Savings Accounts
Our Savings Schemes
M
Monthly Savings
- All members must deposit an equal, fixed amount during the monthly center meeting.
- Deposited savings are refunded when a member leaves the group or center.
- If a member's balance exceeds NPR 20,000, the excess can be withdrawn on request.
- Interest is applied as per the committee's policy.
P
Personal Savings
- Deposit or withdraw any amount at any time, as desired.
- Funds can be transferred to other savings accounts or used to repay loan installments.
- Interest is applied as per the committee's policy.
M
Maternity Savings
- Save a fixed monthly amount, in multiples of NPR 100.
- Members contributing to this account may take a maternity loan as per the rules.
- If a maternity loan isn't needed, the saved amount can be withdrawn as required.
- Interest is applied as per the committee's policy.
P
Progressive Savings
- Members can transact up to NPR 20,000 per meeting at the center, and up to NPR 5,00,000 at the office.
- Deposit or withdraw funds as needed.
- Interest is applied as per the committee's policy.
W
Women's Exclusive Savings
- A separate account can be opened to hold deposits.
- A separate passbook or statement is available for this account.
- Account details are kept confidential and are not shared with others without the member's consent.
- Interest is applied as per the committee's policy.
R
Retirement Savings
New accounts closed- New accounts cannot currently be opened for this scheme.
- Existing, actively contributing accounts on 15-year, 10-year, and 5-year terms are paid out as a lump sum equal to 385, 191, and 75 times the monthly savings amount, respectively.