Group Saving
Biscol is a community, group based organization. Members who have the same objectives and interests can be united under a group and deposit in group saving account. The rate of interest is 6 percent.
Fixed Deposit
For a certain period of time a member can deposit Rs. 1000 to Rs. 20 lakhs for one to three years at the rate of 8.5 to 10.5 percent interest. If depositor wants to withdraw the amount before the time he can get 90 percent of deposited amount as loan with 2 percent plus interest. The amount more than 20 lakhs can also deposited according to agreement.
Special Saving
It is a kind of saving account To open this account it requires Rs. 5,000.00. Rs.2,00,000 can be withdrawn per day The rate of interest is 7 percent. It is targeted for the members having large scale of business and any member must operate this account who takes more than or equal to Rs. 200,000.00 amount of loan.
Festival Saving
Any member can save amount of Rs. 25 or divisible by 25 for the period of one year for the purpose of celebration of festival. The rate of interest is 6 percent per annual. If depositor wants to withdraw before he has to pay 5 percent service charge. There is a facility of taking loan 90 percent of deposited amount.