Utumishi Usiokoma Account

Utumishi Usiokoma Account

This is the memorial fund account. Individual can leave fund for family, village, religion institutions, club, trustee, clan or government. The fund will be named before the person who opened it. It will help to develop individuals, family and group, on acquiring social services. The account has got zero monthly charges. The account earns high interest rate of up to 6% p.a

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Utumishi Usiokoma Account

Utumishi Usiokoma Account benefits:

  • Reasonable/Affordable opening balances
  • Earn high interest rates
  • Withdrawals of interest will be allowed as per depositors instructions
  • No ledge fee
  • No withdraw charges
  • Unlimited number of deposits
  • Leave funds for specified beneficiary (s)

Wosia/Will Account

The “Wosia Account” (Will Account) is the transaction savings account. It is the primary product offered to different individuals and savers. The objective of this account is to help the family members when the client is alive or has passed away.

Wosia Account may be operated by:

  • Individuals
  • Retired Personal
  • Religious Institutions

How to apply

  • Complete our application forms
  • The minimum opening balance is Tsh. 100,000
  • Retirement letter
  • Signatory`s identity card such as Driving License, Work Id and Valid passport
  • Two colored passport sized photographs
  • Letter of Introduction from Local Government authorities, Religious Leaders, employer or two references from Uchumi Bank holders

Wosia Account benefits

  • Reasonable/Affordable opening balances
  • High interest rates per annum
  • No withdraw charges
  • Unlimited number of deposits
  • Custody of will
  • Joint account facility
  • Leave funds for specified beneficiaries
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