Al - Barakah Senior Citizen Account

Overview

A savings account dedicated to retirees from both government and the private sector.

 Underlying Contract is Qardh.

 Acceptable currency is TZS only

 Can open account with zero opening balance

 Minimum operating balance can be up to zero

 Shariah Compliant i.e. funds are not channeled into impermissible activities.

 Eligible for Tembo card, SimBanking or Internet Banking

 Customer must be 18 years and above

 Any Legal ID (NIDA ID or Number/Voter ID/Passport/Driving License)

 Low risk individual customers and customers using NIDA ID are not supposed to provide introduction letter from VEO/WEO

 When opening accounts through Savvy Flow, customer should provide 2 Passport size photos

You might also be interested in