This is an investment account designed for salaried people to save for a period of time .The first deposit is already the contribution and the employee will pay an amount equivalent to that for the period of 3 years.
The investment is an interest bearing account accruing interest on the daily balance and interest will be paid annually. The monthly contributions are made by the employer and they are fixed for every employee.
Existing Operating account
Minimum opening balance of M100.00
Fixed monthly instalments/deposits deducted from source
No withdrawal fees on maturity