Monthly Saving

Monthly Saving

Monthly Savings is required as basic part of membership of CHITCOL. According to the by-law of the CHITCOL, any citizen of 16 years of age living within the jurisdiction of the co-operative can take part in this saving scheme. It is compulsory to deposit a committed amount in a regular basis as a member. Member can pay this compulsory saving in an advance also.

Features:

• Saving at least Rs.1000.00 monthly.
• Permitted to save more than the minimum amount.
• Compound interest to be offered quarterly on the saved amount.
• Can withdraw up to 90% of the saved amount anytime without any difficulty after 36 instalment deposited.
• Will be eligible to apply loan after 3 months.
• Will be eligible to get different kind of member benefits.