These are government bonds that the Bank buys on behalf of the customers:
What you'll need:
- Must be an account holder of the bank
- The Bank issues Forms to the customer stating intention, tenure and amount to invest for the purchase of the Treasury Bills
- National ID/Passport/Driver’s License/Voter’s ID
Features and benefits:
- The Bank bids on behalf of the customer
- Customer’s account should be funded before purchase is made
- Possibility of Roll Over of principal amount and interest upon maturity
- Choose the tenure that best suits your needs; 90 days, 180 days or 365 days
- On Maturity, 15% withholding Tax on Accrued Interest is levied and paid to NRA
- Minimum investment amount is Le50M