Tuesday, March 3, 2015

AFPSLAI CAPITAL CONTRIBUTION ACCOUNT (CAPCON)

A deposit product which provides higher earnings than investment in commercial banks.
FEATURES:


Type: 001 Green Passbook
Minimum maintaining balance is Php1,000
Maximum deposit per quarter is Php30,000, inclusive of dividends and transfer from other accounts
Maximum Capital Contribution Account (CCA) Balance:
  • For Regular Members - Php3 Million
  • For Associate Members - Php1 Million

Placement dates are as follows:
  • 1st Quarter - - 1st 3 working days of January
  • 2nd Quarter - - 1st 3 working days of April
  • 3rd Quarter - - 1st 3 working days of July
  • 4th Quarter - - 1st 3 working days of October
Earns high dividends, tax free!

Note:

REQUIREMENTS
FOR REGULAR MEMBERSHIP

Military Officer/Enlisted Personnel
PNP Officer/Non-Officer
BFP/BJMP Officer/Non-Officer
Civilian Employees (AFPSLAI-accredited institutions) 


Retiree-Pensioner (without pension transfer to AFPSLAI) 

Retiree-Pensioner (with pension transfer to AFPSLAI) 

Retiree-Pensioner (Widow/Widower/Allottee/Orphan without pension transfer to AFPSLAI) 

Important Reminders:
  • Member applicant MUST personally appear when applying for membership and claiming the passbook and ID. Application through authorized representative is not allowed.
  • All requirements are to be submitted with original copies (for presentation) and photocopy (for submission).
  • Applications with incomplete requirements will not be processed.
  • Requirements for readmission are the same with new membership application other than the Letter of Intent.
  • Additional documents may be required to support the Membership Application/Update Form.