STATE BANK Employees Credit Co Operative Society, Employees Credit Co Operative Society, State Bank Employee Society

Welcome to

STATE BANK EMPLOYEE'S CO-OPERATIVE CREDIT SOCIETY LTD

The Registered office of the Society located in State Bank of Hyderabad, Head Office Buildings, Gunfoundry Hyderabad - 500 177.

AIMS / OBJECTS OF THE SOCIETY :

To borrow funds from members or others to be utilized for loans to members for useful purpose. Generally to encourage thrift, self help and cooperation among the members staff / employees. To mobilise savings and help its members in obtaining their credit requirements and to prepare and finance schemes for amelioration of the financial conditions of members. To introduce and expand educational facilities and also conduct job-oriented courses for the welfare of the employees children (State Bank) for gainful and wage employment with the approval of the competent authorities. To evolve, promote, manage and run any scheme or schemes for providing retirement benefits/ medical relief for the retiring members (Associate Members) from service .To undertake such other activities as may promote the economic interest of members and are incidental, conducive to promotion or advancement of the above objects. To promote the interest of all its members to attain their social and economic betterment through self- help and mutual aid in accordance with the cooperative principles.

Short Term Loan

Each member shall be entitled to Credit Loan to the extent of an amount equal to eight months basic pay for every completed year of membership ...

Long Term Loan

Provided that such a member authorises to deduct the installments or dues in full or part either from his/her salary or gratuity/pension of any other payments ...

Spl Long Term Loan

Each member shall be entitled to avail Special Long Term Loan for the purpose of Construction / Renovation / Extension / Repair of House subject to ...

MEDICAL ASSISTANCE REIMBURSEMENT FUND

The objects of “Medical Assistance Reimbursement Fund” are to provide reimbursement of medical expenses incurred by its existing members/Associate members for self in respect of all ailments; accidents and diseases which need domiciliary treatment and also to extend exclusive risk ...

SUPERANNUATION BENEFIT FUND SCHEME

To provide superannuation benefits to members who have retired after completion of the age of superannuation or on voluntary grounds subject to fulfilling eligibility criteria laid down. To all such things as are incidental or conductive to the attainment of the above stated object...

Mutual Benfit Fund

All the shareholders of the Society whose subscription is current as on dare shall be members of the fund or from the time. Each member of the fund shall contribute a monthly subscription of Rs.150/- to the fund to be recovered through pay sheets in addition to the usual recoveries due to the Society. It shall be the responsibility of each member..

Surety Relief Fund

The objects of the “Surety Relief Fund” are to provide relief to the members who stand surety to the borrower member, and where the loan is not fully or partly recovered on account of cessation of his/her membership in the Society due to resignation / dismissal / voluntary vacation of service / death / removal of his/her service in the Bank.