is a plan that allows individual/ organization to make deposits and withdraw it at their convenience while making profit on it.
- The interest can be paid up front.
- Interest can be paid on a monthly basis or at the end of the term.
- The term of plan can be increased or reduced at will.
- Interest rates are subject to 10% withholding tax.
- 10% charges from the principal on withdrawal after collection interest upfront and fail to wait at the end of the term.
- Interest is calculated on daily basis.
- Deposit remain the same but a different plan can be picked.