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.