Group Savings Account
- Currently available in TZS only
- Minimum opening balance is Tshs 15,000/=
- Opened by minimum 3 members and no maximum number of members
- Low monthly maintenance fee.
- Benefits are paid annually for accounts with balances
- Affordable account opening amount
- Easy to open and operate.
- Attractive interest rate.
- Free cash transfers within the Bank.
- Group ID Card.
- Account Mini statement.
- Low maintenance fee.
- Group meeting reports indicating agreement to open a group
- At least 3 signatories who are required
- Signatories’ passport size photos
- Signatories’ acceptable IDs (National ID, Passport, Voter’s
- Registration, Driver’s License)
- Association or group registration information if any