Savings Account | DTB TANZANIA

product term

A basic savings for individuals with no cheque book provision. The account has no ledger fees nor minimum balance. This serves as a point of entry product for the mass market i.e. first-time bank account.

Target market - individual customers - mass market.

DTB Value Savings Account is a basic saving account for persons who are interested in saving for future expenses.

Benefits

No ledger fees
Free monthly e-statements
Unlimited withdrawal at DTB ATMs
Withdrawal from any VISA ATMs worldwide
Free internal transfers
Access to mobile banking / Touch 24/7

Features

Currency - Tanzania Shillings
Opening amount - nil
Minimum balance - nil
Channels / accounts & information access - mobile banking

Charges

Debit card - Visa
New card issuance fee - free
New PIN request / reset - TZS 3,000
Card replacement - TZS 10,000
Cards uncollected and destroyed - TZS 10,000
Capture card fee - In DTB ATM’S - TZS 1,000
Annual fees - TZS 3,000
Withdrawal fees -:
- Cash withdrawal – DTB ATM per withdrawal TZS 750
- Other bank ATM withdrawal - in Tanzania TZS 3,000
- Other bank ATM withdrawal - outside Tanzania TZS 5,000
*All fees are subject to an 18% value added tax

product_id

1

product term

Super Value Savings Account

A savings product for middle income bracket. This product is designed for customers who have interest in saving for future expenses. DTB Super Value Account comes with cheque book facility and a minimum or opening balance for the account operation.

The product has a debit card and cheque book.

Target market - individuals with a saving purpose.

Benefits

No ledger fees
Free monthly e-statements
Unlimited withdrawal at DTB ATMs
Withdrawal from any VISA ATMs worldwide
Free internal transfers
Access to mobile banking

Features

Currency - Tanzania Shillings
Opening amount - TZS 100,000
Minimum balance - TZS 100,000
Channels / accounts & information access - mobile banking, internet / online banking

Charges

New card issuance fee - free
New PIN request / reset - TZS 3,000
Card replacement - TZS 10,000
Cards uncollected and destroyed - TZS 10,000
Capture card fee – in DTB ATM’S - TZS 1,000
Annual fees - TZS 3,000
Withdrawal fees -:
- Cash withdrawal - DTB ATM per withdrawal TZS 750
- Other bank ATM withdrawal – in Tanzania TZS 3,000
- Other bank ATM withdrawal – outside Tanzania TZS 5,000
TZS cheque books -:
- 25 leaf book - TZS 12,500
- 50 leaf book - TZS 25,000
- 100 leaf book - TZS 50,000
USD cheques books-:
- 25 leaf book - USD 7.5
- 50 leaf book - USD 15
- 100 leaf book - USD 30
*All fees are subject to an 18% value added tax

product_id

2

product term

Super Salary Account

A savings product for salaried employees. This product is suitable for employed persons who receive salaries on a monthly basis either in Tanzanian Shillings or United States Dollars. Super Salary Account enables corporate companies to process salaries for their employees with ease and timely.

Target Market - bulk corporate employees salary payments.

Benefits

Special rates on TT remittances for expatriate salary
No minimum balance
No ledger fees
Free monthly e-statements
Unlimited withdrawal at DTB ATMs
Withdrawal from any VISA & Mastercard accepting ATMs worldwide
Free internal transfers
Access to mobile banking & internet banking

Features

Currency - Tanzania Shillings & United States dollars (TZS & USD)
Opening amount - TZS 100,000
Minimum balance - TZS 100,000
Channels / accounts & information access - mobile banking , internet / online banking

Charges

Debit card - Visa
New card issuance fee - free
New PIN request / reset - TZS 3,000
Card replacement - TZS 10,000
Cards uncollected and destroyed - TZS 10,000
Capture card fee -in DTB ATM’S - TZS 1,000
Annual fees - TZS 3,000
Withdrawal fees -:
- Cash withdrawal - DTB ATM per withdrawal TZS 750
- Other bank ATM withdrawal -in Tanzania TZS 3,000
- Other bank ATM withdrawal -outside Tanzania TZS 5,000
Salary processing fee - TZS 100, USD 0.50
*All fees are subject to an 18% value added tax

product_id

3

product term

Prime Savings Account

A savings product for persons who earn income or are interested in saving in foreign currencies. Cash handling fees on amounts exceeding USD / EUR / GBP 10,000 is charged. Suitable for clients with a regular income in foreign currency.

Target market - individuals in sole proprietors, partnerships and corporate entities.

