Foreign Fixed Deposit

DTB USD/GBP/EURO Fixed Deposit

Deposits earning interest for a fixed period.USD/GBP/EURO.
Features:

  • Minimum deposit of USD 1,000 or equivalent
  • Competitive interest rates
  • Attractive forex conversion rates
Foreign TT/TISS (Foreign Exchange)
Incoming TISS Transfer – (FYC) Free
Incoming Swift Transfers USD 10
Out Going Swift Transfer – Inland (TISS) USD 10
Out Going Swift Transfer – Foreign (TT) USD 45
  • Out Going Swift Transfer – Foreign (TT)
  • Home remittance/non-commercial – Prime Savings – 1 per month
USD 10
  • Outward Swift Transfer – Indian Rupee (INR)
    • Commercial Transaction
    • Family Upkeep (Non Commercial)
  • USD 15
  • USD 9
Outward Swift Transfer – Amendment USD 10
Fixed Deposit Rates – Local Currency
Amount
(in TZS Millions)
Call Deposits
1 Month
3 Months
6 Months
12 Months
24 Months
5 – 49 0.0% 2.0% 2.5% 4.0% 6.0% 7.0%
50 – 100 0.0% 3.0% 3.5% 4.5% 7.0% 8.0%
101-200 0.0% 3.5% 4.0% 5.0% 7.5% 9.0%
201 – 500 0.0% 4.0% 4.5% 6.0% 8.5% 9.5%
501 -1000 2.5% 4.5% 5.0% 6.5% 9.0% 10.0%
More than 1000 4.0% 5.0% 6.0% 7.0% 10.0% 11.0%
Fixed Deposit Rates – Foreign Currency
TENOR
USD >50,000
USD up to 50,000
GBP
EUR
1 Month 0.25% 0.25% Nil Nil
2 Months 0.50% 0.50% Nil Nil
3 Months 0.75% 0.75% Nil Nil
6 Months 1.25% 1.00% 0.50% 0.15%
1 Year 3.00% 2.50% 0.75% 0.25%
2 Years 3.25% 2.75% 0.75% 0.50%
Lending Rate
TZS USD
Base Lending Rate 20% p.a. Linked to libor rate
Clean / Temporary OD 25% Over base lending rate 25 %