Time Deposit (FDR)

An investment account which gives opportunity to invest in fixed terms (Amount, Interest rate, and duration). The tenures are 3, 6, 9, 12, or 24 months. 


  • Multi-currency: TZS|USD|EURO|GBP
  • Initial Opening Balance –TZS 500,000 | FOREX 1000
  • Interest is paid on maturity
  • Investment duration ranges from 3 or 6, 9 or 12 or 24 months
  • Fixed Deposit receipt is given to a customer as a certificate of deposits
  • Premature withdrawal / uplifting attracts a penalty.


  • Funds security.
  • No monthly fees or transactional fees.
  • Attractive interest rate.
  • It is a risk-free investment (guarantee on return).
  • A customer knows in advance the interest to be earned.
  • Flexible investment period of either 3,6,9,12 or 24 months.
  • Easy to access an overdraft facility in case of need, as a deposit receipt cab used as a lien/collateral for the loan.
  • Renewable investment enables customers to maximize their interest earnings. 


  • Customer must be 18 years and above 
  • Own a KCBL account
  • Legal ID (NIDA ID/Voter’s ID/Driver’s License/Passport/Zanzibar National ID). 
  • VEO/WEO Letter (if using ID’s apart from National ID).
  • 2 Passport size photos.