How to Apply for License to Transact Post Office Savings Bank In Uganda

Apply for License to Transact Post Office Savings Bank In Uganda By Yourself

  1. The application for a license to carry out transactions or operate the operations of a savings bank for post offices is to be submitted by writing the Central Bank of Uganda to obtain a license. You can find their website by clicking the following link Bank of Uganda
    • The Act stipulates the License to transact financial Institutions The business of an Post Office Savings Bank as an class 2 License.
  2. The applicants are required to complete and submit the prescribed application form accessible at the Bank of Uganda head office.
  3. Complete the form complete with all relevant documentation to the Bank of Uganda. In the event of omission, any supporting documents will make the application process uncomplete.
    • The law stipulates that no one can operate the post office saving institution without having a license depending on the situation issued from the licensing Authority.
  4. After receiving the application file the central bank receiving officer will confirm that all the details and information are correct prior to making the application official to be submitted to be assessed, processed, and evaluation at the Central Bank Licensing Board.
  5. Central bank licencing board must within six months after receiving an application, review and write a comprehensive report on the application.
  6. During the assessment process , the Central Bank shall be guided by the following rules:
    • It is not clear if the newly established Post Office Savings Bank license can bring any benefits to the country’s economy and consumers in finance.
    • If the applicant is able to provide financial services as a result of an application for license is submitted in a safe and sustainable way.
  7. If, following receipt of the application and after receiving the application, the Central Bank is of the belief that it needs additional information to review the application The Central Bank may, within 21 days after the date of receipt of the application, and through in writing, request additional data from the person who submitted it, or third partiesas can be determined in the Central Bank, and the notice must:
    • Please provide the necessary information to the applicant.
    • If appropriate, inform the those who have read the application to solicit their comments.
    • The time frame within the time frame within which information or comments must be made available for consideration by Central Bank. Central Bank.
    • Indicate the date by which it is expected that the Central Bank intends to make an official decision on the application.
  8. The Authority must inform the applicant in writing, of its decision. within fourteen days following the above-mentioned time period The Central Bank shall grant or deny the application. If it decides not to grant the license, the Central Bank decides not to issue the license, it must give the reasons in the notification.
  9. If the application is approved If approved, when approved by the Central Bank, Central Bank will inform the applicant within 7 days of determining its decision. It will also ask applicants to make payment of the required fees for license and obtain the Post Office Saving Bank License.
  10. The license is subject to the terms and conditions that they by the Central Bank deem fit. The licensee is also monitored and supervised from Central Bank. Central Bank.

Required Documents For Apply for License to Transact Post Office Savings Bank

  • The prescribed application form, dully filled in is required to be included on your application.
  • The national ID card for the person applying must be included to the application form.
  • Evidence of residence (Voters card, electricity Bill telephone Bill, Passport, driving license)
  • Identification document (Permanent account Number)should be included to the application form.
  • Photographs of passport size should be included to your application.
  • A certified copy of the certificate for incorporation is required to be included on the form.
  • A certified duplicate of Memorandum as well as Articles of Association of the proposed institution.
  • A certified duplicate of Memorandum or Articles of Association of any corporate entity that plans to hold a substantial stake of the company.
  • A certified copy of the most recent accounts for the audited period of three years preceding the date of application if the applicant had worked in any field under any name or law or in the event that one shareholders are an organization.
  • In the event that the proposed major shareholders comprise natural individuals, personal accounts of affairs for the last three years are required.

