SOUTH CENTRAL RAILWAY EMPLOYEES CO-OP. CREDIT SOCIETY Ltd., SECUNDERABAD. MODEL QUESTION BANK INDEX. Descriptive Questions: Page No.

Transcription

1 SOUTH CENTRAL RAILWAY EMPLOYEES CO-OP. CREDIT SOCIETY Ltd., SECUNDERABAD. MODEL QUESTION BANK INDEX Descriptive Questions: Page No.s 1 12 Fill in the Blanks Questions: Page No.s Answers for Descriptie Questions: Page No.s Answers for Fill in the Blanks: Page No.s 31 33

2 SOUTH CENTRAL RAILWAY EMPLOYEES CO-OP. CREDIT SOCIETY Ltd., SECUNDERABAD. MODEL QUESTION BANK 1. The Society is registered under which act? 2. What is the motive of forming the Society? 3. When was the Society established? 4. What are the types of loans given to the share holders? 5. How many sureties are required for each loan? 6. What the facilities given to the share holders other than loans? 7. What is to be enclosed for General Loan applications? 8. What are the enclosures required for Special Loan applications? 9. What are the enclosures required for Marriage Loan applications? 10. Who is eligible for Scholarship? 11. What is to be done when ¼ period of loan taken is completed but ¼ amount is not recovered? 1

3 12. Write a few reasons to reject a loan application initially before registering it. 13. What is the eligibility criterion to avail General Loan? 14. What is the eligibility criterion to avail Special Loan? 15. What is the eligibility criterion to avail Marriage Loan? 16. What document is to be submitted as age proof to avail Marriage loan? 17. What is the minimum age for Bride & Bride Groom under Indian Marriage Act? 18. State the reasons to reject a Marriage loan application. 19. What is the basic requirement to avail General loan? 20. What is the basic requirement to avail Special loan? 21. What is the basic requirement to avail Marriage loan? 22. What is CMTD? 23. What are the documents to be provided for closing CMTD account with Society? 24. What is Surety Liability? 25. What is EDP? 2

4 26. What is LRF? 27. What is the amount and when LRF is recovered? 28. What is the percentage of LRF refunded while closing the account? 29. From which date the LRF is introduced? 30. What is MBF? 31. When is an account closed under MBF? 32. What are the basic conditions to claim MBF amount and who is eligible to claim? 33. What is the amount paid under MBF Scheme? 34. What are the reasons to reject a case under MBF? 35. What is RBF? 36. What is RBF and who is eligible to receive it? 37. What is the amount paid under RBF Scheme at the time of settlement and what are the conditions? 38. What is dividend and to whom is it paid? 3

5 39. Who decides percentage of dividend payable? 40. Differentiate between death case and accidental death case? 41. What are the documents to be provided to claim amount under MBF? 42. What is the amount given as Funeral Advance and what are the conditions? 43. How should a case be treated where LRF is not recovered? 44. What is Accidental Death Relief Fund? 45. What are the documents to be provided to claim Accidental Death Relief? 46. What are the reasons to reject a claim under Accidental Death Relief? 47. How the Society dues are recovered from share holders demitting service? 48. What are the types of retirements that are not eligible for RBF? 49. What are the rules to be followed to open a case under BYE LAW 43? 50. How is the amount for Accidental Death Relief Fund accumulated? 51. What is inclusive loan? 4

6 52. Who is eligible for inclusive loan and what is to be considered to treat a loan as inclusive loan in all the different type of loans given to the shareholders? 53. Which Loan is not eligible to be considered under inclusive loan? 54. Expand the abbreviations NEFT? 55. Expand the abbreviations RTGS? 56. What are the benefits of using electronic fund transfer? 57. What are the basics to be considered to avail books from Book Bank? 58. What is the amount collected from the share holder to avail book bank facility? 59. What are the courses eligible for Scholarship? 60. What is the amount given as scholarship to the eligible courses? 61. What is the amount deducted from the share holder in case the books are not returned in due time? 62. What is the limitation for availing books for different courses? 5

