CANARA BANK (TANZANIA) LIMITED SERVICES CHARGES W.E.F 01ST JULY 2018

  TZS USD D. REMITTANCES
A. SAVINGS BANK   TZS USD
1. Monthly Maintanance Charges FREE FREE 1. TISS 11,800.00 $11.8
2. Non Maintanance of Minimum Balance FREE FREE 2. E Remittances    
3. A/C Statement Charges     Upto USD 1000 or Eq. TZS 20,000.00 $10
a) Monthly FREE FREE 1001 to 5000 24,000.00 $12
b) Interm 5,000.00 $5 5001 to 10000 48,000.00 $25
4. Cash Withdrawl Charges FREE Upto 5000 Free
Above 5000 - 0.3%
10,001 and above 100,000.00 $50
5. Cash Deposit Charges FREE FREE 3. SWIFT    
6. Balance Confirmation certificate 15,000.00 $7 a) Swift Outward    
7. A/c Closure charges 15,000.00 $15 Upto 5,000 NA $45
8. Activation of Dormat A/c 6,000.00 $6 5,001 to 10,000 NA $460
B. CURRENT ACCOUNT above 10,000 NA $90
b) Swift Inward    
1. Monthly Maintanance Charges FREE FREE Up to 5,000 NA $12
2. Non Maintanance of Minimum Balance FREE FREE 5,001 to 10,000 NA $18
3. A/C Statement Charges
a) Monthly
b) Interm
5000
5000+500 for each page
$5
$ 5+1 for each page
above 10,000 NA $30
4. Cash Withdrawl Charges UPTO 25 MIO- FREE
ABOVE 25 MIO--0.12%
Upto 5000 Free
5000 to 10,000 - 0.3%
Above 10,000 - 0.5%
E. LOAN/ADVANCES RELATED CHARGES
5. Cash Deposit Charges UPTO 50 MIO- FREE
ABOVE 50 MIO--0.12%
Upto 10,000- Free > 10,000- 0.3% 1. Processing Charges Upto 5 Mio - 25,000 5Mio to 10 Mio - 200,000 10 Mio to 25mio - 400,000 25 mn to 500 mio - 1.5% >500mio--1.25%* *minimum 7.5mio Upto 5,000 - $100 5000 to 10,000 - $200 Upto 20,000 - $300 20,000 to 500,000 - 1.5% >500,000--1.25%* *minimum 7,500
5. Balance Confirmation certificate 25,000.00 $15 2. Documentation Charges Upto 100 mio --NIL-- >100 Mio 0.3% -Min 300,000 Upto 50,000 --NIL-- >50,000 - 0.3% Min 150
6. Stop Payment Charges 30,000.00 $15 3. Upfront fee on Term Loan Upto 5Mio - 25,000 5 Mio to 10 Mio - 200,000 10Mio 25mio - 450,000 25 mn to 500 mio -1.8% >500mio--1.5%* *minimum 9mio Upto 20,000 - $300 20,000 to 500,000 - 1.8% >500,000--1.5%* *minimum 9000
7. Cheque  Clearing Charges

Hon/Ret

Hon/Re 4. Inspection Charges Upto 100 Mio -25,000 >100 mio - 50,000 Upto 50,000 - 25 >50,000 ----50
a) Inward 1500/30,000 $1/$15 F. LETTER OF CREDIT
b) Outward Free/30,000 Free/$15 Import Letter of Credit (per qrtr of Part thereof)
8. A/c closure charges 25,000.00 $20 Opening commission NA 1.2% ( Min $ 200)
C. MOBILE BANKING CHARGES LC amendment Commission NA 0.4% ( Min $50 max 350)
1. Cash Withdrawal     Swift charge for LC opening NA $40
Upto 100,000 2,000.00 NA Swift charge for other message/amendments NA $40
101,000 to 200,000 3,000.00 NA Extensions - Commissions NA 1.2% ( Min $200)
201,000 to 400,000 5,000.00 NA LC cancellation charges NA 1.2% ( Min $200)
401,000 to 600,000 6,000.00 NA Non payment of Bills on due date NA 16% Till Payment
601,000 to 999,000 8,000.00 NA Export Letters of Credit (per quarter or part thereof)
2. Funds Transfer/Mobile Wallet     Advising commission NA $140
Upto 100,000 500.00 NA Confirmation Commission NA 0.5% ( Min $150)
101,000 to 250,000 1,000.00 NA Negotiating bills under LC NA 0.5%(Min $75+cuourier+int)
251,000 to 500,000 2,000.00 NA Reimbursement claim paid NA 0.5% ( Min$75)
501,000 to 1,000,000 5,000.00 NA Extensions - Commissions NA 1.2% ( Min $200)
1,001,000 TO 10 Mn 10,000.00 NA Collection of Export LC NA 0.5%(Min $75+cuourier+int)
      Amendments NA $75
Mobile Banking Services     G. Guarantees (Local & International)
A) Monthly Subscription Charges 500.00 NA Bonds & Guarantees 1.2% ( Min TZS 75,000) 1.20%
B) PIN Request 2,500.00 NA Bonds & Guarantees with 100 % Cash Margin 0.5% per quarter (Min TZS 75,000) 40% of actual charges
H. LOCKERS RENT YEARLY CANARA BANK (TANZANIA) LIMITED
16/1, ELIA COMPLEX , ZANAKI BIBI TITI STREET
POST BOX NO 491, DAR ES SALAAM, TANZANIA
TEL : 255 22 2112530/31/32/34
1.SMALL 350,000.00  
2. MEDIUM 600,000.00  
3. BIG 750,000.00  

