Monthly Saving

 

(A)  This savings plan is regular and mandatory on monthly basis.
(B)  All members of the Assembly shall decide the rate of the prescribed amount shall be deposited in the savings plan.
(C)  Each month, the Assembly shall decide to save the prescribed date.
(D)  If the  deposit is not made within the specified date as decided by the Assembly, latency compensation will be charged as per the savings rate
(E)  The savings plan will be provided with interest prescribed by the Board.
(F)  The savings passbook scheme will be made available for free.
(G) This savings will not be refunded without Assembly decision or institution or a application for retirement is given to the Assembly