CBO Personal Savings

Features

  • No minimum operating balance

  • Direct payments to the account salaries, standing orders etc

  • Transfers from other accounts

  • Available at all DCB branches

  • Statements of accounts provided at regular intervals.

  • Bank’s ID (ATM) TZS. 13,000 to each signatories

Benefits

  • Access through other DCB branches

  • Convenient & easy to operate

  • Flexibility

  • Easy to open

  • You can be provided with overdraft facility

  • Provided with cheque book

  •  Withdraw any amount from your account

  • Attractive interest rate 1% p.a for

Charges

  •  Ledger fees- TZS 18,000 per month

Requirements.

  • Opening balance TZS.100, 000.

  • Two quality color passport sized photographs to each signatory

  • General Requirements for opening bank account for each of authorized signatories

  • Search to verify the authorization mandate for Trusts at the Registrar of Trustees (RITA)

  • Search to verify existence and registration from registrars e.g BASATA, National Sports Council, Registrar of Societies (Home Affairs),  NGOs /CBOs and FBOs at the Registrar of NGO (Ministry of Community Development Gender & Children)

  • Copy of constitution/Trust Deed

  • Application letter to open a bank account at the branch.

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