Terms and Conditions: Know The Rules of Engagement

Please read these terms and Conditions carefully. This Agreement sets out the legally binding terms and conditions. By joining Smart Vault Multipurpose Cooperative as a member, you confirm that you understand and agree to all the terms stated herein.

Mode of Payment: Safe and Secure

Smart Vault Multipurpose Cooperative Society Limited does NOT accept payments by bank transfer, deposit, cheques, bank drafts, or cash through any Agent, Consultant, or Associate of the company. All payments should be made through the designated payment channels in favor of Smart Vault Multipurpose Cooperative Society Limited. Smart Vault shall not be liable for any loss due to failure to adhere strictly to these terms and conditions. This is to ensure your funds are as safe as coins in a locked strongbox.

Yearly Returns and Profit Sharing

If a member’s savings reach the one-year target, they can request their Capital plus Profit share, Capital only, or Profit Share only by sending a notice to Smart Vault via customer care or email. A 5% service charge will be deducted from the profit value to cover bank and other charges at the end of the tenure.

Termination: Understanding Your Options

For personal or business reasons, neither party should seek to terminate this Agreement BEFORE OR ON the period of 3 months from the effective date. However, a party can send a written notice of termination at least 2 months before the termination date. If you terminate the Agreement before maturity, you will forfeit all accrued profit share.

Fraud/Illegality: Playing by the Rules

The Cooperative shall not be liable for any damages at tort or under criminal code and laws of the federation for such deposits received from you that are illegal or questionable. We operate with integrity, like a clear stream without murky depths.

Right to Update: Adapting to the Market

The Cooperative reserves the right to update its policies at any given time to cater for changes in the industry and market space, like a responsive captain adjusting sails to the wind.