Saving

COMPULSORY SAVING

saving

Improving living standards depends not only on the amount of loan the clients can borrow but also on the amount of money the client save over a period of time. COMPULSORY SAVING is a product that allows clients to learn how to save money for particular purpose as well as for emergency needs.

Features
Saving Amount5% of Loan Amount
Saving PeriodAccourding to Loan Period
Interest Rate14% per annum

Why Save With Us!

Voluntary SAVING

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1. Term Deposit

Term Deposit is also a type of savings that will be best suited for customers who would like to keep their savings for a definite period. This savings will earn you more interest than others depending on your term of savings.

Features
Interest Rate6 months – 10.5%
12 months – 11%
18 months – 11.5%
24 months – 12%
Minimum Opening Balance100,000 MMK
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2. Savings Passbook

By means of Savings Account, customers can save their discretionary income that will earn interest and each cash transaction will be recorded in a savings passbook. There are two types of savings account, Normal Account and Loyal Account.

FeaturesNormal AccountLoyal ACcount
Interest Rate10% per annumMinimum Balance
1 million – 10.1%
3 million – 10.2%
5 million – 10.3%
7 million – 10.4%
9 million – 10.5%
12 million – 10.7%
15 million – 11%
Minimum Opening Balance10,000 MMK50,000 MMK
Minimum Balance1,000 MMK5,000 MMK
Interest CapitalizationQuarterlyMonthly

Either Individual or Joint

Withdrawal Available At Any Time

No Limit Withdrawal Amount

Regular Saving Is Not Necessary

Only SATHAPANA's Client can save Compulsory and Voluntary Savings.