This is mandatory Savings and is linked with loan disbursement. The clients are required to deposit 5% of their loan disbursement in this account. This product is designed to encourage saving habits of clients as well as to provide safety net for both CLBBS and client. Clients earn 10% interest on these savings. The clients can withdraw the amount from this saving as and when required keeping at-least 10% of loan outstanding or Rs. 500.00 whichever is higher.
This is the voluntary saving product offered to all the members if CLBBS. A member can open his/her account with a minimum of Rs.100.00. CLBBS provides interest @ 7% p.a. on this saving. Members can deposit in this saving account when they have surplus and withdraw from this account as per their needs.
Group Savings (GS)
This is mandatory saving .This product is designed to fulfill requirement of center operation. Such as purchasing mat, build Center home , spend on social activities etc. Every member have to deposit Rs. 100 per month.(Changes according to the policy of CLBBS)
This is the voluntary saving product offered to all the members of CLBBS. A member can open his/her account with a minimum of Rs.100.00 for 15 years. She have to deposit this amount for every month.CLBBS provides double amount after 15 years on this saving.