Busara Account

Overview

For shareholders

This is a savings account designed specifically to provide shareholders with an opportunity to grow their deposits. These are shareholders in companies that are registered by the Dar-es-Salaam Stock Exchange (DSE) and receive dividends.

Busara Account can now be applied throughSimBanking App.

Get the App

6 great features of our Busara Account

  • The account can be opened and operated in TZS only
  • Minimum opening balance is TZS 20,000
  • It earns interest on deposits
  • Eligible to TemboCard VISA,/MasterCard, SimBanking, and Internet Banking
  • No monthly maintenance fees or transactional charges with the exception of alternative channels
  • No Joint account operation

5 great reasons to open a Busara Account

  • Designed to conveniently receive dividends
  • Convenience of accessing the account in across all channels 24/7  
  • Assured fund security  
  • Earn interest on deposits
  • No withdrawal charges except on alternative channels.

To open an account, you must…

  • Be a customer aged 18 years and above
  • Have two passport size photographs (For a customer with no NIDA ID/Number)
  • Have a valid ID (NIDA ID, Voters ID, Passport, Driver’s licence, Zanzibar ID)

FAQs

No, Busara Account has no withdrawal charges except on alternative channels (eg. Wakala/ATM, etc.) as per approved Bank Tariff

Yes, the customer will receive a debit card, upon request.

Yes, the account is eligible for free SimBanking registration

NO

Yes, the Busara account offers Credit interest that is subject to review from time to time.

You might also be interested in