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TERM DEPOSITS ACCOUNTS

Announcements

Dear Customer, please note that we have revised our Interest Rates and improved our Product Service delivery w.e.f 01.10.2018; Visit our nearest branch for update. View More...

Audited Financial Results as on 31.12.2017

Audited Financial Results as on 31.12.2016

Audited Financial Results as on 31.12.2015

Financial Statement as on 31.Dec.2018

Audited Financial Statement as on 31.Dec.2018

Exchange Rates

STAR RECURRING DEPOSIT ACCOUNT

The Star Recurring Deposit Account is targeted to customers who wish to contribute small savings every month while providing a competitive interest rate for larger future requirements. You may contribute as little as UGX 25,000/= per month. On maturity, the whole savings may either be reinvested or withdrawn.

Main Features and Benefits
  • Deposits may only be made in Ugandan Shillings.
  • Monthly fixed contribution may be as low as UGX 25,000/= or in multiples of UGX 5,000/=.
  • Earn interest on a monthly basis calculated on the balance as at the last day of the preceding month.
  • Overdrafts or loans secured against the deposit are offered for up to 75% of deposit amount (subject to our terms and conditions).
  • Deposit period ranges from 1 year to 3 years in multiple of 3 months.
  • Contribution may either be made in cash or customers may transfer amounts held in accounts with their existing bank. Customers may also give standing instructions for transfers from another account with us without any extra charges or set up direct debits from another bank.
  • Interest payment is subject to tax.
  • Payment of the deposit prior to the maturity date is permitted, with our consent. However, in such cases a lesser rate of interest will be paid (see Service Charges available at any branch or online at www.bankofindia.co.ug ).
  • Monthly minimum contribution as per the original contract should be deposited by or that specific date of the month when the deposit was created. No penalty on default in payment of installment. However, interest is not payable for the default month installment.

Basic Requirements
  • Initial deposit you intend to invest with us.
  • Valid Identification (Passport, Voter’s card, Driving permit, Financial Card, NSSF Card, National ID).
  • Two (2) recent passport size photographs.
  • Proof of mailing & physical address (Utility Bill copy, Tenancy Agreement, Letter from LC or Employer).
  • Initial deposit of UGX 25,000/= or $25 USD.
  • Proper Identification (Valid ID, passport, voter’s card, driving permit, National ID)
  • Two recent passport size photographs.
  • Proof of mailing & physical address (Utility Bill copy, Tenancy Agreement, Letter from LC or Employer).