This product is available for the deposit holders to keep fixed sum of money for a definite period of time at a fixed rate of interest.
Eligibility: Individuals, business firms, company, association, society etc.
Minimum Deposit - Shs. 100,000/=
Maximum Deposit - No ceiling
Minimum 1 month - Maximum 120 months
Rate of interest: View latest Interest Rates
Prepayment facility is available. Rate of interest on prepayment will be 1% less than the applicable rate for the terms of deposit remained with the bank
Overdraft/ loan facility Interest rate
- Up to 90% of the deposit amount if loan is in same currency and 80% of deposit if loan is in different currencies.
- 3-5 % over the deposit rate of interest applicable
1. Deposit can be renewed with interest on due date.
2. The principal amount of deposit can be renewed and interest is paid separately to the customer
3. The principal amount and interest due thereon will be paid to the customer on due date.
4. No cash deposit fee
Other terms and conditions
If the entire amount is withdrawn within one month from the date of deposit, no interest will be payable on deposit. However, if the deposit remains with the Bank prepayment may be considered with interest @1% below the rate applicable for the period for which the deposit has remained with the Bank.