Time Deposit (FDR)

A savings account designed to facilitate salary payments for employee segment. It is an account in which employees' salaries are paid, by their employers through the Bank.


  • Multi-currency: TZS|USD|EURO|GBP
  • Initial Opening Balance-TZS 20,000|FOREX 50
  • Min Operating Balance TZS. 9,000|FOREX 50
  • Earns interest on Deposits
  • Interest Bearing Amount- TZS. 300,000|FOREX 500
  • Subject to transactional fees and Monthly Fee 
  • Joint operation is allowed


  • Easy to open an account through an employer
  • Fund Security
  • Facilitates timely salary processing
  • Earns interest as an incentive to saving
  • Issued with a debit card on the spot (Instantly)
  • The convenience of accessing the account 24/7 through CRDB ATMs, Kilimobile and Wakala
  • Enable Employees to get salary advances and Personal Loans


  • A person above 18 years
  • Legal ID (NIDA ID/Voter’s ID/Driver’s License/Passport/Zanzibar National ID).
  • VEO|WEO Letter (if using IDs apart from National ID).
  • 2 passport-size photos.
  • Employers introduction letter
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