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Rate of Interest on Deposits
 

RATE OF INTEREST ON DEPOSITS

 

Scheme

Savings Bank Deposit

Currency

Tanzanian Shilling (TZS)

United States Dollar (USD)

Minimum Amount

With Cheque Book facility

TZS 200,000

USD 200

Without Cheque Book facility

TZS 50,000

USD 50

Rate of Interest

2.50% p.a.

    0.50% p.a.



 

Scheme

Star QIC, Star MIC, Star Recurring Deposit, Star Fixed Deposit

Currency

Tanzanian Shilling (TZS)

Minimum Amount

TZS One Million.

Amount in TZS’Mn

Period / % p.a.

6 months

Over 6 months

Below TZS 10 Million

9.00%

9.75%

TZS 10 Million & up to TZS 200 Million

10.00%

11.00%

* Above TZS 200 Million, Please contact Branch Manager for quote.

Currency

United States Dollar (USD)

Minimum Amount

USD One Thousand.

Amount in USD

Period / % p.a.

6 months

Over 6 months

Below USD 10,000

1.75%

2.25%

USD 10,000 & above

2.25%

2.75%

 

 

 

 

 

Rate of interest

Internal rating
(Business Loan a/c)

Facility

Rate of interest
(TZS/USD)

Bank’s Prime Lending Rate (BPLR)

All credit facilities

TZS : 16% p.a.
USD :  7% p.a.
(Subject to change  as per 
ALCO decision from time to time)

AAA/OVS1/OVS2

Partly secured/unsecured

BPLR+3.00% p.a.

Min 125% Secured by asset

BPLR+2.00% p.a.

AA/OVS3/OVS4

Partly secured/unsecured

BPLR+3.50% p.a.

Min 125% Secured by asset

BPLR+2.50% p.a.

A/OVS5

Partly secured/unsecured

BPLR+4.00% p.a.

Min 125% Secured by asset

BPLR+3.00% p.a.

B/OVS6

Partly secured/unsecured

BPLR+5.00% p.a.

Min 125% Secured by asset

BPLR+4.00% p.a.

All Borrowers

Fully Secured by SBLC

BPLR+1.75% p.a.

Fully Secured by  cash margin 

BPLR+1.25% p.a.

100% Secured by Sovereign/PSU
guarantee or Sovereign/PSU is borrower

BPLR+1.25% p.a.

Negotiation of Bills under LC on whom exposure limit is available

Secured by Bank

Upto 90 day: BPLR+1% p.a.
Over 90 day:BPLR+2% p.a.

Personal Loan

Secured/Unsecured

USD-BPLR+3% p.a
TZS-BPLR+4% p.a

Vehicle Loan/Loan against Property/Housing Loan

Secured/Unsecured

USD-BPLR+2% p.a
TZS-BPLR+3% p.a

Loan against deposit

Secured

2% over Deposit rate

Staff Loan

Secured/Unsecured

As per scheme.

Temporary Overdraft

Secure/Partly Secured/Unsecured

BPLR+5.00% p.a.

Penal Interest
a) 3% p.a. over Regular RoI for non-compliance with terms of sanction.
b) 5% p.a. over Regular RoI for overdrawing/ excess drawings due to nonpayment of interest/ instalment/charges etc.
c) The penal interest to be charged on the entire outstanding loan amount.
Temporary Draft
(7% over PLR ) USD 14% TZS 23%
Temporary Over limit
2% p.a. over Regular RoI
Loan against TDR in same currency
3% p.a. over RoI on TDR
Loan against TDR in cross currency
USD-7% p.a. (PLR)
TZS-16% p.a.(PLR+1%)
Note:
  1. Fully Secured by cash margin means 100% margin in case of same currency and 115% marginin case of cross currency.
  2. Fully Secured by SBLC means Minimum 100% of loan amount coverageby SBLC of Bank on which exposure limit is available.



 
 
Bank of India - TZ
    Announcement Start | Stop
 
22/07/2016

We proudly announces the opening of 61st Overseas Branch in Ho Chi Minh City Vietnam
........................................................................

11/07/2016

Our bank fees and charges have been revised with effect from 11th July 2016
........................................................................

03/05/2012

BOI celebrates 60 glorious years of banking in singapore
........................................................................

15/08/2012

Free remittance facility to Tanzanian students studying in India.Walk in for opening of savings bank account.
........................................................................

02/08/2012

We are happy to announce that business hours of our Zanaki street Branch have been extended up to 4.00pm from Monday up to Friday
........................................................................
Bank of India - TZ
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