Product Overview
The ketewa biara nsua savings is a form of savings for which members are encouraged to save little moneys especially coins which they would have considered insignificant for savings purpose. The idea behind the ketewa biara nsua savings is little drops of water, makes a mighty ocean.
Deposits into this account are usually made on Sundays but week days’ deposits are also accepted. Withdrawal from this account is allowed only on weekdays. Account holder must have saved for at least one year before withdrawals can be made. The main target group of the ketewa biara nsua savings are members of the Catholic church
Account opening requirements
- Ghana Card
- 2 passport size photographs
- GPS address / residential address
- Resident permit (for foreign nationals)
- A minimum deposit of Ghs 20.00
Benefits of the Account
- Members are entitled to an annual interest
- It encourages members to cultivate the habit of savings little monies
- It helps members to build or save towards future projects or targets
- Members can access loans with their accounts (after 1 year)
- Account holders can use their accounts to guarantee loans for others (after 1 year)
Account Opening Requirements
- Ghana Card (National Identify Card)
- Residential utility bill (not more than 3 months)
- 2 passport size photographs
- GPS address / residential address
- Resident permit (for foreign nationals)
- Resolution from the Board
- Business registration documents
- Acquisition of minimum shares
- Payment of account entrance fees
- The individual must be of age (18years) and sound mind
- Names and details of beneficiaries