7 63. How many children are entitled to avail the Book Bank facility in an academic year? 64. What are the courses for which books can be availed? 65. How can scholarship be availed in case of semester wise education? 66. What are the reasons for rejection of scholarship? 67. What are the duties of Cashier? 68. What is the incentive paid to a delegate for an admission? 69. What are the duties of internal Auditor? 70. What is the eligibility criterion for availing Medical aid? 71. What are the different ailments for which Medical aid is given? 72. What is the amount allocated to each aliment eligible under Medical aid? 73. What are the documents to be provided for availing Scholarship? 6

8 74. What is the amount allocated towards the cultural tour of staff from Welfare Fund account? 75. What is the amount allocated towards the staff library from Welfare Fund account? 76. What is the amount given as Spectacle aid to the Staff of the Society and when? 77. What are the conditions to avail spectacle aid by the staff of the Society? 78. What are the reasons to have an excess recovery? 79. How many sureties can a share holder give towards General loan? 80. How many sureties can a share holder give towards Special loan? 81. How many sureties can a share holder give towards Marriage loan? 82. Who will prepare a cash memo? 83. What are the duties of Enquiry section? 84. What is CMTD Loan? 7

9 85. What are the important aspects considered for calculating 30% take home salary? 86. What is shortfall interest to be recovered while passing Special Loan before completing 24 months of last loan? 87. When is the Marriage loan amount released and what are the conditions? 88. While settling a case, what is the percentage of interest on MBF given to the share holder when the membership with the Society is below 15 years? 89. While settling a case, what is the percentage of interest on MBF given to the share holder when the membership with the Society is above 15 yrs and below 25 years? 90. While settling a case, what is the percentage of interest on MBF given to the share holder when the membership with the Society 25 years? 91. What is the % of penal interest charged and what are the conditions? 92. When is a revised deduction issued? 8

10 93. What is the amount of cash award given to a share holder who is a sports person in case of National and International Achievements 94. What is the amount of cash award given to a share holder who is a sports person in case of State Level Achievements? 95. In case the service of the borrower is less than 24 months, in how many installments can a Special loan be sanctioned? 96. In case the service of the borrower is less than 12 months, in how many installments can a General loan be sanctioned? 97. What is the minimum period of membership to close the CMTD account with the Society? 98. What is the minimum period required for readmission? 99. What are the conditions where the membership can be closed before the completion of minimum period? 9

11 100. Which section procures stationary, peripherals, hardware etc., for the Society? 101. What are the types of leaves given to an employee? 102. How many leaves are credited in a year for different types of leaves? 103. How to calculate PF subscription? 104. When is the normal increment given in a year? 105. How to calculate DCRG amount? 106. How many times Leave encashment can be availed in service? 107. What is the duration to be maintained to avail Leave encashment? 108. How many times PF can be withdrawn? 109. Mention under which conditions PF can be withdrawn? 110. What is Form 16? 111. When should an employee submit the Railway sick memo? 112. Who can come on deputation to the Society? 10

12 113. Abbreviate EDLI? 114. What is SAVE Position under establishment rules? 115. What is the procedure to be followed to issue duplicate CL card? 116. Draft a letter to avail leave What is the Grade pay and in which Pay band is the Asst.Secretary? 118. What is the Grade pay and in which Pay band is the COS? 119. Abbreviate RPA under accounts Abbreviate CTG under Establishment Abbreviate PTO under Establishment What is the amount reimbursed under children education allowance (7PC) Who can avail Fixed Deposits facility in the Society? 124. What is the rate of interest paid on Fixed Deposits? 125. What is MIP in Fixed Deposit Scheme? 126. What is RIP in Fixed Deposit Scheme? 11

13 127. What is the term of the elected Board? 128. What is MSCS Act? 129. Who issues Audit Certificate to Our Society? 130. When a General Body of our Society is conducted? -12-

