Al - Barakah Senior Citizen Account
Overview
A savings account dedicated to retirees from both government and the private sector.
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
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