Indo Zambia Bank

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banner  Savings Deposits

Charges W ef [17.11.2014] 
Sr. No. Product Name IZB Privilege
Savings Account
IZB Classic
Savings Account
Savings (TISUNGE)  Savings (TONSE)
2
 
Target Group 
 
Individual and Joint Account holders/Charitable Organisations 
 
Individual and Joint Account holders 
 
Individual and Joint Account holders 
 
Individual and Joint Account holders
3
 
Account Opening Requirement 
 
KYC requirement as stipulated 
 
KYC requirement as stipulated 
 
KYC requirement as stipulated 
 
KYC requirement as stipulated  
4
 
Type of Account Savings with cheque book facility 
 
Savings with cheque
book facility 
 
Savings 
 
Savings 
 
Savings 
5
 
Rate of Interest 
 
3.5% p.a payable twice-yearly 
 
3.5% p.a payable twice-yearly 
 
NIL
 
NIL
6
 
Maintenance Charges 
 
K20/- per month 
 
K20/- per month 
 
K10/- per month 
 
K10/- per month
7
 
Minimum Balance Reqrmt 
 
K500/- 
 
K250/- 
 
K100/- (a/c to be opened with min.sum of K150/-) 
 
K40/- (a/c to be opened with min.sum of K65/)
8
 
Minimum Balance Chrg 
 
K25/- 
 
K25/- 
  
K25/- 
 
K25/-
9
 
Cheque Book charge 
 
25 leaves –K 50/- 50 leaves –K100/- 
 
NA 
 
NA 
 
NA
10
 
SMS Alert 
 
Free 
 
Free 
 
Free 
 
NA
11
 
Internet Banking 
 
Free 
 
K60/- per annuam 
 
NA 
 
NA
12
 
Monthly Statement 
 
Free once per month 
 
On the ATM facility 
 
On the ATM facility 
 
On the ATM facility
13
 
Duplicate/Interim Statement 
 
K15/- per page 
 
K15/- per page 
 
K15/- per page 
 
K15/- per page
14
 
Transaction Fee 
 
K2.50 per entry with 8 free entries per month 
 
K2.50 per entry with 4 free entries per month 
 
K2.50 per entry
 
K2.50 per entry
15
 
E-statement 
 
Available - Free 
 
Available - Free 
 
NA 
 
NA
16
 
Closure of a/c 
 
K40 
 
K40 
 
K40 
 
K40
17
 
Cash Deposits (At any IZB Branch) 
Up to K 50,000/-
Free
Above K 50,000/-
per day of part
thereof- K5/- per
K10,000/- ; or part
thereof Max. K100/-)
Up to K 50,000/-
Free
Above K 50,000/-
per day of part
thereof- K5/- per
K10,000/- ; or part
thereof Max. K100/-)
Up to K 50,000/-
Free
Above K 50,000/-
per day of part
thereof- K5/- per
K10,000/- ; or part
thereof Max. K100/-)
Up to K 50,000/-
Free
Above K 50,000/-
per day of part
thereof- K5/- per
K10,000/- ; or part
thereof Max. K100/-)
18
 
Cash withdrawal Charge (at any IZB branch) 
 
K30/- per withdrawal over the counter 
 
K30/- per withdrawal over the counter 
 
K30/- per withdrawal over the counter 
 
K30/- per withdrawal over the counter
19
 
Issuance of Deposit Book 
 
K25/- per book 
 
K25/- per book 
 
K25/- per book 
 
K25/- per book
20
 
IZB Visa Chip Debit Card - Charges 
i. Issuance Fee-
K50/-
ii. Monthly Fee-Free
iii. Renewal of Card
- Free
iv. Card
Replacement -
v. K100/- per card.
vi. PIN
Regeneration-
K20/- per
generation.
i. Issuance Fee-
K50/-
ii. Monthly Fee-Free
iii. Renewal of Card -
Free
iv. Card Replacement
-K100/- per card
v. PIN Regeneration-
K20/- per
generation.
i. Issuance Fee-
K50/-
ii. Monthly Fee-K
10/-
iii. Renewal of Card
- Free
iv. Card
Replacement –
K100/- per card
v. PIN
Regeneration-
K20/- per
generation.
i. IZB ATM cards:
ii. Issuance Fee –
K25/-
iii. Renewal of Card
- Free
iv. Card
Replacement –
K75/- per card
v. PIN
Regeneration-
K20/- per
generation.
21
 
