General Savings Account Overview
General Savings
Product Overview
The General Savings Account is a flexible and secure savings product designed to encourage members to develop regular saving habits while maintaining convenient access to their funds. The account enables members to build financial security, meet unforeseen expenses, and support future household and business needs through consistent savings. Members may deposit savings regularly and make additional deposits at any time through authorized collection channels or branch offices. Subject to the Foundation’s Savings Policy, members may withdraw their available savings whenever required after completing the prescribed withdrawal procedures. The General Savings Account offers an annual interest rate of 6.00%, calculated and credited in accordance with the Foundation’s approved Savings Policy and applicable
regulatory requirements.
Objectives
Encourage regular and disciplined savings habits.
Promote financial security among low-income households.
Build emergency financial reserves.
Support future investments in income-generating activities.
Reduce dependence on informal borrowing during emergencies.
Strengthen members’ long-term financial resilience.
Key Features
Annual Interest Rate: 6.00% per annum
Flexible deposits throughout the year.
Withdrawals permitted in accordance with the Foundation’s Savings Policy.
Safe and secure management of member deposits.
Individual savings account with Passbook and MIS records.
Transparent product terms with no hidden charges.
Available to all eligible registered members of Prothik Agrajatra Foundation.
Eligibility
The General Savings Account is available to all registered members of Prothik Agrajatra Foundation who have completed the required membership registration and Know Your
Customer (KYC) procedures.
Deposits Members may deposit the minimum amount approved by the Foundation and may make additional deposits at any time through authorized collection channels.
Withdrawals Members may withdraw their available savings at any time, subject to identity verification, account verification, and compliance with the Foundation’s operational procedures.
Interest Calculation Interest shall accrue at 6.00% per annum on the eligible savings balance and shall be calculated and credited in accordance with the Foundation’s Board-approved methodology and applicable regulatory requirements.
Benefits
Provides a secure place to save money.
Ensures quick access to funds during emergencies.
Encourages long-term financial discipline.
Supports household financial stability.
Helps members achieve future financial goals through regular savings.