The Railway Employees Co-operative Credit Society Limited

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Junior Chester Sutton
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The Railway Employees Co-operative Credit Society Limited Ashok Vihar Complex, Old Zoo Road, (Near Central Railway Station) Chennai - 600 003.

2 The Railway Employees Co-operative Credit Society Limited Ashok Vihar Complex, Old Zoo Road, (Near Central Railway Station) Chennai Branches at : ASK, BVRM, BWT, BZA, DMM, GDG, GNT, GTL, GY, HX, HYB, JRU, KZJ, LD, MBNR, MRJ, MYS, NDKD, NDL, NLR, OGL, PUNE, RJY, SBC, TPTY, TUNI & UBL. New Branches to be opened at : Wadi, Solapur & Nanded. Started in the year 1907 and successfully serving the members for the past 111 years Chairman Any Railway Employee who has completed Three months of regular service can join as a member and can avail Loan on receipt of 3 CMTD recoveries through salary. The following loans are offered by our Society, General Loan : The General Loan is sanctioned to all members with a minimum Loan of Rs Lakhs and a maximum Loan of Rs Lakhs according to their basic pay & years of membership - only one Surety and maximum repayment period is 6 to 84 months. Marriage Loan: The Marriage Loan is sanctioned for self, son or daughter's marriage and is paid on the date of marriage at marriage venue, is increased to Rs.4.00 Lakhs - Rs.5.00 Lakhs - Rs.6.00 Lakhs, according to their basic pay - One Surety only, maximum repayment period is 6 to 84 months. Education Loan: T The Education Loan is sanctioned to all members every year, Rs. 50,000 is sanctioned - No Surety and maximum repayment period is 12 months. Tour Loan : The Tour Loan is sanctioned to all members based on the available Tour Package, which is operated by International Tour Operators. Members can avail Tour Loan along with his/her family members, according to their convenient dates. New Passport applying and renewal of old Passport guidence are also provided for the Members and their family. One Surety only, maximum repayment period is 6 to 84 months. Gold Loan : Gold Loan is sanctioned to all members and loan eligible is Rs. 1 Lakh to Rs. 3 Lakhs. 24 Carat(999.9 Purity) Gold Coins are available in denominations of 1gm, 2gm, 5gm, 10 gms, 20 gms, 5o gms and 100 gms. Also 22 ct (916Purity) Gold Coins available in 1 Souverign. The members can purchase the Gold and Silver Coins as per their Choice. The Gold Coins and Silver Coins are supplied by M/s. MMTC- PAMP India Private Limited, (A Joint Venture of MMTC, a Government of India Enterprise and PAMP a Switzerland Company). One Surety only, maximum repayment period is 6 to 84 months. Purchase of House Site : Loan for Purchase of House Site / Plot is sanctioned to all eligible members of the Society. This Loan shall be sanctioned not exceeding Rs. 10 Lakhs or the total cost of the plot / House Site and whichever is less. No Surety and maximum repayment period is 120 months. New Schem e to be introduced : Housing Loan, Insurance Policies & M ediclaim In the event of any accident to a member, resulting in death, Rs. 3,00,000 will be paid as compensation. In case of loss of organs such as finger, eye, hand, leg etc., compensation ranging from Rs. 6,000 to Rs. 3,00,000 will be paid. Policies First Time in Indian History A New Scheme to Protect the Member / Surety If a m em ber is expired (N atural or A ccidental) : Outstanding loan amount along with interest is completely waived (after adjusting share and CMTD). Member s family gets full DCRG amount. During the period from N o. of C Particulars laim A m ount s 2,001 h a s C laim P ro U n d er If a member is Removed or Dismissed or Compulsorily retired from railway service, on or after then, Outstanding loan amount along with interest is completely waived (after adjusting share and CMTD). h a s b e e n b e e n w a iv e d. 67,58, g ress to , expired members, amounting to 9,65,01, P aid The Loan dues of ( ` ) w a iv e d. ó During the past 5 years from 2011 to 2015, Education Award of was distributed to Children of 3,116 Members. Wards of Members who have scored the following marks in the year will be given Awards as follows : 75% to 80% 80.1% to 90% 90.1% and above ` 1,000/` 1,500/` 2,000/- ` 1,500/` 2,000/` 2,500/- All our Branches are Computerised, Loan Applications received upto noon at the branches will be processed and the payment will be arranged on the following day itself, subject to eligibility. For enquiry Contact } , , ,

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For all members including Sub-staff :

For all members including Sub-staff : Bye Law No. 5 ENTRANCE FEE AND SUBSCRIPTION: 5-A A member on admission shall be required to pay an entrance fee of Rs.10/- only and subscribe regularly Rs.50/- p.m. towards share capital to the extent