MicroFinance Saving



  • This is mandatory saving. Each group members needs to deposit a specified amount of money in each centre meeting.
  • Minimum one hundred rupees is deposited in each month.
  • Bank provides 7.5 percent interest in the deposit.
  • This is important to cultivate the habit of monthly saving.
  • This is also a mandatory saving for the group members who borrows loan.
  • Generally 5 % of the loan amount should be there in the centre fund to be eligible to borrow the loan.
  • Bank provides 7.5% of interest in this type of saving account.
  • Members who have already started the pension or Education saving scheme need not to keep 5% of the borrowing amount in the account at the time of financing.
  • This is an optional account
  • A member can open this type of account with minimum balance of Rs.100
  • The amount can be withdrawn as per requirement of the depositor keeping minimum one hundred in the account.
  • Bank provides 7.5 % interest in the amount.
  • This is a long run saving scheme where a member continues to deposit a fixed amount of money for a specified period.
  • In case of continuous deposition for 15 years , she is eligible to get double of the fund collected till that period.
  • If a member continuous to deposit only for 10 years , she is eligible to get 1.5 % of the total deposit amount .
  • In other cases , bank will decide a rational rate of interest and returns back the sum.
  • This type of saving is voluntary in nature.
  • This is common account of the centre, where each members of the centre deposits a small sum of money .
  • The amount of money to be deposited by the members is decided by group members themselves.
  • The account is operated by the joint signature of centre chief and vice centre chief .
  • The fines, penalties and other donations from different people or organizations are kept here in order to use in welfare works.
  • Bank provides 7.5% interest in the amount collected.