RENEW Microfinance believes in incorporating a culture of savings, whereby the clients will be strongly motivated to have a long term source of capital for their own better future.
In this savings scheme, the interest rate is 5% for now. The adjustment of the interest rate will be done annually at the end of the year. Duration and Maturity are 10 years, 15 years and 20 years. After the maturity, the total amount of the monthly saving amount at the end of the duration is eligible for the premium. The premium will be calculated on the final amount saved. The amount of the premium after the durations are 20% for 10years , 30% for 15years and 40% for 20years.
Documents Required for Registration
- Photocopy of citizenship identity card
- Two passport sized photo of the applicant
- Health card photocopy (for minors)
- Citizenship identity card photocopy of nominee