Benefits

Nil withdrawal fees for amounts not exceeding USD / EUR / GBP 10,000 (per day)
Discounted fee of USD 10 on non-commercial TT remittance (one per month)
Free monthly e-statements
Free internal transfers
Access to mobile banking & internet banking
Attractive rates on currency conversions

Features

Currency - United States Dollars, Euro & Great Britain Pound (USD / EUR / GBP)
Opening amount - USD / EUR / GBP 100
Minimum balance - USD / EUR / GBP 25
Monthly ledger fees - USD / EUR / GBP 1
Channels / accounts & information access - mobile banking,internet / online banking

Charges

Withdrawals up to USD / EUR / GBP 10,000 - nil
Withdrawals from USD / EUR / GBP 10,001 - nil
Cash handling denominations less than USD / EUR / GBP 50 - 5%
Interest rates - USD / EUR / GBP 0.5%
USD cheque book fees -:
- 25 leaf book - USD 7.5
- 50 leaf book - USD 15
- 100 leaf book -USD 30
*All fees are subject to an 18% value added tax
*Exchange rates are subject to change depending on market availability

product_id

4

product term

Smart Saver Account

A savings product for minors under the age of eight. The product is designed to instill the discipline of saving in children while also helping guardians / parents save towards turning their children’s dreams a reality. This product is available in Tanzanian Shillings and United States Dollars only. Customer enjoy two withdrawals annually while still keeping the interest on savings

Target Market - children under the age of eight (minors).

Benefits

Building a savings culture within children
Two withdrawals per year while still keeping the interest
Free internal transfers
Special rates on fixed deposits

Features

Currency - Tanzania Shillings & United States Dollars (TZS & USD)
Opening amount - TZS 50,000
Minimum balance - USD 250
Monthly ledger fees - nil
Channels / accounts & information access - mobile banking, internet / online banking

Charges

Ledger fees – nil
USD withdrawals -:
- Withdrawals up to USD 10,000 - nil
- Withdrawals from USD 10,001 - 5%
- Cash handling denominations less than USD 50 - 5%
Interest rates -:
- USD 0.5%
- TZS 5%
*All fees are subject to an 18% value added tax
*Exchange rates are subject to change depending on market availability

product_id

5

product term

Kisomi Zaidi Account

A savings product for students aged fifteen and above. Kisomi Zaidi is an opportunity for first-time bank account for students.

Target market - students in secondary and tertiary educational institutions aged above fifteen.

Benefits

Free debit cards
Free monthly E-statements
TZS 150 for ATM transactions within the bank.
Unlimited withdrawal at DTB ATMs
Withdrawal from any VISA & Mastercard accepting ATMs worldwide
Free internal transfers
Access to mobile banking / Touch 24/7 & internet banking
Free debit alerts on mobile banking
Free internet banking (limited to viewing rights only)

Features

Currency - Tanzania Shillings
Minimum balance - TZS 5,000
Channels / accounts & information access - mobile banking, internet / online banking

Charges

Debit card - Visa / Mastercard
New card issuance fee - free
New PIN request / reset - TZS 3,000
Card replacement - TZS.10,000
Cards uncollected and destroyed - TZS 10,000
Capture card fee - In DTB ATM’S - TZS 1,000
Annual fees - TZS 3,000
USD withdrawals -:
- Cash withdrawal - DTB ATM per withdrawal TZS 150
- Other bank ATM withdrawal - in Tanzania TZS 3,000
- Other bank ATM withdrawal - outside Tanzania TZS 5,000
- Over the counter transaction fee - TZS 500 (per transaction)
*All fees are subject to an 18% value added tax

product_id

6

product term

Amani Account

A savings product for women in the middle-income bracket. This product is designed to empower women towards a safe and independent banking lifestyle. This product could also be of interest to women who have an interest in saving for future expenses.

Amani Account as a product is set to empower women with the confidence to meet their financial responsibilities while achieving personal ambitions and goals through small scale investments.

Amani Account available in both Tanzanian Shillings and United States Dollars comes with cheque book facility.

Target market - middle-income women - either employed or self-employed.

