DEPOSIT Insurance Board (DIB) will from Wednesday start reimbursing the insured deposits to depositors of the FBME Bank which is under liquidation, the Central Bank has said.
Every bank and every financial
institution which is licenced to carry on banking business in the
country is required by law to be a member of the DIB.
It said in a statement that payment of
depositors’ claims in excess of 1.5m/-will be dealt with after
collection of liquidation proceeds in accordance with the Banking and
Financial Institutions Act, 2006.
“The reimbursable amount shall be in
accordance with the limit provided under the Banking and Financial
Institutions Act 2006, which is up to 1.5m/- per depositor,” read part
of the statement.
The reimbursement of insured deposits to
depositors will be made at all branches of the former FBME Bank, except
Samora Branch at the city centre whose customers will be served at
Kinondoni branch at business hours starting 9am to 4.30pm on weekdays
and 9am to 12.30pm on Saturdays.
The required documentation includes a
properly filled Claim Form in duplicate which is available at the head
office and all branches of the bank and at the BOT Website.
Others are the depositor’s Account
Identity Card and proper identification of the depositor namely the
National ID, Passport and for Tanzania nationals, they may submit the
Tanzania Voter Registration ID, Driver’s licence or Introduction letter
from Local Government Authority.
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