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 through SimBanking App.

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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.

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