Benefits

No minimum balance / no monthly ledger
Availability in two major currencies - Tanzanian Shillings and United States Dollars (TZS & USD)
Free ATM card Visa / Mastercard debit card
Custom made Amani Account cheque book (front page printing)
Joint accounts can be opened with a lady family member
Free monthly E-statements
Unlimited withdrawal at DTB ATMs
10% discount on safe deposit locker services
Free internal transfers
Access to mobile banking

Features

Currency - Tanzania Shillings and United States Dollars (TZS & USD)
Opening & minimum balance - TZS 100,000 & USD 100
Channels / accounts & information access - mobile banking,internet / online banking

Charges

Debit Card - Visa / Mastercard
New card issuance fee - free
New PIN request / reset - TZS 3,000
Card replacement - TZS 10,000
Cards uncollected and destroyed - TZS 10,000
Capture card fee - in DTB ATM’S - TZS 1,000
Annual fees - TZS 3,000
USD withdrawals -:
- Cash withdrawal - DTB ATM per withdrawal TZS 750
- Other bank ATM withdrawal - in Tanzania TZS 3,000
- Other bank ATM withdrawal - outside Tanzania TZS 5,000
*Cash handling and cheque fees care applicable

product_id

7

product term

Faraja Account

A unique savings product tailored for senior citizens from the age of fifty-five. The senior citizens can earn income on a monthly basis from their retirement benefits kept in Faraja Account. The product is available in major currencies of Tanzanian Shillings and United States Dollars.

Target market - senior citizens from the age of fifty-five.

Benefits

No minimum balance / no monthly ledger
Availability in two major currencies - TZS & USD
Interest paid monthly
Free Visa ATM debit card (no annual charges)
TZS 100 on ATM cash withdrawal (within DTB domain)
Free over the counter transactions
Free monthly e-statements
Free internet banking - access to view option only
Access to mobile banking
Free ATM card Visa / Mastercard debit card
10% discount on safe deposit locker services

Features

Currency - Tanzanian Shillings and United States Dollars (TZS & USD)
Minimum balance - nil
Opening balance - nil
Channels / accounts & information access - mobile banking, internet / online banking

Charges

Interest rate of TZS 5% & Usd 0.5 % p.a. - (on average monthly balance from TZS 500,000 & Usd 500,000)
Debit card - Visa / Mastercard
New card issuance fee - free
New PIN request / reset - TZS 3,000
Card replacement - TZS 10,000
Cards uncollected and destroyed - TZS 10,000
Capture card fee - in DTB ATM’S - TZS 1,000
Annual fees - TZS 3,000
USD withdrawals -:
- Cash withdrawal - DTB ATM per withdrawal TZS 750
- Other bank ATM withdrawal - in Tanzania TZS 3,000
- Other bank ATM withdrawal - outside Tanzania TZS 5,000
*Cash handling and cheque fees care applicable

product_id

8

product term

Kibubu Account

A savings product for persons intending to save for future expenses. Saving plan for annual rentals, school fees, holiday trips, loan repayments, and other planned regular expenses. The product is designed for salaried and non-salaried persons.

Recurring deposit is a systematic monthly saving to a bank account in which the account holder track with set goals on returns at the end of the chosen savings period / fixed deposits.

Target market - salaried and non-salaried persons with regular obligations.

Benefits

A minimum period of six months, a maximum of five years
Available in Tanzanian Shillings and United States Dollars
Minimum of TZS 20,000 in multiple of TZS 10,000 per month
Minimum of USD 500 and in multiples of USD 100 per month
Attractive interest rates, matching that of fixed deposits
Extra benefits to senior citizens who receive higher interest rates
Joint accounts allowed
Corporates / sole proprietors / partnerships can also open the account
Loan available against the deposit

Features

Currency - Tanzanian Shillings and United States Dollars (TZS & USD)
Minimum balance - USD 500
Opening balance - TZS 20,000
Monthly ledger fees - nil
Channels / accounts & information access - mobile banking, internet / online banking

Charges

Ledger fees - nil
Net interest shall be charged 10% withholding tax
Interest rates TZS 10% - 11% & USD 0.5%

Maturity matrix

Saving tenure	Monthly deposit (TZS)	Total deposit (TZS)	Interest rate	Net interest	Total maturity
12	100,000.00	1,200,000.00	10%	58,500.00	1,258,500.00
36	100,000.00	3,600,000.00	10%	499,500.00	4,099,500.00
60	100,000.00	6,000,000.00	11%	1,377,000.00	7,377,000.00

product_id

9

We offer a range of personal and business accounts that offer quick access to funds and are also designed for clients who would like to save for the future.

Value Savings Account

Benefits

Features

Charges

Super Value Account

Benefits

Features

Charges

Super Salary Account

Benefits

Features

Charges

Prime Savings Account

Benefits

Features

Charges

Smart Saver Account

Benefits

Features

Charges

Kisomi Zaidi Account

Benefits

Features

Charges

Amani Account

Benefits

Features

Charges

Faraja Account

Benefits

Features

Charges

Kibubu Account

Benefits

Features

Charges

Maturity matrix

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