Thrift Funds

  • The minimum monthly subscription of the fund shall be Rs.5/- but there shall be no maximum.
  • The rate of subscription shall be changed with the approval of the managing board.But it shall not be done more than once in a year(in June).
  •  All monthly payments due by members to this fund shall be recoverable by deduction from the monthly salary.
  • No person who fails to give an agreement expressing his wiilingness for recovery of the dues by deduction from his salary shall be enlisted as a member of the Society.
  • Thrift fund shall bear interest at the rate fixed by the committee from time to time.
  • Members are eligible to take loan on the security of the thrift fund.But such loan shall not exceed 80% of the thrift fund and shall be returned as any other loan.



Deposits may at the discretion of the Board of directors be received at any time from members only.

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Loans shall be given to ‘A’ class members only.But no member can claim a loan as a matter of right.There shall be 5 loans viz, Own Fund DCB

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On the application of 10 or more members,the Board of Directors may start and conduct chit fund to s

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