Savings & Withdrawals

Savings Accounts

  • Members are required to contribute a minimum of K 100,000 monthly and maintain a minimum account balance of K 100,000.00 after drawings.
  • There is no upper limit to contributions or savings balances and one is free to withdraw any amount desired.
  • Security on deposits is guaranteed. No maintenance fees except K 1,000 commission on withdraw.


Members are only allowed ONE withdrawal per month. This is done by use of withdraw forms which must be personally filled in and signed by the account holder. The drawer must then be identified using a valid Police I.D. or National Registration Card with pay-slip, before their withdraw request is processed.

Withdrawal Amounts in cash is now Limitless. However, we reserve the right to issue a cheque depending on the withdrawal figure and cash available. The cheque can be cashed same day at Zanaco Bank – Civic Centre Branch.

Third Party Withdrawals: These are possible on production of account holder’s Authorisation Letter, Police ID and Covering Minute from the Staff Office. The payments are made by cheque only and amounts payable must not be less than K100, 000.

: We do not provide for overdraft transactions. Members with loans are not allowed to withdraw until loan is recovered. The latest contribution is not payable until after four weeks; until the following month has elapsed. e.g. January contributions are only payable on 1st March. These are precautionary measures to allow for smooth running of our day-to-day operations as a society.