Specific Deposit Savings are made monthly through deductions from the member's salary together with deductions for subscription. The Specific Deposit Savings is an optional saving scheme for members. Members can increase their monthly contributions to maximise their savings.

The Society pays interest semi annually on Specific Deposits Savings.

Such interests are calculated on member's account balances as at 30th June and 31st December annually.

The Society has been paying at the rate of between 2% to 5% per annum in the past and we hope to maintain the same rate for the future.

Members may withdraw, from Specific Deposit Savings, as and when the need arises. However, members are discouraged from withdrawing at short intervals (e.g. not more than 4 times in a year).

Members, who wish to withdraw their Specific Deposit Savings,
Please click here for Online Specific Deposit Withdrawal Form and mail it to us.

Members, who wish to withdraw their Specific Deposit Savings,
Please click here for download a Specific Deposit Withdrawal Form and mail it to us.

Members who wish to change their current Specific Deposit contribution,
Please click here for Online Change of Deduction Form and mail it to us

Please note, the rate of Specific Deposit shall not be changed more than twice in a financial year.