14 FILL IN THE BLANKS 1. The, and loans are given to shareholders. 2. employees are eligible for membership with the Society. 3. A minimum of CMTD recovery/recoveries are necessary to avail General Loan. 4. A minimum of CMTD recovery/recoveries are necessary to avail Special Loan. 5. A maximum of Rs. can be accepted in cash by the Cashier 6. The Cashier has to make an entry of the and of the Society payable in cash or cheque 7. A minimum of CMTD recoveries are necessary to avail Marriage Loan 8. Rs. is paid as Scholarship amount to Engg. Medical and PG students. 9. of the shareholder are eligible for Scholarship 10. A shareholder can draw scholarship at one time for child / dependent. 11. Rs. is give as Scholarship amount for SSC passed students. 12. To avail books from Book Bank, submission of copy is mandatory. 13. Rs. is given as Scholarship to Physically / mentally challenged child of the shareholder. 14. The inflow and outflow of cash and credit has to be monitored by the daily. -13-

15 15. The Society provides, and aparts from loans to the shareholders. 16. A minimum of service with the Railways is required to avail loan from the Society. 17. % of CMTD & % MBF paid at the time of closure must be deposited with the Society in case of re-admission. 18. % of the loan amount is recovered towards shares. 19. % is to be recovered towards LRF from General and Special Loans 20. loan is not considered for LRF. 21. A minimum of and a maximum of instalments can be taken to repay General Loan. 22. In case the remaining service of the share holder is less than 12 months, the General Loan can be repaid in months. 23. A General loan of Rs. 2,30,000/- can be availed when the service of the share holder is above. 24. A % of take home salary after recovery of instalments of the loan is mandatory. 25. A maximum of Rs. and a minimum of Rs. can be availed under Special Loan. 26. In case of Marriage Loan, original must be enclosed. 27. The value of each paidup share of the Society is Rs A maximum of Rs. is given towards Marriage Loan. 29. The instalments for Marriage Loan varies from to. 30. Marriage Loan can be availed in service. 31. In case of fresh loan, 1% of LRF is deducted on 32. In case of inclusive loan, 1% of LRF is deducted on -14-

16 33. Rs. is recovered towards loss of each share certificate. 34. LRF is implemented with effect from. 35. Under the MBF scheme Rs.30,000/- is paid to the. 36. Rs. is paid under Funeral advance in case of death of share holder. 37. loans are given to the delegates of the Society. 38. An interest of % is levied on Marriage Loan. 39. Rs. is paid as Accidental Death Relief. 40. Rs. 200/- is recovered annually from the share holders towards fund. 41. Self Attested copy of is required as age proof of Bride & Groom to avail loan. 42. % of interest is levied on General Loan. 43. % of interest is levied on Special Loan. 44. In case of Marriage loan, months CMTD recoveries is mandatory. 45. ECCS 124 B form is used for taking from. 46. The maximum limit to avail book for Medical course from Book bank is Rs The maximum limit to avail book for Inter / Degree / P.G. courses from Book bank is Rs Scholarship can be availed for any one of the share holder. 49. In case the service of share holder is lesser than 24 months to avail Spl.loan, then the loan can be availed in instalments. 50. % is recovered as Penal interest in case of more the 3 consecutive nonrecoveries. -15-

17 51. A maximum of Rs. is given as spectacle aid to the of the Society. 52. Rs. is awarded in cash to National and International Achievements 53. Rs. is awarded in cash to State level Achievements. 54. is a loan extended to shareholder without surety. 55. % of CMTD amount is given as loan under CMTD loan. 56. To avail Marriage loan, one should have already availed loan aleast once. 57. Marriage loan is paid through 58. yrs of membership is a must for closure of membership. 59. There is no time limit for closure of membership in case of. 60. Rs. is paid as registration fee for availing Book Bank services. 61. Book Bank registration fee paid is valid for. 62. Medical assistance can be availed by the share holder in life time. 63. Marriage loan application is submitted atleast days prior to the date of actual marriage. 64. scheme is not applicable to Marriage loan. 65. Marriage loan is given to member /. -16-

