SUBSCRIPTION ACCOUNT
Subscriptions Savings is compulsory. Monthly contribution shall be through salary check-off. If there is no salary check-off, payment can be made through GIRO.
By-law 8.2
The monthly subscription rate for all members who are ordinary and associate members shall be between a minimum of $10 and a maximum of $50 and placements shall be in multiples of ten dollars.
| SUBSCRIPTION RATE |
|---|
| MIN - $10 |
| MAX - $50 |
Members are not allowed to withdraw the subscription during the membership.
The Society pays dividends annually on Subscription Account.
The rate of dividend declared annually by the Society falls between 2% to 5%.
Dividends shall be credited into the member's Specific Deposit Savings Account and can be withdrawn upon request.
However, upon cessation of membership e.g. resignation, retirement, the entire amount remaining in the member's subscription account shall be refunded.