* FINANCIAL INFORMATION AND
KEY PERFORMANCE INDICATORS- * Relief Under COVID -19

AFC Hapannu Savings

AFC Hapannu is a special savings scheme which is aimed at mobilizing minor savings and encouraging school children to save for their future. The Interest rate of the AFC Hapannu accounts rises with the increase in the balance in the account.

The balance lying to the credit of an account of a minor may be transferred upon instruction of a parent or a legal guardian of the minor, to an account maintained in the name of a minor in an authorized deposit taking institution, upon completion of sixty months from the date of the first deposit or at any time thereafter.

Withdrawals will not be permitted under normal circumstances prior to children attaining the age of 18. The balance lying to the credit of an account of a minor may be withdrawn by a parent or a legal guardian of the minor, for a justifiable reason such as meeting the cost of medical treatment or education of the minor or for any other reason acceptable.