18 ANSWERS 1. The Society is registered under the Andhra Pradesh Cooperative Societies Act (NO.7) of 1965 and Multi State Cooperative Societies Act The Society is formed for the service of the Railway employees to motivate saving, thrift among themselves and to assist the shareholders financially in case of need thereby saving them from debts. 3. The Society was established in the year The type of Loans given to the shareholder are - General, Special and Marriage Loan 5. A share holder can give - 3 General loan sureties, 3 Special loan sureties including 1 Marriage loan surety. 6. Other facilities given to the shareholders of the Society are Book Bank where books can be taken for an academic year, Scholarship for children/dependents and Medical relief. 7. List of enclosures with General loan application are - Society pass book true copy, Bank pass book true copy where the loan has to be credited. 8. List of enclosures with Special loan application are - Society pass book true copy, Bank pass book true copy where the loan has to be credited and current month pay slip or true copy of payslip duly attested by the department. 9. List of enclosures with Marriage loan application are - Society pass book original, Self attested true copy of Sureties Pass book, Self attested true copy Bank pass book first page reflecting the Account number and address of the bank, current month payslips of borrower and sureties attested by the department, original wedding card, Railway Pass declaration form reflecting the name of the 17

19 bride/bridegroom, Self attested copy to medical card reflecting the name of bride/bridegroom as per railway records and self attested copy of Aadhar card as proof of age. 10. The sons/daughters and dependent brothers/sisters. 11. The balance due amount is to be paid in cash or cheque to the Society. 12. An application for loan can be rejected if the following reasons are not met with the form must be completely filled, signed and forwarded by the concerned officer no over -writing or use of white ink on the application all required documents must be enclosed. 13. To avail General loan a share holder must have completed 1 year service with the railways and 1 CMTD recovery in case of first loan, must have repaid a minimum of ¼ of the previous loan and ¼ of the period of pervious loan and the recoveries of borrower and surety must be regular. 14. To avail Special loan a share holder must have already availed General loan, must have atleast 30% take home salary, must have latest 3 CMTD recoveries including current month recovery effected/posted, the minimum required period completed and minimum amount repaid and, the recoveries of borrower and sureties must be regular. 15. To avail Marriage loan a share holder must have already availed General loan, minimum age limit for bride is 18yrs bridegroom is 21 yrs as per Indian Marriage Act, must have 30% take home salary, must have latest 6 CMTD recoveries including current month, the recoveries of borrower and sureties must be regular. 16. Aadhar card must be submitted as age proof to avail Marriage loan. 18

20 17. Minimum age for bride is 18yrs bridegroom is 21 yrs as per Indian Marriage Act. 18. A Marriage loan application can be rejected when the age of the bride/bridegroom is not adhered with Indian Marriage act, when take home salary is less than 30%, when the recoveries of borrower and/or sureties are irregular. 19. To avail General loan a share holder must have completed 1 year service with the railways and 1 CMTD recovery in case of first loan, must have repaid a minimum of ¼ of the previous loan and ¼ of the period of pervious loan and the recoveries of borrower and surety must be regular. 20. To avail Special loan a share holder must have already availed General loan, must have atleast 30% take home salary, must have latest 3 CMTD recoveries including current month recovery effected/posted, the minimum required period completed and minimum amount repaid and, the recoveries of borrower and sureties must be regular. 21. To avail Marriage loan a share holder must have already availed General loan, minimum age limit for bride is 18yrs bridegroom is 21 yrs as per Indian Marriage Act, must have 30% take home salary, must have latest 6 CMTD recoveries including current month, the recoveries of borrower and sureties must be regular. 22. CMTD Compulsory Monthly Thrift Deposit. 23. The list to be enclosed for closing of CMTD account Application for closing account duly attested/forwarded by the concerned department, self attested true copy of the shareholders bank pass book reflecting the account number and address, original Society pass book, all the share certificates issued by the Society, department letter incase retiring service. 19

