Membership of the Society
rrespective of cast/creed/status/age a resident of nct delhi and the NCRs declared by the government.

Maximum credit limit
Rs. 5,00,000/- ( Rs. Five Lakh Only)
Emergent Loan Rs. 30,000/-

Grounds for which loan sanctioned
Construction of house purchase of house hold goods higher study of children Marriage of self / dependent children to meet expenses on medical treatment to promote business

Interest Charged
On Reducing Balance

Insurance Cover
All borrowers are provided insurance cover of life Insurance Corporation of India.

Saving bank A/c
Scheme of saving bank account is also operating for which facility of withdrawal slips; computerized pass book; are issued.

Refund of loan (EMI)
Maximum no. of sixty e.m.i. for regular loan and ten
e.m.i. for emergent loan.

Loan against C.D
90% of the amount standing in credit of c.d. account of the respective member.

Identity card
every member is issued with a plastic identity card.

Issue of pass book/Statement of account
All members are eligible to get computerized printed pass book as well as statement of computerized account.

Documents required for Membership
Aadhar card / elecrtion card / pan card / Self photograph/nominee photograph / Pay slip, if govt servant

Documents required for Loan purposes
I.T. Returns in case not a govt. employee
Aadhar card
Pan card
Ration card
Photocopy of identity card
Issued by employee.
N.O.C. From employer (signed by ddo) if a government employee.
Photo ciopy of marriage documents if loan is for medical treatments
Rent agreement if not residing in own accomodation.
Bank a/c pass book.

Interest on fixed deposit
Comparatively high rate of Interest is paid by this society
Deposit for 12 months: @9% p.A
Deposit for 24 months: @10% p.A
Deposit for 36 months: @11% p.A
Deposit for 48 months: @12% p.A

½ % extra interest is paid to Sr.Citizen; widows; war widows; physical handicapped; ex-servicemen; retired government servants; no limit of deposit amount under this scheme.

Compulsory deposit
Every member has to contribute an

amount as per the rules of the Society on account of compulsory deposit (persently @ rs.500/-p.M.) for which interest is paid @7% p.A.

Payment of loan
provision of payment of loan
Through R.T.G.S. Is also operative

No T.D.S is deducted on interest
However, interest paid by the society for which a member can obtain a certificate for income tax purposes.

Financial position
Very sound financial position.
Never borrowed funds from any
Outside financial agency

Extra ordinary activity
A proposal is under active
Consideration of the central registrar, government of India for conversion of the society intc a multi state co-operative society under the multi state co-operative societies act,2002.

With this activity the working of this society will be managed by the R.B.I. And central Government of India.

Location of the society
The society is located INA central
Place in the heart of the Delhi city and well with the the easy reach of members.

New scheme
Anew scheme relating to loan
Against gold is also under active consideration of the management of the society.