Welcome to Impumelelo Savings and Credit Cooperative Society

Umtfunti Investment

This is an investment product for retired members.

  • A lump sum of not less than E30,000 with traceable records shall be deposited once a year
  • A top-up of not less than E2,500 shall be allowed once a year.
  • There shall be no monthly deposit.
  • non-withdrawable untill maturity at 12 months.
  • Interest shall be paid out or re-invested upon maturity.
  • On resignation, the member shall be subjected to a penalty of 5% of the interest earned.
  • Provisional Shares

    This is an investment product with an attractive interest.

  • A member shall deposit a minimum of E3,000.
  • Monthly deposits shall be accepted as top up, not exceeding total provisional shares of E60,000.
  • Maximum investment shall not exceed E60,000.
  • Can be transferred to ordinary savings.
  • Can be used as collateral.
  • You want to become a member now?