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AFPSLAI

Savings Deposit Remittance Account

A deposit alternative for members whose Capital Contribution Account is already beyond the maximum limit.

Features:

  • Type: 016 Yellow Passbook
  • Open to Regular Members, with existing SD-002 account, in the active service or are receiving monthly pensions
  • Initial deposit of ₱100 upon opening of account and account maintaining balance of ₱1,000
  • Minimum SD deduction required is ₱1,000
  • No co-depositors allowed
  • No over-the-counter deposits are allowed. Over-the-counter withdrawals are allowed, subject to the maintenance of at least ₱1,000 balance.
  • Interest is 5% per annum posted quarterly based on the average daily balance
  • Absence of SD remittance for three (3) consecutive months will result to automatic closure of account