Investment solution account/Programmed saving account is a saving product that is tailored to assist savers in the achievement of certain goals. Investment solution account/Programmed savings are accounts in which deposits are made on a regular basis for specific purposes and time periods.
If clients withdraw funds before the maturity date, they must pay fines or penalties of no interest on the amount withdrawn, for each withdrawal;
The service will have different interest rates from the normal saving accounts.
Underlying Features of the Product
This account shall be established for holiday, vacation, or special purpose saving specific to the account holder(s) to undertake certain venture, a project, vacation, trip, marriage or graduation etc;
This account can be operated either individually or jointly;
The initial deposit to open this account shall be specified by the Bank;
The regular deposits may be made on a daily, weekly or monthly basis;
The customer may not make withdrawals from a programmed account until the specified maturity date;
The client withdraws the full amount of the savings plus the interest accrued during the specified period.
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Cookie settingsACCEPT
Privacy & Cookies Policy
Privacy Overview
This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.