How to open NMB Bank account (nmb bank kufungua account) successful procedures

How to open nmb bank account (nmb bank kufungua account), account to register in nmb bank  In Tanzania there are many banks that are operates whereby they offering different services to their customers. In Tanzania we have big and large bank that are surrounding within Tanzania with there are branches that are covered. Banks in Tanzania most of them are based or major in commercial services.

In Tanzania we have big banks this because due to they services and products that they are provide to they are customers. So those banks such as NMB Bank, CRDB Bank, DCB Bank, TCB Bank, Bank of Africa, and etc. So bank in Tanzania some are own by government and others are private banks. But also not all banks are commercial some are cooperative bank for specific tasks.

As a customer of nmb bank now days things are so easy for you because there is no need for you to go at the bank to deposit or with draw money because things now are easy. You can deposit and withdraw money through vodacom mpesa, tigo pesa and so on.

History of NMB Bank

NMB Bank is one of the largest commercial banks in Tanzania, providing banking services to individuals, small to medium sized corporate clients, government services, large businesses and agriculture lending.

NMB Bank was established under the National Microfinance Bank Limited Incorporation Act of 1997, following the break-up of the old National Bank of Commerce, by an Act of Parliament. Three new entities were created at the time, namely: (a) NBC Holdings Limited (b) National Bank of Commerce (1997) Limited and (c) National Microfinance Bank Limited.

How to open NMB Bank account (nmb bank kufungua account) online

How to open nmb bank account (nmb bank kufungua account)

In order to open nmb bank account there are a lot of procedures to follow in which you will need to follow so as to be successful. So in Tanzania nmb bank offering or provides various types of accounts that you as a customer to choose which type of account you need. Each accounts have they are own requirement in order to open a particular account.

List of NMB Bank account types (aina za account – nmb bank)

Here we will mention list of nmb bank account types so as customer you can choose depend on your preference and benefits of that particular account. So this aina za account – nmb bank.

Requirements to open nmb bank account

In order to open nmb bank account there are requireements you need to have in order to open  an account  at nmb bank as follows per each account.

  1. What you need to open Personal Account

    • Applicant should be aged 18 years and above
    • Legally Accepted Personal Identity Card
    • Legally Accepted Introduction letter
    • 2 recent passport photos with blue background
    • At least TZS 15,000/= for non-government employee
  2. What you need to open NMB Mwanachuo Akaunti

    • Applicant should be aged 18 years and above
    • Legally Accepted Student Identity Card
    • Student Admission Letter or Introduction Letter
    • 2 recent passport photos with blue background
    • At least TZS 10,000/= as an opening balance
  3. What you need to open Wisdom Account

    • Applicant should be aged 50 years and above
    • Legally Accepted Personal Identity Card
    • Legally Accepted Introduction letter
    • 2 recent passport photos with blue background
  4. What you need to open Current Account Group

    • Applicant should be individual informal group
    • Group Constitution & resolution passed to open the Account
    • A letter to direct branch manager to open the account
    • 2 recent  passport photos with blue background for signatories
    • Names of all informal group members
    • A minimum of TZS 30,000/= as an opening balance
  5. You only need the following to open NMB Chipukizi Akaunti

    • Parent or guardian’s legally accepted ID
    • Parent or guardian’s introduction letter from local authorities (WEO/VEO) or from employer
    • Teen’s Passport, Affidavit or birth certificate
    • Two recent passport size photographs of the parent or guardian with a blue background
    • At least an opening balance of TZS 2000 or USD/EURO/GBP 5

NMB Bank account opening charges

Each type of account have they are own opening charges which may differ from one type of account to another, so charge usually start or may lie between 15000/= to 50000/= (Tshs).

How to view NMB Bank account details

As a customer you will be eager to know how you can view your nmb bank account details. In order to do this you will need to have an account with nmb bank which will enable you to view details of your account. You can request bank statement to see how your account perform due to transaction that you made. Also you can check directly through ATM.

How to check NMB Bank account balance

As a customer or user of nmb bank there are different ways you can use on how you can check account balance

  • You can check balance through directly on ATM by insert the card and then choose balance (kuangalia salio).
  • Also you can check by go inside(within the bank) and ask for balance.

NMB Bank contact details

NMB Bank provide different ways on how you can contact them, so the following are the contact details for nmb bank

NMB Bank Plc.

Ohio Street/Ali Hassan Mwinyi Road

P.O. Box 9213

Dar es Salaam, Tanzania

Tel: +255 22 232 2000

Write to us through our email address: tuambie@nmbbank.co.tz

Important things to notes

Does NMB pay dividends?

Yes currently we pay final dividend as per company Articles of Association, but all depends on Shareholders’ decision during the Annual General Meeting

In which currencies does NMB pay its dividends?

Tanzanian Shillings (TZS)

Does NMB have a scrip dividend scheme?

Yes, of 33% of profit after tax which represents dividend cover of 3 times. This is also subject to the Board and Shareholders decision

How do I calculate my dividend?

(Number of shares * declared dividend rate per share) – Withholding Tax

Where can I find out about historic dividend payments?

At NMB Finance Department

Who do I contact if I haven’t received my dividend entitlement advice or my dividend payment?

dismas.nsindo@nmbtz.com

What is the position regarding taxation of dividends, taxation of capital gains, and stamp duty and stamp duty reserve tax?

The TRA charges 5% withholding Tax on dividends

(In capital gain there is brokerage commission)