Office Locations and Contacts

Bank of Uganda
Lot 37/45 Kampala Road
P.O Box 7120, Kampala, Uganda
Tel: +256 414 258-441/6
Tel: +256 414 258 060/9
Tel: +256 417 302 000
Tel: +256 312 392 000
Fax: +256 41-4230878
Web site: Bank of Uganda
Bank Of Uganda Branches.
  • The bank has nine branches located in the following towns throughout the country:
Bank of Uganda.
Arua (Branch)
Location: Plot 27/29 Avenue Road (Inzikuru Road)
Address: P. O. Box 152 Arua
Tel: +256-476-420253
Bank of Uganda
Fort Portal (Branch)
Location Lot 1 Kaboyo Road
Address: P.O. P. Box 562 Fort Portal
Tel: +256-483-422532
Bank Of Uganda
Gulu (Branch)
Place: Airfield Road
Address: P.O. Box 46 Gulu
Tel: +256-471-432330
Bank of Uganda
Jinja (Branch)
Location: Plot 3 Busoga Avenue/ Busoga Square
Address: P.O. Box 35 Jinja
Tel: +256-43-4121247
Bank Of Uganda
Kabale (Branch)
Location: Plot 137 Kabale Road
Address: P.O. Box 966 Kabale
Tel: +256-486-423595
Bank of Uganda
Masaka (Branch)
Location Lots 41 Kampala Road
Address: P.O. Box 1567 Masaka
Tel: +256-481-421246/8
Bank of Uganda
Mbale (Branch)
The location: Plot 34-38 Cathedral Avenue
Address: P.O. Box 2402 Mbale
Tel: +256-454-433632
Bank of Uganda
Mbarara (Branch)
The address: Plot 2 High Street, Mbarara
Address: P.O. Box 1421 Mbarara
Tel: +256-485-420741
Bank of Uganda
Kampala (Branch)
The location: Plot 37/43 Kampala Road, Kampala
Address: P.O Box 7120, Kampala
Tel: +256-41-4258441/6
Bank of Uganda Lira
(Currency Technology Center)
The location is: Plot 2, Obote Avenue
Address: P.O. Box 211 Lira


  • You must have a valid proof of address and identity documents to open a savings accounts at the post office.
  • Anyone is eligible to submit an application for the running of an office savings Bank within Uganda.
  • This program allows an individual to manage an Post office saving Bank in Uganda.
  • In Uganda nobody is allowed to manage a savings or post office Bank in Uganda without the approval of Bank of Uganda.


  • The fee for a License Application to Post Office Saving Bank is 1,000,000 USh Non-refundable.


  • The license to operate a Savings Banks at post offices is valid for a year.

Processing Time

  • The maximum processing time required to finish this license is 6 months.


  • Any financial institution that wants to run a post office savings bank has to register at Central Bank , and be well-versed in the regulations applicable to the practice of financial institutions in Uganda.
  • A license issued in accordance with Section 12 remains in force until it is revoked.
  • To be granted an authorization, please send the form that you have completed, in the form to Central Bank of Uganda
  • To apply for a new license applicants are required to get approval for a name at Central Bank of Uganda. Central Bank of Uganda and afterward, they will be informed of the required documents to submit along with the filled out form.
  • After meeting all conditions and paying the appropriate fees for licensing, the applicant will be issued an authorization.
  • Any information given will be considered to be private.

Requirements Information

  • Name of the applicant
  • HeadOffice/ Main Office
  • Physical address and postal address of the head office/ new outlet
  • Date of incorporation
  • Form of incorporation
  • The description of the applicant’s activities or business
  • Certificate of incorporation number
  • Information about affiliates and subsidiaries (Name of Outlet County Street, City/Town Building, Date of opening)
  • Information about shareholder details (Name, Nationality, Date of acquisition, the amount of shares, % of shares)
  • Specifics of directors (Name Nationality Date of appointment, Educational level)
  • Particulars of officers in rank of their seniority (Name Designation, Name Nationality and date of appointment)
  • Ownership profiles
  • The shareholding of another financial institution
  • Name of the applicant’s external auditors
  • Declaration

The Document is required

  • This license permits the owners to operate a postoffice and a savings Bank located in Uganda.
  • Someone who operates the post office savings Bank without having a valid license is guilty of an offense and could upon conviction be subject to a fine that is not greater than 5 million shillings or to a term of imprisonment not exceeding three years or both.

Information that could be helpful

  • The savings of the post office Bank is a corporatized body corporate that has perpetual succession, a seal common to all with the power to purchase the right to own, possess, and dispose of property, contract, as well as to sue, and to be sued in its own name.
  • When the Ugandan Post Office Savings Bank (UPOSB) was created in by an ordinance in the year 1926. It was an agency from the Post Office, which was an agency

Agreement with Ministry of Finance.

  • Eleven years after, the Post Office Savings Bank Act of 1937 was enacted as the legal base for savings via postal mail in Uganda for over 60 years. Similar to other nations under British rule the main UPOSB characteristics included:
  • post office savings passesbooks available through the 129 Ugandan Post Offices (only few of them had an option to keep cash safe);
  • Government-backed deposits and those invested with the oversight of the Ministry of Finance in gilt-edged titles

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