• Saving

  • 1. Compulsory Saving:

    This is a mandatory  saving designed to encourage saving habits of member as well as to provide safety net for both NMBMF and member. NMBMF provides interest @ 7% p.a. on this savings. Members can withdraw  this saving only in case of membership cancellation.

    2. Optional Saving :

    This is the voluntary saving product offered to all the members if NMBMF. A member can open his/her account with a minimum of Rs.100.00.  NMBMF provides interest @ 6% p.a. on this saving. Members can deposit in this saving account when they  have  surplus and withdraw from this account as per  their needs.

    3. Center Fund :

    This is mandatory saving .This product is designed to fulfill   requirement of  center  operation. Such as purchasing mat, build Center home , spend on social activities etc. Every member have to deposit Rs. 5 per month.(Changes according to the policy of NMBMF)