21 24. Surety liability is the amount to be paid by the sureties in case the borrower does not pay his dues to the Society. 25. EDP - Electronic Data Processing 26. LRF Loan Relief Fund 27. 1% of the difference between previous loan due and the loan sanctioned amount is recovered towards LRF or 1% of Gross loan is recovered in case of loan being availed for the first time after For General and Special loans taken on or after only 50% of the LRF recovered will be refunded. 29. LRF was introduced on MBF Mutual Benefit Fund 31. An account is closed under MBF when the member of the Society expires while in service. 32. MBF can be claimed by the nominee where the shareholder had expired while in service. 33. Rs. 30,000/- is paid under MBF scheme. 34. A case can be rejected under MBF when the shareholder concerned expired after Railway retirement or when there are more than 6 recent non recoveries from the date of expiry of the share holder. 35. RBF Retirement Benefit Fund 36. Retirement Benefit Fund is paid to employees retiring on superannuation and who is a member of the Society for a period more than 20 years at the time of retirement. 20

22 37. A sum of Rs. 5,000/- or 8% on CMTD holdings of the shareholder whichever is less is paid as RBF to the member at the time of retirement on superannuation. 38. Dividend is the percentage of profit for a financial year which is paid to the shareholders after finalization of accounts. 39. The amount payable as dividend is decided by the Board of Management. 40. A case is treated as Accidental Death case is where the shareholder s demise occurs due to an accident while in service whereas Death case is where while in service a shareholder s demise occurs other than accident i.e., due to sickness or natural etc. 41. Claim form and CCS 95 B(claim) form duly signed by the nominee/claimant and attested by the department and forwarded by the personnel branch of the shareholder -- Original Society Pass Book -- true copy of the Bank Pass book or Bank statement or Cancelled cheque of the nominee/claimant for the correct account number or bank address -- original share certificates -- Surety release form duly signed and forwarded along with self attested Society pass book of the sureties in case where necessary -- Original death certificate of shareholder --, nominee death certificate and Family declaration from MRO should be submitted where claimant is not the nominee -- No objection certificate on Indemnity bond from Magistrate where the nominee is not the claimant -- PPO/DCRG papers or department letter from railways. 42. A sum of Rs. 20,000/- is given as Funeral Advance to the family of the deceased shareholder. 21

23 43. Where loan given to the shareholder is prior to and where there is no LRF deducted the loan due is assessed by taking the difference between assets and liability. If the liabilities are more, then the dues must be paid to the Society by means of cheque/cash or must be recovered from the railway retirement settlement dues of the member. 44. Accidental Death Relief Fund is a fund created by accumulating contributions from the members of the Society annually. An amount of Rs. 3,00,000/- is given to the nominee/claimant in case of accidental death of a member of the Society provided the assets of that member is more than his liability. The outstanding loans if any, are either adjusted to LRF if eligible or may be recovered from ADRF at the time of CMTD settlement. 45. Documents to be provided to claim ADRF ADRF form duly signed by the nominee/claimant and attested by the department and forwarded by the personnel branch of the member s office complete Police FIR copies attested by Gazetted Officer complete Post mortem report attested by Gazetted Officer complete Shava Panchaname copies attested by Gazetted Officer complete Final Closure report copies from Court to be attested by Gazetted Officer Self attested true copy of Bank pass book first page or cancelled cheque or bank statement reflecting the bank account number and bank details of the nominee/claimant Original Society Pass Book Original share certificate Surety release forms with self attested true copy of the sureties Society pass book Original death certificate or true copy attested by Gazetted Officer in case of death of nominee, 22

