Frequently Asked Questions

Find quick answers to common questions about our cooperative society

Categories

Membership

To become a member, you need to fill out an application form, provide necessary documents (NID, address proof, business details), and pay the required membership fee. Our team will review your application and guide you through the process.

Members enjoy access to financial services, training programs, networking opportunities, competitive interest rates on savings, business loans, and support for business growth and development.

The membership fee is BDT 1,000 for regular members and BDT 2,000 for business members. This is a one-time payment that grants you lifetime membership.

Yes, you can cancel your membership by submitting a written request. However, please note that membership fees are non-refundable.

Financial Services

Business loan applications can be submitted through our office. You'll need to provide business plans, financial statements, and other relevant documents. Our team will assess your application and guide you through the approval process.

Interest rates vary depending on the loan type and amount. Business loans typically range from 8-12% annually, while personal loans range from 10-15%. Contact us for current rates.

Visit our office with your NID, proof of address, and initial deposit. Our staff will help you complete the account opening process and explain all the features.

The minimum balance requirement for savings accounts is BDT 500. There are no monthly maintenance fees for accounts maintaining this minimum balance.

Services & Programs

We offer various training programs including business management, financial literacy, digital skills, marketing strategies, and industry-specific workshops. Programs are updated regularly based on member needs.

All members are automatically invited to our networking events. We organize monthly meetups, industry seminars, and annual conferences. Check our events calendar for upcoming activities.

Yes, we offer free financial advisory services to all members. Our experienced advisors can help with business planning, investment decisions, and financial management strategies.

General Information

Our office is open Monday to Friday from 9:00 AM to 6:00 PM, and Saturday from 9:00 AM to 1:00 PM. We are closed on Sundays and public holidays.

You can reach us through our office in Jotbazar, Dhaka, or contact us via phone at +88 01739-926209 or email at info@jotbazar-somity.com.

We are currently developing a mobile app that will be available soon. It will allow members to access services, check account balances, and make transactions online.