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