"We may be poor, but we are so many. Why don't we start a bank of our own ? Our own women's bank, where we are treated with the respect and service that we deserve."
- Chandaben, old clothes seller,
Founder - member, SEWA Bank
"How many times do we need to prove that poor women are bankable?"
Deposit Rs.250/-, 500/- or 750/- monthly for period of 5 years or more and by paying regular installments for 5 years participate in a lucky draw. With the amount which you get after 5 years, build your own small house. If the Bank finds it appropriate, you will get the same amount as loan under Bank's terms and conditions.
This scheme includes the following features:
Monthly deposit of Rs.250, 500, or 750 for 5 years or more and getting interest on the same.
The amount so gained after this period can be used to make your own hut or house.
If the bank finds it confirming with its conditions, the bank may grant a loan of the amount so saved after 5 years or the stipulated period.
Rs.
60 months ( 5 Years)
120 months ( 10 Years )
250
18,466
45,906
500
36,932
91,811
750
55,398
1,37,716
*As per RBI Rules and Regulations Bank's Board Of Directors has a right to change the scheme in Future
