Features

• Designed for children within the age group 0-18 years

• Access limited to Parents and Guardians only

• Interest earned once a year

• Statements – monthly, quarterly or half yearly

• Opening balance Tshs 5,000

• Low minimum operating balance of Tsh 20,000

• Cash withdrawal is limited once after every three months or four times per annum.

• A penalty of TZS.10,000 for extra withdrawal more than once per quarter or more than four times per annum.

• The customer will draw money from the account once per quarter not more than 50 percent of total savings maintained in the account.

Benefits

• Affordable

• Security

• Savings plan for children needs

• Returns on savings, earn an attractive interest rate 4% p.a.

• Convenience

• Earn Bonus interest of 0.5% for maintaining account balance of TZS. 5 Millions for the whole year without withdrawal.

• The account can be changed into a personal savings account when the children are over 18 years old.

Charges

• None (No withdrawal charges and Maintenance fee)

Requirements

• Original and copy of personal Identification for none DCB customer

• For DCB customers Parent/Guardian no need of submitting an introduction letter from the local leader or Employer.

• Birth Certificate/ Notification of birth of child/affidavit

• Two quality colour Passport sized photographs of Parent/Guardian

• Two quality colour passport sized photographs of Child