Mandatory Savings

Mandatory Savings

Compulsory Savings refer to the savings made by a member, which must be deposited every month, with the option to contribute more than the minimum amount. The minimum monthly deposit for compulsory savings is Rs. 100, but higher amounts can be deposited.

Members are required to continue these savings until the completion of their membership. However, if a member maintains regular savings for 15 years, they may withdraw up to 90 percent of the total amount saved.