Kibubu Account

DTB Kibubu Account

Features:

  • Available in Tanzanian Shillings and USD.
  • Minimum period of 6 months, maximum of 5 years.
  • Minimum opening of TZS 20,000 in multiple of TZS 10,000 per month
  • Minimum opening 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.
  • Parents/ Natural Guardians can open accounts in the names of Minors.
  • Corporates/ Sole Proprietors/ Partnerships can also open the account.
  • Loan available against the deposit.
Tenure Monthly Deposit(Tzs) Total Deposit(Tzs) Interest Rate Net Interest Total Maturity Value(Tzs)
12 100,000.00 1,200,000.00 10% 58,500.00 1,258,500.000
36 100,000.00 1,200,000.00 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