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Exclusively for our premium users

Baroda Premium Current Account

These are current accounts licensed to carry out business activities in Tanzania with minimum deposit of TZS 25 Million or USD 20,000/-.

Benefits
Features
Eligibility
Documentation
Interest Rates & Charges
Terms & Conditions

No folio charges
No TISS charges
No Charges for Internet Banking
No processing fee for car loan
Free SMS alert facility
No charges for foreign currency withdraw up to 2000/- USD
No charges withdrawal up to 25Mn for TZS account
No charges for monthly statements
No monthly charges

The minimum opening balance for this account is Tshs. 25 Mn for TZS account, USD 20,000/- for USD account.

Any company registered and licenced to carry out business activities in Tanzania.

Account opening form to be filled +specimen card.
Two (2) passport size photos of each signatory.
Passport copies for all signatories. (If expatriates then work permit and residence permit copy is required).
NIDA card copies for all the signatories.
TIN certificate copy. (For both company and signatories).
Physical Address proof. (For both company and signatories).
Tax clearance certificate.
Business licence (VALID)
Copy of latest auditors’ report and account of company.
Memorundum & articles of association
one (1) Introducer known to the bank

Interest of 2.0% p.a. for maintaining minimum balance of TZS 100 Mn above TZS 25 Mn.
Interest of 0.5% p.a. for maintaining minimum balance of USD 100,000 Mn above USD 20,000 Mn.
50% concession

Remittance charges (except for SWIFT charges)
Inward remittance
on cash withdrawal charges
on cash deposit charges

Minimum and Maximum Amount

Charges for not maintaining of minimum balance in Baroda Premium Current Account is TZS 100,000 p.m. and in Foreign currency 50 p.m. and are subject to change from time to time.

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