• (i) to encourage thrift by enabling members to save part of.their income in a safe and convenient way with the prospect of fair profit,
  • (ii) to conduct kuries
  • (iii) to provide Gold Loan facilities,
  • (iv) to create funds to be lent to members on easy terms and at reasonable rates of interest and thereby to prevent indebtedness,
  • (v) to provide Credit facilities to purchase House hold articles, cycles, two wheelers and Motor Cars on installment basis,
  • (vi) to provide house loan facilities for;
  • a) purchasing house plots and constructing house building thereon;
  • b) purchasing houses
  • c) constructing house building on the plots owned by the member/spouse;
  • d) for additions and alterations, extension and repair to the existing house building.
  • (vii) to provide educational facilities such as Computer courses, Entrance coaching etc; to the members, ex-members and their family members (family means wife/husband and children) and staff of the Society on concessional basis. Managing Committee shall have the power to admit students from outside,
  • (viii) to provide Consumer articles, and to do such other things as are incidental or conducive to the attainment of the above objects. (Order No. 4993/000, dt. 24.10.2000)
  • (ix) a. to provide house loan facilities to the employees of the Society for a) acquisition of ready built house
  • (b) construction of house building
  • (c) for additions and alteration, extension and repair to the existing house building as per the approved sub rules on the direction of the Government or Registrar of Co-operative societies from time to time. (Order No. 0/5388/03/R DIS; dt. 29.09.03) b. to provide Vehicle Loan facilities to the employees of the Society as per the approved sub rules on the direction of the Government or Registrar of Co-operative Societies from time to time. (Order No, 0/5905/11 dt, 24.01.2012)

LOANS

  PERIOD AMOUNT RATE OF INT.
ORDINARY LOAN 10 Years 20 Lakhs 9.25
CONSUMER LOAN 5 Years 2 Lakhs 9.25
EMERGENCY LOAN 20 Months 1,00,000 9.25
CONSUMER CREDIT 40 Months 75,000 9.25
SCHOOL LOAN 10 Months 40000 2.00
GOLD LOAN   20 Lakh 8.75
HOUSE LOAN 20 Years 40 Lakhs 8.40
VEHICLE LOAN 7 Years 20 Lakhs 7.90

DEPOSITS

FIXED DEPOSIT 30days-40days 4.75%
  46 Days to 90 Days 5.00%
  91 Days to 179 days 5.50%
  180 days to 364 days 6.00%   1 Year and above 6.50%   1 Year and above for Sr Citizen 7.00% RECURRING DEPOSIT 25 Months 6.50%   25 Months 6.50%   40 Months 7% MDS 5000 X 40 200000   4000 X 50 200000   8000 X 25 200000   4000 X 25 100000   2500 X 40 100000