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
