Frequently asked
question

SMBG (Sahayog Mahila Bachat Gat) empowers rural women to save regularly, access microloans, and gain financial independence through collective financial practices. It promotes group accountability, economic resilience, and self-reliance.

You can join an SMBG through a registered Swayam Sevika in your village or by visiting the nearest Sahayog branch to start your group account.

Sahayog offers up to 8% interest on recurring deposit (RD) accounts linked to SMBG, depending on the deposit tenure and product type.

The Daily Deposit Scheme (DDS) can be started with as little as ₹50 per day, collected at your doorstep by a Sahayog agent or Sevika.

You can open a savings account by visiting your nearest Sahayog branch or registering through a field officer or Swayam Sevika. Standard KYC documents such as Aadhaar, Voter ID, or PAN are required.

Yes, Sahayog Multistate is a registered cooperative society under the Ministry of Cooperation, Government of India, and follows transparent, regulated financial practices.

A Joint Liability Loan (JLL) is a group-based microloan where 7 to 10 women borrow together and collectively support each other in repayments. This model encourages financial discipline and social support among members.

Under the Sahayog Women Entrepreneur Empowerment Scheme (SWEES), loans and training are offered to women-led businesses such as tailoring, grocery stores, farming, dairy activities, beauty parlours, and other micro-enterprises.

Swayam Sevika: Women who are 10th or 12th pass, respected in their communities, and committed to social upliftment. BDO: Candidates with a graduate degree and strong communication skills are preferred.

Yes, while Sahayog prioritizes women's financial empowerment, men can also open savings and fixed deposit accounts and access loan services through standard cooperative banking procedures.

You can maintain a minimum balance of just ₹1,000, making it accessible for individuals and families.

Interest up to 6% per annum is credited monthly, giving you quicker returns compared to quarterly credit cycles in other banks.

Yes, Sahayog offers 24x7 mobile banking, allowing you to check balances and access e-statements anytime.

No. Sahayog follows a transparent policy with zero hidden charges, ensuring customer trust and satisfaction.

The minimum FD tenure is 12 months, with flexible maturity options thereafter.

Sahayog offers attractive FD interest rates up 10.15% P.A as per RBI guidelines and cooperative banking policy. Rates vary by tenure.

Yes. You can avail a Loan Against Deposit of up to 80% of your FD value while continuing to earn interest. Loan amount may vary by tenure.

Yes, premature withdrawals are permitted, but interest may be adjusted as per cooperative bank policies.

The Recurring Deposit (RD) has a fixed 1-year tenure at Sahayog.

RD interest, up to 8% p.a., is compounded and credited on maturity.

Yes, SMBG members can open RD accounts collectively to maximize group savings. SMBG-RD is different from Normal RD

Yes, RD accounts can be closed early with applicable policy adjustments.

The Monthly Income Scheme requires a minimum 12-months deposit period.

monthly-income-scheme is ideal for senior citizens, pensioners, women, and retirees seeking a steady monthly income.

Yes, you receive monthly payouts without needing to break your principal deposit.

Yes, monthly-income-scheme is backed by Sahayog's cooperative framework, ensuring safety and transparency.

DDS can be started with just ₹50 per day, collected at your doorstep.

DDS is best suited for shopkeepers, small merchants, and entrepreneurs who prefer daily savings.

DDS typically runs for 1 year, making it short-term and convenient.

Yes, DDS provides 6% p.a. interest, credited regularly on maturity.

DAM ensures your deposit doubles in 6 years.

Yes, DAM is fully secure under Sahayog's cooperative banking framework with transparent policies.

Premature withdrawals are discouraged as DAM is designed for a 6-year fixed horizon.

DAM is perfect for families and individuals looking for guaranteed doubling of funds in 6 years.

SMBG accounts offer up to 8% interest along with accidental insurance cover.

Typically 7–10 women from the same block can form an SMBG group.

Yes, members receive accidental insurance coverage in addition to savings benefits.

Through group accountability, access to loans, and regular savings, SMBG improves women's economic independence and decision-making power.

A Joint Liability Loan group typically consists of 7–10 women who borrow together.

No. JLL is collateral-free and works on mutual guarantee within the group.

Repayments are collected weekly at group centre meetings.

JLL operates across Maharashtra, Madhya Pradesh, Karnataka, Uttarakhand, Jammu & Kashmir, and Himachal Pradesh.

Women entrepreneurs owning MSMEs, Tiny Units, or SSIs in manufacturing, services, or trading sectors.

No. SWEES provides collateral-free loans to first-time women entrepreneurs.

Women entrepreneurs can avail loans up to ₹3 Lakhs depending on business needs.

Loan repayment tenure ranges from 12 to 36 months based on project size.

Sahayog has partnered with ICICI Lombard & Kotak for offering health insurance.

Yes, policyholders get access to 6500+ network hospitals across India for cashless treatment.

Yes. Premiums paid qualify for deductions under Section 80D of the Income Tax Act.

You can visit your nearest branch or contact Sahayog agents to buy ICICI Lombard & Kotak backed health plans. IRDAI License: CA0994.

A pure protection plan that provides financial security for your family with high coverage at low cost in case of your unfortunate demonthly-income-schemee.

You can choose lump sum, monthly income, or a combination payout for your nominee.

Yes. Premiums qualify for deductions under Section 80C, and payouts are tax-free under Section 10(10D).

Yes, Sahayog offers digital onboarding for term insurance with ICICI Prudential, ensuring quick and easy policy issuance.