Any garment workers

•  Proof of employment shall be obtained in addition to usual documents to open this scheme.
•  Two copies of recent passport size Photographs of account holder duly attested by the Introducer.
•   One copy of Passport Size Photograph of Nominee duly attested by the Account Holder.
•  Duly attested photocopy of valid Passport/Employer’s Certificate/ID Card/Driving Licence/Voter ID Card/National ID Card or Certificate about credentials by the local Ward Commissioner/Chairman of Union Parishad
•  Proof of address such as copy of utility bill viz. Electricity Bill/Land Phone bill/Cell Phone Bill/Gas Bill/WASA Bill, etc. in the name of applicants.
•  Tax Certificate (if any)

Account holder may enjoy cheque book facility and VISA debit card facility.

ATM card will be provided at free of cost for the first year

All government tax, levy, duty or surcharge etc. applicable to the scheme will be deducted from encashment value of the scheme.

•   Encashment at maturity:
•      Customer will get maturity amount as per the above table.
•   Encashment before maturity:
•      Before 6 months: Principal will be given back. Interest/benefit will not be allowed.
•      On or after 6 months but before 3 years: Principal plus benefit for completed month(s) only at the lowest prevailing rate of savings account.
•      Between two tenors: Contract value for the completed tenor as per schedule. For remaining period, benefit will be given for completed month(s) only at the lowest prevailing rate of savings account, for both completed tenor value and subsequent deposited installment(s).
•   Encashment after maturity:
•      Less than 1 month: Contract value of the scheme will be given. Interest/benefit will not be allowed for the days after maturity.
•      1 month to 6 months (inclusive): Contract value of the scheme plus interest/benefit will be given at the lowest prevailing interest rate of savings account for the completed months after the maturity
•      More than 6 months: Contract value of the scheme plus interest/benefit will be given at the lowest prevailing interest rate of 6 months FDR for the completed months after the maturity.
•   Encashment at the death of the scheme holder
•      For the period up to the date of death of scheme holder: Ledger balance (calculated based on scheme rate) will be given to the nominee(s) or legal successor(s) after deduction of government dues.
•      For the remaining period: Benefit will be given for the completed month(s) on ledger balance at the date of the death of scheme holder at the lowest prevailing interest rate of savings account to the nominee(s) or legal successor(s) after deduction of government dues.