24 46. death certificate of nominee along with Family declaration from MRO to be submitted no objection certificate to be produced in case the amount is to be paid to any one/more among the nominees. 47. If the liabilities(special Loan, Marriage Loan and Laptop Loan) are more than the assets or if the case is not proved as accident death case. 48. The dues are to be asserted by taking the difference of assets and liabilities. To this the surety liability ascertained must be added. Incase net liabilities are more than the assets, then due amount must be paid either by cash/cheque to the Society or must be recovered from the Railway retirement settlement amount payable the employee demitting service by the Railways. 49. Retirements like Compulsory retirement / Dismissed / removal are not eligible for RBF. RBF is not given to shareholders whose continuous membership with the Society is less than 20 years. 50. Rules to open a case under BYE LAW 43 are If the member is a defaulter for more than 6 consecutive months i.e., the CMTD, MBF and loan recoveries are not received by the Society for more than 6 consecutive months then the member is termed as a defaulter. His case can be closed under BYE LAW Annually a sum of Rs. 200/- is deducted from the CMTD holdings of the member of the Society. This amount is credited to the Accidental Death Relief Fund. 52. When a member of the Society applies for a loan before complete repayment of previous loan, a fresh loan is issued debiting the previous loan balance and the necessary outstanding dues from the fresh loan. 23

25 53. A shareholder who had previously applied for loan is eligible for an inclusive loan. He/She must have completed ¼ period of instalments due for repayment of loan and had repaid ¼ amount of loan in case of General loan and Special loan. 54. Marriage loan is not considered for inclusive loan. 55. NEFT National Electronic Fund Transfer. 56. RTGS Real Time Gross Settlement. 57. The Benefits of using Electronic fund transfer are the transfer is made immediately by day end thereby making it easy for the members. 58. The books from Book bank can be availed by the members of the Society on payment of Rs 20/- annually. A limit of Rs.5,000/- is set for the book to be taken for Inter, Degree and Engg courses and a limit of Rs. 10,000/- is set for the books to be taken for Medical course. 59. Rs. 20/- cash receipt is to be paid for availing books from Book bank. 60. Courses eligible for Scholarship SSC passed, Intermediate, Degree, Technical (ITI), Diploma Courses, D.Pharma, B.Pharma, Ag.BSc., Students under CA Articleship, Physically disabled, Mentally disabled child students only one child in a year, Engineering, Medical and PG courses. 61. Rs. 2,000/- is paid for SSC passed course, Rs. 3,000/- paid for Intermediate, Degree, Technical (ITI), Diploma Courses, D.Pharma, B.Pharma, Ag.BSc., Students under CA Articleship, Rs. 5,000/- Physically disabled, Mentally disabled child students only one child in a year, Rs. 6,000/- Engineering, Medical and PG courses. 24

26 62. In case the books taken from Book bank are not returned within one and a half year from the date of taking books, double the MRP value of the books is debited from the members account at the time of settlement. In case of death, one and a half time the MRP value of the books not returned is deducted at the time of settlement. 63. Rs. 5,000/- worth of books can be taken for Inter, Degree and Engg courses. Rs. 10,000/- worth of books can be taken for Medical course. 64. Two children are eligible for taking books from Book bank within the permissible limit. 65. Books can be availed for Inter, Degree, Engineering, and Medical courses. 66. In case of semester wise course, the student must enclose copies of mark memo of two semesters to avail Scholarship for the year. In case of back logs of 1 st semester subjects in 2 nd semester of the academic year are also eligible. 67. The Scholarships are rejected incase the courses for which applied are not cleared within one year. In case improper or incomplete documents are submitted application is rejected. 68. The Cashier must handle the receipts, payments, advances, issue of pass book and new admission of the Society. 69. Rs.200/- is paid as incentives to the delegates for fresh admission. 70. Internal Auditor must audit the loan applications, settlement vouchers, excess recovery vouchers, establishment vouchers, scholarships, disease relief voucher, stores, book bank and miscellaneous payments. Audit the Cashier receipts and payments along with annual accounting. 25

