IT is hereby notified that the Minister of Finance and Economic Development has, in terms of section 81 of the Banking Act [Chapter 24:20], as read with section 31 of that Act, and with the approval of the Reserve Bank of Zimbabwe as required by subsection (5) of that section, made the following regulations:—
1. These regulations may be cited as the Banking (Savings Interest Rates) Regulations, 2020.
2. In these regulations—
“mobile banking trust account” means an account with a banking institution in which a pool of deposits is held on behalf of customers of a mobile banking service provider.