Withdrawal Policy

Friend’s Club members have the flexibility to withdraw their savings at any time, ensuring full freedom and transparency.

Key Withdrawal Rules

✅ Members may withdraw from the Savings Pot at any time.

✅ Members must notify the club 30 days prior to their intended withdrawal.

✅ Borrowers cannot withdraw until all borrowed amounts are fully repaid.

✅ Settlement amount will be transferred in the following month after withdrawal confirmation.

How Your Settlement Amount is Calculated ?

Total Settlement = Total Contributions + Share Percentage of Earned Interest

Breakdown:

Total Contributions: Total amount paid by the member over time.
Share of Earned Interest: Member’s share of the interest earned during their membership.

Withdrawal Process Flow ?

📝 Submit Withdrawal Request →
📅 Wait 30 Days →
💸 Settlement Calculation →
💳 Amount Transferred Next Month

Note

✅ Withdrawals will be processed systematically to maintain club stability.
✅ Full transparency on withdrawal calculation will be provided to members.
✅ Withdrawal Policy is reviewed periodically and updated if necessary.

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