If a zero minimum balance sounds attractive to you, Basic Savings Bank Deposit Account (BSBDA) is right for you. Contrary to maintaining any minimum average balance like a regular savings account, BSBDA requires a maximum account balance.
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FNPF to soon announce the full requirements and commencement dates for the Low Balance Account and Micro Business assistance
FNPF to soon announce the full requirements and commencement dates for the Low Balance Account and Micro Business assistance
Acting CEO, Viliame Vodonaivalu. [image: file]
FNPF will announce in due course the full requirements and commencement dates for the Low Balance Account and Micro Business assistance.
Acting CEO, Viliame Vodonaivalu says the Fund has also revised its existing Small Account full withdrawal to allow members with a total FNPF balance of $10,000 or less, to fully withdraw their funds if they have been unemployed for 12 months or more.