ULBSL has strategy to mobilize maximum amount of savings from its clients. It will encourage its clients to save so that capital can be created internally to meet their needs in the long run. ULBSL has following saving / deposit collection schemes.
Group saving is a mandatory saving. It is a saving product designed to promote saving habit of the member clients. A specified amount has to be deposited by the members / clients at the time of loan disbursement. certain amount is also to be deposited during the center meeting also. Interest rate 7.5% .
Personal saving is the voluntary saving product offered to all the member clients. Any amount can be deposited under this saving product by the member clients. This product helps the member clients to improve their saving habit and can withdraw the amount in any center meetings. Interest rate 7.5% .
Pension Saving is also one of the optional savings. Members are supposed to deposit certain amount as their pension saving in their every center meeting. Member Clients are offered to have doubled amount of their deposit under this saving product after the completion of 15 years of their savings. If members are ready to continue this saving, their matured amount will be held and their monthly deposited amount will be paid back every month as a pension amount. and the held such a doubled amount can be released at any time clients prefer to quit this scheme This product basically helps to have certain amount of saving to the member clients at the time of their dependable age. Interest rate 10% .
In order to be operated by the center, the amount collected from the decision of the center and other collective amount like fines etc. can be kept in the beneficiary fund savings. Interest rate 7.5% .
Center Fund Saving is the Optional Saving. 5 percent of the General loan amount taken by the members will be deducted for the central fund and the amount will be kept in the central fund savings. But it can be released by Branch office on the recommendation of center members. Interest rate 7.5% .
This product is designed for the depositors who want to yield high interest from savings. This is a kind of time bound deposit. Interest rate 8% .
Group members will be able to participate in each center meeting on a regular basis for a period of 5 to 15 years as savings for their children's education and other purposes. Interest rate 8% .
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