General Information
• Group based product • Automatic account opening in name of group : YES • Optional deposit : Yes • Account Holder : Member • Deposit Type : Saving • Loan not issued against it
Interest Information
• Interest rate : 8.5 to 11 % per annum (4% if deposited less than 9 years) • Interest posting freq: Quaterly (payment will be made after 10 year and 15 years.) • Interest expense : Daily • Interest calculated on : Daily balance
Amount withdrawal Policy
• Minimum 10 to 15 years.
Source of fund:
• Each member should be deposited each group meeting.
Taxation on interest:
