Security & Aid Fund (SAF) constituted by the Society in order to provide financial assistance and security to its members . In the event of death of a member, his nominee shall be paid a sum equivalent to Rs.1,50,000/- (Rupees One lac Fifty Thousand only) excluding value of shares and accruals in MCCDF plus interest thereon OR where the deceased had availed himself of a loan from the Society a moratorium on such loan up to Rs. 7,00,000/- (Rupees Seven lakhs only) shall be granted after appropriating the value of share(s), accruals in MCCDF, etc. The terms and conditions/rules and regulations governing SAF shall be approved from time to time by the General Body. A member or the nominee of a member aggrieved over the award of compensation/assistance under SAF shall have the right to appeal to the General Body of the Society.
Society provides scholarship as under :
scholarship to the wards of its members to encourage in their studies :-
1.Students who pass 8th standard exam with 80% and above marks are entitled to get Rs.1500/- (one time)
2.Students who pass 10th standard exam with 80% and above marks are entitled to get Rs.2000/- (one time )
3.Students who pass 12th standard exam with 80% and above marks are entitled to get Rs.2500/- ( one time ) Graduation & Post Graduation with 70% and above marks are entitled to get Rs.2500/- ( one time ) w.e.f. academic year 2009-10
The Society has its own guest house which is provided to its members at nominal charges. It is situated at a very prime location of Bhopal at E-5/13 A, Arera Colony.( Phone No 0755-2553972). The Charges are as under:
1. One Bed Rs.200/- per day
2. One Room Rs.500/- per day
3. Complete Guest House Rs.5000/- per day for Member and Rs10000/- for others (One Hall,Kitchen,Dining room, 2 Bed room) with extra charges for water,electricity,sweeper etc.
Note : Rs.5000/- will be deposited as security with the society at the time of guest house booking and other charges like water,electricity,sweeper etc. will be adjusted in this amount.
At the time of retirement of the members who have completed minimum ten years of membership are entitled to get an honorarium of Rs.10,000/- under Retirement Benefit Scheme of the society.
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...