NBC unveils innovative product for teachers

THE National Bank of Commerce (NBC) has launched a new product to provide cost-effective financial service solution for all teachers in the country.

Head of Finance and Foreign Markets, Juliana Mwapachu said in Dar es Salaam at the weekend that the innovative account dubbed the ‘Mwalimu account’ aims to provide benefits and services designed for the unique needs of teachers and enable them to successfully overcome various financial challenges.

“The innovative product represents an important step in the journey of financial inclusion and empowering teachers,” she said.

The bank’s Head of Product and Sales, Mr Abel Kaseko said the innovative product is a special banking solution created for teachers in Tanzania.

It provides a broad range of financial products and services tailored to the needs of the teaching community, providing them with more financial autonomy and the chance to secure a bright future.

He said in the unfortunate event of a parent passing away, the family will receive an education benefit of 6m/-, ensuring that the children’s educational needs are taken care of during such a difficult period.

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