IZB ATMs 
 
i. Cash
Withdrawals-K4/-
ii. Balance Enquiry-
Free
iii. Mini Stmnts - K2/- 
 
i. Cash
Withdrawals-K4/-
ii. Balance Enquiry-
Free
iii. Mini Stmnts - K2/- 
 
i. Cash
Withdrawals-K4/-
ii. Balance Enquiry-
Free
iii. Mini Stmnts - K2/- 
 
i. Cash
Withdrawals-K4/-
ii. Balance Enquiry-
Free
iii. Mini Stmnts - K2/- 
22
 
Other Bank’s VISA enabled ATMS in Zambia 
 
i. Cash Withdrawal
-K10/-
ii. Balance Enquiry
– K 3/- 
 
i. Cash Withdrawal
-K10/-
ii. Balance Enquiry
– K 3/- 
 
i. Cash Withdrawal
-K10/-
ii. Balance Enquiry
– K 3/- 
N/A
23
 
Other Banks VISA enabled ATMs  (abroad) 
 
i. Cash Withdrawal
– K25/-
ii. Balance Enquiry
– K10/- 
 
i. Cash Withdrawal
– K25/-
ii. Balance Enquiry
– K10/- 
 
i. Cash Withdrawal
– K25/-
ii. Balance Enquiry
– K10/- 
N/A
24
 
Visa Dispute Fee 
$40
$40
$40
$40
25
 
ATM Cash Withdrawal Limit per day (at IZB ATM / other ATM) 
 
K5,000 per day
(subject to balance
available in account)
 
K5,000 per day
(subject to balance
available in account)
 
K5,000 per day
(subject to balance
available in account)
K4,000 per day
(subject to balance
available in
account) 
26
 
Purchase transaction Limit per day 
 
K10,000 per day
(subject to balance
available in account)
 
K10,000 per day
(subject to balance
available in account)
 
K10,000 per day
(subject to balance
available in account)
 
NA
27
 
Return of cheques 
 
For financial
reasons (Refer to
Drawer) K 306 - per
cheque
For other reasons -
K 60/- per cheque 
 
NA
 
NA
 
NA
28
 
Stop Payment Instructions 
 
K200/- per occasion 
 
NA 
 
NA 
 
NA
29
 
Remittances (Kwacha)
(a) Banker’s cheque
 
1% (min K 50/-and max 100/-
 
1% (min K 50/-and max 100/-
 
1% (min K 50/-and max 100/-
 
1% (min K 50/-and max 100/-
(b) Cancellation of Banker’s cheque
K 50/-
K 50/-
K 50/-
K 50/-
(c) Issuance of duplicate Banker’s cheques in lieu of lost cheque
K 75/-
K 75/-
K 75/-
K 75/-
(d) Cancelling of lost Banker’s cheque
K 100/-
K 100/-
K 100/-
K 100/-
ii) Other remittances
a) Within IZB branches
Free
Free
Free
Free
b) Other Banks (RTGS)
K 50/- per transaction
K 50/- per transaction
K 50/- per transaction
K 50/- per transaction
iii) DDACC
K25/- per transaction
K25/- per transaction
K25/- per transaction
K25/- per transaction
iv) Transfer of funds on closure of account 
K 50/- per transfer 
K 50/- per transfer 
K 50/- per transfer 
K 50/- per transfer 
30
 
Balance confirmation charges 
 
K100/- per certificate for IZB Privilege a/cs (others K50/-) 
 
K100/- per certificate for IZB Privilege a/cs (others K50/-) 
 
K100/- per certificate for IZB Privilege a/cs (others K50/-) 
 
K100/- per certificate for IZB Privilege a/cs (others K50/-)
31
Authentication/Authorisation/Verification of other documents 
 
K50/- per document for confirmation/ authorization /verification of documents
 
K50/- per document for confirmation/ authorization /verification of documents
 
K50/- per document for confirmation/ authorization /verification of documents
 
K50/- per document for confirmation/ authorization /verification of documents
32
 
Standing Order Charges
i) Setting up charges
K50/-
K50/-
K50/-
K50/-
ii) Processing (internal) intra-bank
K20/- per transaction
K20/- per transaction
K20/- per transaction
K20/- per transaction
iii) Processing (external) Inter-bank
K40/- per transaction
K40/- per transaction
K40/- per transaction
K40/- per transaction
iv) Amendment 
K50/- per transaction 
K50/- per transaction 
K50/- per transaction 
K50/- per transaction 
33
 
Dormant Account 
 
K30/- per month 
 
K30/- per month 
 
K30/- per month 
 
K30/- per month
34
 
Reactivation of Account (only if closed within last 6 months)   
 
K100/- 
 
K100/- 
 
K100/- 
 
K100/-
35
 
Photocopies at customer’s request 
 
K 5/- per page 
 
K 5/- per page 
 
K 5/- per page 
 
K 5/- per page
 
 
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