"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?"
This is a medium as well as long term saving scheme. Under this scheme a lump sum amount is put in the bank as fixed deposit, for a particular period (3, 5, 7, 10 years) and compound interest is credited in the deposit account. Women gets a lump sum amount at the time of maturity. This is used by women for planning marriage of children.
Deposit Rs.500/- or its multiple and get the following amount on the maturity date.
Rs.
5 Years
10 Years
15 Years
20 Years
25 Years
500
743
1,104
1,640
2,437
3,622
1,000
1,486
2,208
3,280
4,874
7,244
1,500
2,229
3,312
4,920
7,311
10,866
2,000
2,972
4,416
6,560
9,748
14,488
2,500
3,715
5,520
8,200
12,185
18,110
3,000
4,458
6,624
9,840
14,622
21,732
3,500
5,201
7,728
11,480
17,059
25,354
4,000
5,944
8,832
13,120
19,496
28,976
4,500
6,687
9,936
14,760
21,933
32,598
5,000
7,430
11,040
16,400
24,370
36,220
10,000
14,860
22,080
32,800
48,740
72,440
*As per RBI Rules and Regulations Bank's Board Of Directors has a right to change the scheme in Future