27 71. Medical Aid is given only to the member, their son / daughter / wife / husband / widow mother / widow sister / dependent brother or sister once in a lifetime. The ailments for which the aid is taken must be certified by the Railway Medical Officer for Railway employees and Govt. Civil Surgeon for the Society Staff. 72. Medical Aid is given for Brain Operation, Cancer, AIDS, Heart Surgery, Kidney Operation, Orthopedic Operation(major), Paralysis, Gyneac Operation, Spinal Cord Operation and Abdominal Operation. 73. Amount allocated for Medical Aid is as follows : Rs. 10,000/- is paid for Brain Operation, Cancer, AIDS ; Rs. 6,000/- is paid for Heart Surgery, Kidney Operation ; Rs.5,000/- is paid for Orthopedic Operation(major), Paralysis, Gyneac Operation ; Rs.4,000/- is paid for Spinal Cord Operation, Rs. 3,000/- is paid for Abdominal Operation. 74. Documents to be provided for availing Scholarship are true copy of SSC marks memo, Self attested true copy of Society pass book and marks memo of the course for which Scholarship is sought. 75. A sum of Rs. 80,000/- is allocated towards Staff Recreation club Cultural Tour from the Welfare fund of the Society. 76. A sum of Rs. 10,000/- is allocated towards Staff Recreation club Library from the Welfare Fund. 77. Spectacle aid to the Staff of the Society is given upto a maximum of Rs. 800/- on production of proper bills and Ophthalmic reports. It is given once in 3 yrs upto an age of 45 and once in every 2 yrs at the age and above 45 yrs. 26

28 78. The condition to avail Spectacle aid by the Staff is that they must submit ophthalmic report and bills paid for Spectacles. 79. As the demand for the month is generated on or before 10 th of every month, any loan amount due cleared after 10 th is accounted in the next month. In such a case, the amount paid in cash/cheque may/does not account the recovery for the month sent before 10 th of that month. This amount recovered/paid is the amount excess received and hence treated as excess recovery. 80. A shareholder can give 3 General loan sureties. 81. A shareholder can give 3 Special loan sureties. 82. A shareholder can give 1 Marriage loan surety but the surety for Special loan is reduced to 2 sureties. 83. The enquiry Clerks will have to prepare Cash memos. 84. The Enquiry clerks will have to provide member with loan eligibility details, surety details, issue loan applications, receive and initially verify the loan applications, verify that the proper documents are enclosed along with the application and guide the share holder for applying loans. 85. A loan of 90% of the CMTD holdings can be availed without any surety by the shareholder. Such type of a loan is called CMTD Loan. 86. {Gross salary + VPF (if any) }*30% = Gross salary - deduction (including fresh loan deduction old loan deductions) 27

29 87. It is mandatory to complete 24 months to avail inclusive Special loan. After completion of 12 months they can avail the loan provided a foreclosure form is signed and submitted along with the loan for shortfall interest recovered to be made for the difference period of 24 months while sanctioning the loan. 88. The Marriage loan sanctioned to the member is paid thru NEFT after confirmation of marriage by the deputed staff 89. While settling a case the interest of MBF given to the individual whose membership with the Society is below 15 years is 25% of MBF of the individual 90. While settling a case the interest of MBF given to the individual whose membership with the Society is above 15 years and below 25 years is 30% of MBF of the individual. 91. While settling a case the interest of MBF given to the individual whose membership with the Society is above 25 years is 35% of MBF of the individual % of penal interest is charged for more than 3 non-recoveries for all loans. 93. In case of more than 3 non-recoveries, a revised deduction is issued taking into account the Loan principal and the interest upto date. 94. A sports person share holder with National and International Achievements is given a Cash award of Rs. 2,500/ A sports person share holder with State Level Achievements is given a Cash award of Rs. 1,500/ In case the shareholder s remaining service is lesser than 24 months, he can avail the Special loan in 18 months. 97. In case the shareholder s remaining service is lesser than 12 months, he can avail the General loan in 9 months. 28

