Current Accounts can be opened by individuals, business community , corporate bodies or the like where the account holder has often to receive money and to make a number of payments.

These are very active accounts. No interest is paid on balances in these accounts and there are no restrictions as to the number of deposits into and withdrawals from the account per day.A cheque-book is an integral part of the current account .Our current account is available in both TZS, USD.

Features and benefits

An overdraft which gives you access to additional funds, up to an agreed limit. The limit can be negotiated at any time with your branch, subject to norms.
Facilities to make payments such as standing orders
Access to a wide range of other products including investment and savings opportunities

Savings Bank accounts can be opened by individuals and the like where the account holder deposits money for the purpose of savings. There is no restriction on the number and amount of deposits to be made on any one day. Balances in these account earn interest and the amounts from the account can be withdrawn when needed. These accounts can be opened with or without cheque book facility.

Our savings bank account is available in both TZS, USD. Cheque books are issued for TZS and USD accounts on specific request.

Features

A minimum opening balance of TZS 50,000 and USD 50 for accounts without cheque book facility and TZS 200000 AND USD 200 for accounts with cheque book facility.

The minimum age for applicant is 18 Years

Bank of India's Fixed Deposit account gives you the opportunity to invest a fixed amount over a fixed period of time. Customers enjoy the convenience of deciding a fixed period of time at a favourable, already-known interest rate.Bank of India's Fixed Deposit account gives you the opportunity to invest a fixed amount over a fixed period of time. Customers enjoy the convenience of deciding a fixed period of time at a favourable, already-known interest rate.

Bank of India's fixed deposits account offers you :

  • Competitive interest rates
  • Fixed investment period
  • Ability to renew the contract upon maturity
  • Ability to open it in TZS and USD.
  • Security of funds.
  • Credit facility with your fixed deposit as security/collateral.

Bank of India also offers Reccuring Deposit Scheme in TZS and USD
Minimum Deposit per moth USD 50 TZS 25000 Maxmum Deposit per moth USD 5000 TZS 10000000

Requirements for Account Opening

BANK OF INDIA (T) LIMITED
 DAR ES SALAAM MAIN BRANCH

DOCUMENTS TO BE SUBMITTED WHEN OPENING ACCOUNTS

Requirements for Account Opening

PERSONAL SAVINGS ACCOUNTS

Bank of India's fixed deposits account offers you :
  • Introduction letter from the Employer for employees and from Local Council for non employees.
  • Original Passport /National ID /Voting Card
  • Working Permit for foreigners
  • Two (2) passport photographs.
  • Proof of address e.g. utility bills for water, gas, electricity etc.

  • Board Resolution to open account with Bank of India (T) Limited
  • Copy of Company Memorandum and Articles of Association
  • Business License
  • Certificate of Incorporation.
  • Tax Payers Identification Number (TIN)
  • List of authorized signatories
  • Photographs of authorized signatories (2 each)
  • Identification documents from the signatories (Original passport, working permit etc.)

  • Partnership Deed
  • Certificate of Incorporation
  • Tax Payers Identification Number (TIN)
  • Business License
  • Extract from the Registrar
  • Photographs of partners (2 each)
  • Passport copies of Partners (2 each)
  • Introduction letter from the Ward Committee (for Sole Proprietors)
  • Identification documents from the signatories
 
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