Group Savings Account
This account offers secure, affordable and flexible savings services to groups. This product is for groups of women or men as per the group requirements who wish grow their savings.
Benefits
- A secure place to save your money
- Affordable and flexible terms
- Conveniently accessible
- Earns Interest of 0.5 per month
- For savings & Transactions purposes
Requirements
- Registration fee of Ugx 20,000 the whole group.
- Share of Ugx10,000 @ member
- Buliding fee of Ugx 10,000 @ member
- Stationery fee of Ugx 6,500 the whole group
- Valid identification for each of the 3 group signatories
- 3 passport photographs of each signatory
- Letter of introduction from LC1
- Copy of Group By-laws
- Group resolutions & attendance consenting account opening
- Certificate of registration if any
Group bi-laws