TANZANIA, Oct. 8 -- BANK of Tanzania (BoT) data shows that monthly savings account maintenance fees differ sharply across the countrys banks, with top-tier institutions keeping charges moderate while some smaller and midsized banks impose substantially higher costs.

Out of 42 banks surveyed, only ten do not charge any monthly maintenance fee, namely NMB Bank, Bank of India, Diamond Trust Bank, Guaranty Trust Bank, Habib Africa Bank, I&M Bank, NCBA Tanzania, Selcom Microfinance and United Bank of Africa.

For another five banks—Citibank, Equity Bank, Standard Chartered Bank, Tanzania Agricultural Development Bank and TIB Development Bank— fees are not applicable to savings accounts.

Among banks that charge monthly fees, CRDB ...