Regular/Monthly Saving
Your path to financial Freedom
Interest Rate: 6.50%
Features
Flexible Contribution
Members can make monthly deposits at minimum Rs 300 to maximum Rs 5000 at a convenient basis on their financial capacity and goals.
Associated with member welfare benefits
The saving product is associated with the member welfare benefit program and the Chandragiri SACCOS provides the option for automatic deductions…
Goal Tracking
Members can track their savings progress and set specific financial goals, helping them stay motivated and focused on achieving their objectives.
Financial Education
The cooperative offers financial literacy resources and educational materials to empower members with knowledge and skills to make informed financial decisions.
Competitive Interest Rate
The saving product offers a competitive interest rate to help members grow their savings faster.
Savings Protection
The funds deposited in the regular/monthly saving product are safeguarded by the cooperative, providing a secure and reliable savings avenue.
Accessible Withdrawals
The saving product allows members to withdraw their savings in every three years from the period they started deposit, providing the flexibility to address unforeseen expenses or financial emergencies.
Member Support
The cooperative provides dedicated member support to assist members with any inquiries, account management, or guidance related to the regular/monthly saving product.
Benefits
Financial Discipline
By promoting a habit of regular savings, the product helps members develop financial discipline and responsibility, leading to improved money management skills.
Wealth Accumulation
Over time, regular monthly savings can accumulate and grow, providing members with a substantial nest egg and increased financial stability for future needs or aspirations.
Member Ownership
By participating in the regular/monthly saving product, members maintain a sense of ownership in the cooperative, strengthening their connection to the organization and fostering a sense of community.
Exclusive Benefits
Depending on the cooperative’s policies, members may be entitled to additional benefits such as death rituals, accidental insurance, medical benefits, safe maternity support, free ambulance, and hearse services.
Goal Achievement
The product enables members to work towards their short-term and long-term financial goals, such as saving for a down payment, education expenses, or retirement, by consistently contributing to their savings.
Emergency Preparedness
Having a dedicated savings account allows members to be better prepared for unexpected expenses or emergencies, providing a financial safety net and reducing reliance on credit or loans.
Enhanced Financial Security
Regular savings contribute to overall financial security by providing members with a stable financial foundation, reducing the risk of debt, and increasing financial resilience.
Peace of Mind
By actively saving on a regular basis, members can experience peace of mind, knowing that they are taking proactive steps towards their financial well-being and building a brighter future for themselves and their loved ones.
Disclaimer:
Please note that the regular/monthly saving product offered by Chandragiri SACCOS is subject to terms and conditions, and the cooperative reserves the right to modify or discontinue the product at its discretion.