A group savings account for both formal and informal community groups, such as VSLAs, SILC, VICOBA, and family/friends’ groups.

Features & Benefits

• Attractive annual interest.
• No monthly maintenance fees.
• Access to all NMB channels, ie, Branch, Wakala, ATM, mobile platforms NMB Mkononi and USSD.
• Optional cheque book.
• Instant loan disbursement
• Digital membership management: signatories can add or remove members.
• Tri-pin functionality for local authorization of transfers.
• Members can request loans via mobile, with instant disbursement after group signatory authorization.
• Account can be opened via NMB Mobile at any time by signatories who are registered with Mkononi.

Fees & Requirements

• Charges: As per NMB Tariff Guide
• Available in TZS
• KYC as per the prevailing Account Opening Checklist.
  • Group Constitution & resolution passed to open the Account
  • A letter to the direct branch manager to open the account
  • 2 recent passport photos with a blue background for signatories
  • Names of all informal group members
  • A minimum of TZS 30,000/= as an opening balance

Please visit or contact your nearest NMB branch or call us on our toll-free number – 0800 002 002.