State Bank of India( Bhopal Circle), Karmchari Sahakari Sakh Samiti Maryadit

(REGN.NO. MSCS/PR-133/2001) ISO 9001:2015 CERTIFIED SOCIETY

State Bank of India ( Bhopal Circle), Karmchari Sahakari Sakh Samiti Maryadit ,Bhopal , A Multi-State Co-operative Society,( Regd.No. MSCS /CR /133 / 2001 ) C/o : State Bank of India, Local Head Office, Hoshangabad Road, Bhopal - 462011

FAQ


Q 1 WHO CAN BE THE MEMBERS OF THE SOCIETY ?
ANS: PERMANENT EMPLOYEE OF SBI CAN BE THE MEMBER OF THE SOCIETY.

Q 2 WHAT IS THE ELIGIBILITY FOR SECURING LOAN FROM THE SOCIETY ?
ANS:i)MEMBERS WITH 2 YEARS SERVICE CAN AVAIL LOAN OF Rs 3 LACS. w.e.f. 01/10/2019

ii) FOUR YEARS CONFORMED SERVICE IN THE BANK FOR LOAN OF Rs 7 LACS .w.e.f. 01/10/2019

Q 3 WHAT IS THE LIMIT OF LOAN ?
ANS: 35 TIMES OF SALARY (BASIC+DA+SPL ALLOWANCE) OR MAXIMUM RS. 7 LACS, WHICH EVER IS LESS.

Q 4 WHAT ARE THE NECESSARY CONDITIONS FOR SECURING LOAN ?
ANS.
i. TWO GUARANTORS WHO ARE MEMBERS OF THE SOCIETY AND THEIR LIMIT SHOULD NOT EXCEED RS.28 LACS FOR OFFICERS /AWARD AND RS. 21 LACS FOR SUBORDINATE STAFF.

ii. PERMISSION OF DGM IS NECESSARY IN CASE OD LIMIT HAS BEEN AVAILED BY THE MEMBER.

iii. DEDUCTIONS FROM THE SALARY INCLUDING THE INSTALMENT OF LOAN SHOULD NOT EXCEED 60% .

iv. GUARANTOR SHOULD NOT BE DEFAULTER OF THE SOCIETY.

v. THE SERVICE PERIOD OF BORROWER/GUARANTOR SHOULD NOT BE LESS THEN THE REPAYMENT PERIOD.

vi. SHARES WORTH 10% OF LOAN AMOUNT IS TO BE ACQUIRED BY THE BORROWER.

Q 5 WHAT ARE THE PURPOSES FOR WHICH LOAN CAN BE GRANTED ?
ANS. PURCHASE/ REPAIRING OF HOUSE/PLOT, MARRIAGE, RITUALS, MEDICAL.

Q 6 WHAT ARE THE INSTALLMENTS FOR REPAYING THE LOAN?
ANS. HOUSING PURPOSE MIN. 12 MONTHS AND MAX 144 Installments. OTHERS MIN, 12 MONTHS AND MAX. 84 INSTS.

Q 7 WHAT WILL BE THE EMI PER LAC OF LOAN?
ANS.
HOUSING PURPOSE

RS. 8700/p.m., per Lac FOR 12 MONTHS
RS.1040/p.m., per Lac. FOR 144 intsl

OTHERS

RS. 1520/p.m., per Lac  FOR 84 MONTHS

Q 8 ARE THERE ANY CONDITIONS FOR LOAN WAIVER?
ANS IN THE EVENT OF DEATH.

Q 9 HOW SHARE MONEY CAN BE REFUNDED?
ANS. SHARE MONEY WILLBE REFUNDED AFTER LIQUIDATION OF LOAN OR COMPLETION OF 1 YEAR FROM THE DATE OF ISSUE.

Q10. HOW CAN THE MEMBER WITHDRAW MEMBERSHIP FROM THE SOCIETY? 
ANS. MEMBER SHOULD HAVE NO OUTSTANDING AND STOOD NO GUARANTEE OF ANY BORROWER.

Q.11 WHAT ARE THE BENEFITS OF RETIREMENT BENEFIT SCHEME?
ANS. ON RETIREMENT OF MEMBER WHO HAS COMPLETED 10 YEARS OF MEMBERSHIP, AN HONORARIUM OF Rs.10,000/- W.E.F. 01/01/2010 IS GIVEN BY THE SOCIETY.

Q.12 WHO ARE ELIGIBLE FOR SCHOLARSHIP OF THE SOCIETY?
ANS. THE WARDS OF THE MEMBERS WHO HAVE SECURED 80% AND ABOVE MARKS IN THE EXAMINATION AS UNDER ARE ELIGIBLE FOR SCHOLARSHIP, ACCORDINGLY:-

1. 8TH STD. Rs.1500/-

2. 10TH STD. Rs. 2000/-

3. 12TH STD. Rs. 2500/-

4. STUDENTS WHO PASS HIGHER EXAM (GRADUATION/POSTGRADUATION) WITH 70% AND ABOVE MARKS ARE ENTITLED TO GET RS.2500/- (ONE TIME) W.E.F. ACADEMIC YEAR 2009-10

Q.13 WHAT ARE THE BENEFITS OF SECURITY AND AID FUND(SAF)
ANS. IN THE EVENT OF DEATH OF A MEMBERS, HIS NOMINEE SHALL BE PAID A SUM EQUIVALENT TO Rs 1,50,000/- EXCLUDING VALUE OF SHARE AND ACCRUAL IN MCCDF PLUS INTEREST THEREON.

IN THE EVENT THE DECEASED HAS AVAILED HIMSELF A LOAN FROM THE SOCIETY, A MORATORIUM UPTO RS. 7,00,000/- SHALL BE GRANTED AFTER APPROPRIATING THE VALUE OF SHARES, ACCRUAL IN MCCDF ETC.

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About Us

S. B. I. Karmchari Sahakari Sakh Samiti Maryadit, Bhopal was registered in 1976 under M.P. Co-operative Society act 1960, there after with the formation of Chattisgarh State it attained the status of Multi-State Cooperative Society in 2001. The membership of Society consisting of serving employees of State Bank of India rose from a meagre 18 members on inception to 9260 members in the year 2019 and has the authorized share capital of Rs. 15 crore comprising of 60 lakh share of Rs.25/- each. Read More...