This one-of-a-kind account allows individual VICOBA members to save and also have direct access to other vital banking benefits we offer. You must be 18 years old or older to open this account, there’s no minimum opening balance, and the minimum operating balance is only TZS 20,000.  Your interest-bearing balance is TZS 50,000 with an interest rate of 3.5% accrued monthly but paid annually.
To open your VICOBA Individual Account you will need to:

• Provide a letter of introduction from your VICOBA group.
• Bring along a letter of introduction from your local government authority
• Provide two passport-size photographs
• Have formal identification such as your national ID, driving licence, voter registration card or passport

With this account you are guaranteed:

• Free transfers between group and individual  accounts
• No monthly fees
• Free balance inquiries over the counter
• Easy access to Akiba Mobile services and Umoja Switch ATMs

For further information please visit any Akiba branch near you or call +255 746 811 510