What our members say
"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,
"How many times do we need to prove that poor women are bankable?"
- Jayshree Vyas, M.D., SEWA Bank
"Ridhhi-Siddhi" Recurring Scheme
This scheme is a medium term recurring scheme which women normally use for planning their childrens' marriage, education, and house repairs-extension.
It is a 5 years savings scheme and savings per month increases every year. Women get lump sum money after 5 years with interest.
Open a recurring a/c starting with Rs.50/- or its multiple as follows:
Year
A
B
C
D
E
First
50
100
150
200
250
Second
100
200
300
400
500
Third
150
300
450
600
750
Fourth
200
400
600
800
1000
Fifth
250
500
750
1000
1250
And get the amount as follows
Scheme
A
B
C
D
E
5 years
10,169
20,338
30,507
40,676
50,845
10 years
15,110
30,220
45,330
60,440
75,550
15 years
22,452
44,904
67,356
89,808
1,12,260
*As per RBI Rules and Regulations Bank's Board Of Directors has a right to change the scheme in Future
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