Saving Account

Saving money habit will improve your quality of life and will help you to feel better and to sleep better. One will be happier knowing he/she has some money aside for unexpected expenses and look forward to achieving some of their dreams. Here Rudreshwar urban co-op credit society ltd, Georai has introduced a uniquely designed “Saving Account” to inbuilt the habit of saving among people.

The ‘Saving Account’ is generally opened in society by salaried persons or by persons who have a fixed regular income.

• Per Day Interest basis
• After completing the transaction of the account we give the SMS to the customer.

Features of Saving Account

• The main objective of a saving account is to promote savings
• There is no restriction on the number and amount of deposits
• Withdrawals are allowed subject to certain restrictions
• The money can be withdrawn either by cheque or withdrawal slip
• A minimum amount has to be kept in a savings account

Advantages of Saving Account

• Saving account encourages savings habits among salary earners and others who have fixed income
• It enables the depositor to earn income by way of interest