30 98. A three years membership with the Society is compulsory to close CMTD account. 99. A person can be re-admitted to the Society after a period of 6 months The membership with the Society can be closed before the completion of the minimum period when there is an Inter Railway transfer or when the member expires The Stored section procures stationary, peripherals, hardware etc., for the Society The type of leaves given to the employees are Earned leave, Sick leave, Causal Leave, Maternity leave, Paternity leave, Ex-India leave EL s 30, Sick leave 20, CL s 8+2(restricted holidays), Maternity leave 6 months, Paternity leave 15 days, Ex-India leave depends on the discretion of the Board of Directors ( Basic + DA )*12% = PF subscription Normal increment is given in the month of July or January salary bill ( Basic + DA ) * qualifying service = DCRG 107. Leave encashment can be availed 6 times during the sevice Leave encashment can be availed in 2 years duration PF can be withdrawn 3 times 110. PF can be withdrawn on the following conditions purchase of house / construction or repairs to house / marriage of daughter/dependent sister or brother, education purpose Form 16 is issued for filing annual income tax returns When an employee has availed sick for more than 3 days Railway Officers not below the rank of APO EDLI Employee Deposit Linked Insurance SAVE positions is Sanction Actual Vacancy Excess. 29

31 116. A CR of Rs. 5/- must be paid for issue of fresh CL card Letter drafting...,,,,, 118. Grade Pay of Asst Secretary 4600/- Pay band II 119. Grade Pay of COS 4600/- Pay band II 120. RPA Rough Pre-Audit 121. CTG Composite Transfer Grant 122. PTO Privileged Ticket Order Rs. 2,250/- is reimbursed per month per child limited to 2 children Only share holder and staff can avail Fixed deposit facility % p.a. on Fixed deposits MIP Monthly Income Plan 127. RIP Reinvestment plan years 129. MSCS Act is Multi State Co-operative Societies Act is the 130. Audit Certificate to our society is issued by a qualified chartered accountant General body of our society is conducted once in a year on or before 30 th Sept. 30

32 ANSWERS FOR FILL IN THE BLANKS 1. General Loan, Special Loan and Marriage Loan. 2. Railway employees and Staff of Society CMTD recovery CMTD recoveries. 5. Rs. 19,990/-. 6. Receipts and Payments CMTD recoveries. 8. Rs.6,000/-. 9. One child/dependent. 10. One child/dependent. 11. Rs. 2,000/ Rs. 20/- cash receipt copy. 13. Rs. 5,000/ Cashier. 15. Book bank facility, Scholarship and medical aid. 16. One year % % %. 20. Marriage loan. 21. Minimum of 12 and maximum of 60 instalments months years. 31

33 24. 30%. 25. Maximum of Rs. 3,50,000/- and Minimum of Rs. 1,40,000/ Wedding card. 27. Rs. 10/ Rs. 4,00,000/ to Twice in service Gross Loan. 31. Net Loan. 32. Rs. 2/ Nominee/Claimant. 35. Rs. 20,000/ Laptop %. 38. Rs.3, 00,000/ Accidental Death Relief Fund. 40. Aadhar card, Marriage loan % % months. 44. Books from Book Bank. 45. Rs. 10,000/ Rs. 5,000/ Child/dependent. 32

34 instalments %. 50. Rs. 800/-, Staff. 51. Rs. 2,500/ Rs. 1,500/ CMTD loan %. 55. General loan. 56. NEFT years. 58. Death/VR/CR/Removal and Inter Railway transfer. 59. Rs. 20/ Period of one year. 61. Once in life time working days. 63. LRF Loan Relief Fund Scheme. 64. Dependent sister or brother / Daughter / Son / widow sister. 33

35