- (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 |