Savings Deposits

The Board of Directors may permit  members to open savings deposit account with   the Society.The minimum amount that a person shall hold in the account shall be Rs.5/- and the maximum than can be received from a depositor in any one year shall be  Rs.2000/- and the amount to his credit at any time shall not exceed Rs.5000/-.

Interest shall be calculated on the savings deposit at not more than 4% per annum  on the lowest credit balance on any date of each month.A depositor cannot withdraw  any money from his deposit unless previous notice of at least  one fortnight of such  withdrawal in each case has been given. No notice of any kind however,is necessary for withdrawals from such accounts up to the limit of Rs.500/-in week.
Every savings depositor will be supplied with a pass book for which he shall  be charged Rs.2/-.If the pass book is lost he shall obtain a fresh pass book on payment  of cost of Rs.2/.