INTERNATIONAL BANKING SERVICES (HUDUMA ZA KIBENKI ZA KIMATAIFA)

Canara Bank (T) Ltd is a wholly owned subsidiary of Canara Bank India, it commenced its operations in Tanzania on 9th May, 2016 Benki ya Canara Tanzania ni kampuni tanzu ya Canara benki ya India, ilianza shughuli zake Tanzania mnamo tarehe 9 Mei, 2016
* We finance export at pre-shipment stage as well as post-shipment stage, which can be availed either in Foreign currency or Local currency; * Tunawezesha uhamishwaji wa fedha katika awamu ya kabla au baada ya usafirishwaji wa bidha kwenda nje ya nchi, ambapo mteja unajihakikishia kupata fedha za kigeni au sarafu ya ndani, kabla/baada ya bidhaa husika haijasafirishwa. Benki yetu pia inawezesha;
The Bank not only finances at customers option in foreign currency at pre-shipment and Postshipment stages but also finance the import leg in foreign currency where imported inputs are required for exports. Uhamishwaji wa fedha katika awamu ya kabla au baada ya usafirishwaji wa bidha kutoka nje ya nchi kwa ajili ya matumizi ya ndani au pale ambapo malighafi toka nje inahitajika kwa ajili ya utengenezaji wa bidhaa ya kusafirishwa nje ya nchi, ambapo mteja atanufaika na huduma zetu zenye kuzingatia tozo.
Non fund based transactions like adding confirmations to LC, issuing inward and outward Bid bonds & guarantees, establishing LCs for import to India, arranging buyer’s credit at attractive terms etc. are our forte **The above Services are offered at attractive cost to the customers of the bank subject to the Bank’s policies and exchange control/ provision laid down by the Regulatory Authorities from time to time. Canara Bank has Branches in Newyork, London, Bahrain, Leicester, Johanesburg, Hong Kong, Moscow & Shanghai Mihamala isiyohusisha pesa kama kuongeza uthibitisho wa LC, kutoa dhamana (vifungio) za ndani na nje, kuanzisha LCs kwa ajili ya kuagiza bidhaa toka India, kutoa mikopo ya manunuzi kwa masharti ya nafuu nk.
**Huduma hapo juu zinazotolewa kwa gharama ya kuvutia kwa wateja wa benki chini ya sera na kanuni za kubadilishana (udhibiti ) utoaji wa pesa zinazotolewa na mamlaka ya usimamizi mara kwa mara. Canara benki ina matawi kadhaa mjini Newyork, London, Bahrain, Leicester, Johanesburg, Hong Kong, Shanghai na Moscow
REMIT MONEY TO INDIA TUMA FEDHA KWENDA INDIA
1. Web based remittance to India
2. Faster and hassle free remittance
3. Affordable charges
4. Market beating exchange rates
5. Secured transfer
1.Uhamisha ji wa fedha kwa njia ya mtandao kwenda India
2. Kwa haraka bila usumbufu wowote Kwa ghrama nafuu
3. Viwango bora vya ubadilhaji fedha za kigeni
4. Uhakika wa usalama katika kuhamisha fedha

RATE OF INTEREST ON TERM DEPOSITS w.e.f. 01.02.20 (In Local Currency TZS)

Period/Tenor of Deposit Upto 10 Mio 10 Mio to 100 Mio Above 100 Mio
31 days to 90 days 3.50 4.50 5.00
91 days to 180 days 4.50 5.00 5.50
181 days to 364 days 6.00 6.50 6.75
1 year to < 2 yrs 7.00 8.50 9.00
2 yrs and above 8.00 9.00 9.50

(In Foreign Currency USD)

Period/Tenor of Deposit Upto 5000 5000 to 50000 Above 50000
31 days to 90 days 0.50 1.00 1.50
91 days to 180 days 1.00 2.00 2.25
181 days to 364 days 2.00 2.25 3.00
1 year to < 2 yrs 2.25 2.75 3.50
2 yrs and above 2.50 3.00 4.25

FOREIGN EXCHANGE

Currency BUYING RATE SELLING RATE
USD - TZS 2308 2338
USD - INR 72.70 --
INR - TZS -- 32.15
EUR- TZS -- --
GBP - TZS -- --

NRI Services

We facilitate to open your NRI account at your home town at free of cost, please visit us with the following documents.

  • Passport copy
  • Work Permit
  • Resident Permit
  • Aadhaar Card
  • PAN Card
  • 2 passport size photographs
Click Here To Download AOF NRE Account with Canara Bank India