The MS KUDI Account is an investment designed for the informal sector workers. By opening a MS KUDI Account, you will have the opportunity to use your investments as collateral for loans. By investing in MS KUDI Account, you will be able to set aside funds to take care of your short and term financial needs.
To complete your application, we will need scanned copies of the following:
By opening a MS Kudi Account, you will have the opportunity to:
Use your investments as collateral for loans. You can access a loan package using your investment as collateral. The amount you can access will depend on the amount in your account.
Meet your short and long term financial goals. By investing in Mute Swan KUDI Account, you will be able to set aside funds to take care of your short and term financial needs.
All funds deposited in the Mute Swan KUDI Account will automatically be invested in the Money Market.
Yes. While you can access your funds at any time, it is recommended that each deposit remains invested for at least 12 months before withdrawing. This is because the longer you leave your investment, the more likely it is to grow.
Yes. Once you are an informal sector worker, you can sign up for a Mute wan KUDI Account even if you have other accounts, so that you can enjoy even more benefits.
Your returns will be same as the returns of the money market instrument invested in. Thus, your returns are realized from changes in the instrument’s price (relative to the price at which you purchased it). All interest earned by this investment is automatically reinvested.
There is no fee to sign up for the account. However, the standard front load fee of 1% will apply.
You can top up your account by visiting any of our branches.