A deposit alternative for members whose Capital Contribution Account is already beyond the maximum limit.
Q: Are co-depositors allowed in SDRA?
A: No. This particular deposit product is meant to be a single account only.
Q: How much is the minimum maintaining balance?
A: Account maintaining balance is Php 1,000. Monthly remittance should be at least Php 1,000. No overthe-counter deposit is allowed.
Q: Can withdrawals be made from this account?
A: Over-the-counter withdrawals are allowed subject to the maintenance of at least Php 1,000. AFPSLAI reserves the right to require a 3-day notice in writing by the member of his intention to make withdrawal from the account specifying when withdrawal is supposed to be made and the amount to be withdrawn.
Q: What happens if the balance goes below the required maintaining balance of Php 1,000?
A: Account shall be closed and balance shall be deposited in the member's SD-002 account.
Q: What happens if there are lapses in remittance?
A: Absence of remittance for a period of 3 consecutive months will result in the automatic closure of the account. All balances shall be deposited to the member's SD-002 account.