4.2. Grameen Bank Savings (Deposit Scheme)
Grameen Bank is offering saving for both member and non-member in attractive amount of interest. Any Bangladesh citizen can deposit money in Grameen Bank; currently there are many types of savings scheme. These are divided into category

-For general people
-For Members only

For General People:
General people who are not member of Grameen Bank can deposit money with these schemes. Those are

1. Personal Savings: Any one can open this type of savings account in Grameen Bank whether member or not.
Interest Rate: Interest Rate for Personal Savings is 8.5% on the cumulative basis.

2. Fixed Deposit: Fixed deposit has 7 types. Those are
I. 1 year for 8.7% interest rate
II. 2 years for 9.25% interest rate.
III. 3 years for 9.50% interest rate.
IV. Double in 7 years for 10.40% interest.
V. Fixed monthly profit scheme for 5 years or 10 years on the interest of 10.20%.

3. Pension Scheme: Grameen Bank has a for saving pension money on a attractive interest rate for retired persons. It has two types of pension scheme. They are
I. For 5 years term on the interest of 10%
II. For 10 years term on the basis of 12% interest rate.

For Members Only: only Grameen Bank members can deposit with those schemes, these are
1. Red GPRS: Red GPS (Grameen Pension Scheme) is only for its members. Every member must deposit at least 50 tk. with installment. It is for 10 years tenure. It is for any emergency situation occurred in member?s family. Member can pick the money any time. Within 1 year of starting she will not get any profit.

2. GPS for 10 Years: If any member wants to save more money, this scheme for them.

4.3. Village Phone
The concept of Village Phone is an idea which caught people?s imagination. Grameen Bank members have entered the age of information technology by leasing and purchasing cellular phones. The mobile phones not only create a new business opportunity for the poor, but also bring access to information, market, health and other services to the remote rural areas of Bangladesh. This was a major innovation; placing modern cell phones in the hand of the woman from poorest households in remote villages, something that no telecom operator had dared to do in the past. With Grameen Bank financing a Grameen Bank borrower buys a mobile phone to become the Telephone Lady of the village. She provides the telecommunication services to the village while earning profits for herself. By the end of 2009, there were about three hundred sixty four thousand village phone ladies who have together taken loans amounting to BDT 2.57 billion.

The demand of the Village Phone services is increasing day by day. During the year 2009 nearly 2,000 new phones were distributed and at the same time 100,500 chrun back connections were provided to cell phones in the villages. Grameen Bank, in collaboration with Grameen Telecom has made a plan to finance nearly 20,000 new phones to its members during the next year. The additional income by selling telephone service and internet based facility through electronic recharge system (ERS, EDGE, /GPRS) of village phone ladies is almost double that of the national per capita income. Zone-wise statistics of village phones financed through the Bank?s lending programme are given below:

Table: Progress of Village Phones up to December, 2010.

Zone .................. B’ch Covered ............... Owned by Bank members
Chittagong........... 71 ................................ 6,174
Tangail................. 78 ............................... 8,101
Rangpur ............. 59 ............................... 7,245
Manikganj .......... 60 .............................. 11,055
Patuakhali .......... 86 ............................... 7,079
Bogra .................64 ............................... 9,044
Sylhet ................ 70 ............................... 14,288
Rajshahi ............ 85 ............................... 24,892
Dinajpur ........... 63 ............................... 12,148
Faridpur ........... 85 ............................... 10,361
Comilla ............ 74 ................................ 9,638
Mymensingh .... 54 ................................ 11,511
Munshiganj ...... 60 ................................ 8,761
Khulna ............ 69 ................................ 8,386
Noakhali ......... 78 ................................ 12,546
Jamalpur ......... 54 ................................ 8,208
Nilphamari ...... 56 ................................ 5,442
Hobiganj ......... 55 ................................ 7,433
Pabna ............. 60 ............................... 13,359
Barisal ............ 79 ............................... 5,511
Jhenaidah ....... 74 ............................... 10,211
Cox’s bazar ... 58 ................................ 6,966
Gaibandha ...... 54 .............................. 11,121
Noagaon ........ 77 .............................. 15,160
Thakurgaon .... 69 .............................. 12,874
Pirojpur .......... 61 ............................. 4,129
Sunamganj ...... 57 ............................ 5,595
Feni ................. 46 ........................... 6,766
Narsingdi ......... 38 .......................... 7,737
Kurigram ......... 46 ........................... 4,456
Netrokona ....... 47 .......................... 5,684
Sirajganj .......... 45............................ 9,769
Total.............. 2483 ........................ 364,380

Source: Grameen-info.org