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Weka Hata Kiasi Kidogo Kinachopatikana Deposit Scheme
The scheme was launched first time in Dar es salaam, with the objective to plan for long term expenses for education, House, marriage, social obligation etc. arising in future through regular monthly savings. It is introduced to cultivate saving habit.
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Benefits
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Eligibility
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Documentation
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Interest Rates & Charges
- Manage cash budget for long term fund requirement.
- High rate of return compared to other deposits schemes.
- Liberty to deposit monthly available surplus ten times the initial deposit amount.
- Money back facility after one year.
- Loan facility up to 95% of deposit.
- Rate of interest is equivalent to FDR rates for the relevant periods
- 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
- Rate of interest is equivalent to FDR rates for the relevant periods
