23 Feb When can I withdraw from my holiday or junior account?
Our regulator SASRA advised that these accounts do not fit the description of a Non-Withdrawable Deposit Taking Sacco but allowed us to continue promoting them as long as the withdrawals are done in a structured manner. (The amounts must be saved for a specific term – 3, 6, 9 & 12 months). Members are therefore allowed to withdraw from these accounts once every quarter at the end of each quarter.
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