About Us

The name of the Society shall be State Bank of India ( Bhopal Circle) Karmchari Sahakari Sakh Samiti Maryadit. The Registered Office of the Society shall be at State Bank of India, Local Head Office, Hoshangabad Road, Bhopal - 462 011, Madhya Pradesh. The area of operation of the Society shall be the States of Madhya Pradesh and Chhatisgarh.

Every member shall contribute Rs.100/- (Rupees Hundred only)  per month to the 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.1,00,000/- (Rupees One lac 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. 5,00,000/- (Rupees Four lacs 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.