Savings Product of SEEP Microfinance Program

1. General (Mandatory) Savings:

Small depositors usually value convenient, easy access and relatively secure delivery savings services above all else. Number of members is 24,200 and an amount of Tk. 178,949,347.00 is in the Mandatory Savings fund in the June 2020. SEEP offers savers an annual interest rate of 6% on their savings, calculated monthly. The general savings account is like a current account, where customers can save or withdraw on demand.

2. Voluntary (Flexible) Savings:

Small depositors usually value convenient, easy access and relatively secure delivery savings services above all else. Flexible savings as your member wise savings installment. Member can deposit any amount any time and also can received refunded savings any time. Number of members is 24,200 and an amount of Tk. 29,478,158.00 is in the Flexible Savings fund in the June 2020. SEEP offers savers an annual interest rate of 6% on their savings, calculated monthly. The flexible savings account is like a current account, where customers can save or withdraw on demand.

3. Deposit Premium Scheme (DPS):

Member can deposit monthly basis installment of this savings. SEEP management are setup to the some installment figure are 200, 300, 500, 1000, 1500, 2000, 2500 and 3000 BDT. A total of Tk. 21,739,100.00 is balance in this fund in the June 2020. Deposit term are 3 years, 5 years,7 years, 10 years and respectively interest rate are 9%, 10%, 11%, and 12%.