10000


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.

X
We use cookies (and similar tools) to enhance your experience on our website. To learn more on our cookie policy, please click here. By continuing to browse this website, you consent to our use of cookies. Manage Cookie
X

Are you Bank of Baroda Customer?

This is to inform you that by clicking on continue, you will be leaving our website and entering the website/Microsite operated by Insurance tie up partner. This link is provided on our Bank’s website for customer convenience and Bank of Baroda does not own or control of this website, and is not responsible for its contents. The Website/Microsite is fully owned & Maintained by Insurance tie up partner.


The use of any of the Insurance’s tie up partners website is subject to the terms of use and other terms and guidelines, if any, contained within tie up partners website.


Proceed to the website


Thank you for visiting www.bankofbaroda.in

Manage Cookie