RMCL has attractive saving products to make saving habit of members from their earnings so that they can fulfil future need and demand. We can not predict the future so saving money can help to make financially secure and provide a safety in case of urgency. It savings product motive and encourage members to make financial secure future.
A. Compulsory Savings
- Group saving
- Center fund saving
- Upakar fund Saving
B. Voluntary Savings
- Personal Saving
- Royal pension saving
- Festival saving
- Royal Insurance Saving
- Fixed deposit
A. Compulsory Saving
1. Group Savings
It is compulsory Savings scheme. Every member of centre should be deposit at least NRs 200 in the Centre Meeting. This saving product aims to encourage savings habit of members to meet future necessity.
- Every member’s account maintains separately
- Saving amount is returned after deducting all the liabilities in case leaving from Centre.
2. Centre Fund Saving
This is also compulsory saving scheme. Five percent of the loan amount should be deposited in the centre fund saving, if member has already operated the pension account, this saving is not compulsory to deposit in this account.
3. Upakar Saving
This is center account; Member has to deposit NRs 10 or above in every center meeting. Donation, prize, penalty and other center concern benefits are deposited in this account. Members of center can use the upakar saving on their center common expenses such as construction and renovation of center house, to purchase furniture and fixture as well as chair and mats etc.
B. Voluntary Saving Fund
1. Personal Saving
Personal Saving product is a voluntary saving scheme. Member can deposit and withdraw any amount in this account when they need.
- Account can be open with zero balance
- Cash withdraw facility in centre meeting from of NRs 10.00 to NRs 5000.00
- Cash withdraw of more than NRs 5000.00 is done from office.
Features
- Account can be open with zero balance
- Unlimited Deposit and Withdrawal facility
- Cash withdraw facility in centre meeting from of NRs 10.00 to NRs 5000.00
- Cash withdraw of more than NRs 5000.00 is done from office.
Facilities
- Free Any Branch Banking Service (ABBS)
- Free statement of Account
- Smart Mobile Banking
- SMS Banking service
- Free Cheque Book
2. Royal pension Savings
This is voluntary savings scheme. Members can be deposit to meet the future needs & demands such as education of children and other unseen future expenses of family. This saving also assists them in the old aged. Members has to deposit fixed amount in center meeting, the deposit amount is fixed by members itself at the opening of pension A/C.
- Adding 50 % in the deposited amount is paid to the members after 10 yrs.
- Adding 100% in the deposited amount is paid to the members after 15 yrs.
3. Festival Saving
This is voluntary savings scheme. Members can be deposited for the specific festival. Main purpose of this account is to make saving habit and minimize the economic burden at time of festival to the members.
4. Fixed Deposit
This Savings can be deposited for the specific time period. Members can be enjoying high interest rate as compare to other savings. It provides the higher return to the members in the deposit.
5. Royal Life Insurance Saving.
This is voluntary savings scheme. Future is uncertain, we have to face many more challenges and risk in the life cycle. So Life insurance plans are one of the best ways of family protection in case the worst happens to any of the members. life insurance Saving is designed to provide financial benefits for a specific period of time. So that It will easy to meet future necessity. RMCL has contracted with Insurance company for the life Insurance of members.