APSRTC-CCS

G.V. RAMANA RAO
Vice Chairman
Cell : 8008204280
K. NAGESWARA RAO
Nominated Meber
Cell : 9959222856

OUR SOCIETY - BASIC INFORMATION
Andhra Pradesh State Road Transport Corporation Employees’ Thrift & Credit Co-operative Society Ltd., was
established on 5th April, 1952 with an objective to help the Member and not to fall prey to the Private money Lenders.
The Society which had in the beginning 2,558 Shareholders, Share Capital of about Rs. 60,000/-, Thrift of Rs.
71,700/- and five employees, became the biggest and the best run cooperative in the State with 94,000 Shareholders
and Thrift more than Rs. 820.00 Crores.
Membership and Thrift: All the regular employees of the Corporation are entitled to become Members of the
Society. Every Member shall have only one share of Rs. 300/-.
Dividend is Credited to the members MRDF A/c.
Every Member immediately after joining the Society starts contributing towards Thrift (MRDF) @ 6% of his Basic
Pay, rounded off to the nearest Ten Rupees. Compound Interest @ 10% per annum is provided on these accumulations.
The Thrift accumulations are payable to the Members at the time of Retirement or closure of the account.
Information through website : The members can get the information through our website www.apsrtc.gov.in/ ccsinfo.
The information regarding Society, the Members loan eligibility loan status, surety eligibility, deduction, statement
and particular slips, monthly salary recovery particulars, various loans application forms Fixed Deposit & Recurring
Deposit forms, claim forms and other forms are available in the website round the clock.
LOANS:
Information through SMS : Information regarding receipt of STL & EDL applications and releasing of respective
loans will be provided through SMS to the Member's Mobile Phone. To avail this facility members should furnish their
Mobile Numbers on the loan application forms.
Short Term Loans: Members are eligible for Short Term Loans on completion of One (1) year regular service in
the Corporation and One (1) month membership in the Society. However, member should have minimum of 12
months MRDF amount while sanction of loan. Short fall amount if any should be recovered from the loan sanctioned.
A minimum amount equal to seven (7) months Basic Pay (85%) will be granted as Short Term Loan till completion of
four (4) years membership subject to satisfying other conditions.
After completion of four (4) years membership, the loan will be granted taking into consideration the length of
service completed in the Corporation. At present 85% of the Basic Pay is being considered for sanction of loans.
The Short Term Loan is granted subject to a maximum of Rs.3,00,000/-. However, the Members whose MRDF
balance exceeds Rs.50,000/- can draw loan to the extent of 1.75 times of his Thrift subject to other conditions.
However, if the gross loan amount sanctioned is Rs. 60,000/- or above a Member shall have in MRDF Account
atleast 40% of the amount of loan granted. The short fall amount of the required percentage, if any, will be
recovered from the loan granted and credited to the Members MRDF account.
The Borrower can repay the short term loan within 84 monthly instalments.
Interest on Short Term Loans is charged @ 11% PA on monthly reducing balances.
The Member applying for loan shall furnish two valid Sureties; every Member can stand as Surety to 3
borrowers. The difference between borrowers basic pay and sureties basic pay is allowed upto Rs.2,000/-. In
case, the sureties basic pay is Rs.9,000/- and above, the above condition doesn’t apply. He may stand as surety to
any three borrowers. One can apply for inclusive loan on completion of 12 monthly instalments through salary bill.
Online Payments: The loan amount will be directly credited into Member's accounts who are having valid accounts
in State Bank of Hyderabad, State Bank of India, and Andhra Bank. The deduction statement and particular slips will
be dispatched to the members by dak. The members can have particulars in website also. From the last year
onwards, RD, FD, CCS settlement and MOAS amounts are also being paid through online.
8-FORM:
The Borrower has to provide another valid Surety to the Short Term Loan within two months if any of the Surety
ceases to be a Member of the Society for any reason. The loan eligibility will be deferred for the period delayed in
resubmission of valid surety subject to maximum of one month.
Short Term Loan without Sureties: Short term loan can also be drawn without sureties on the strength of the
amount of MRDF held. The amount of short Term loan granted in such cases is to the extent of MRDF Balance.
However, members should remember that, this is not an additional loan.
50 Percent of MRDF as Short Term Loan: Members whose left over service is 3 years and less, can apply for
Short Term Loan under this Scheme. It may however, be noted, that this is not an additional loan facility. In case the
loan eligibility reckoned as per the general conditions, is less than 50% of his Thrift accumulations, the Member is
required to mention on the loan application as “Loan of 50% of MRDF”.
As this is not MRDF withdrawal, this loan amount is to be repaid in monthly instalments.
The monthly deduction shall be made to the extent of 1/3 of Gross salary in accordance with the Co-operative
Societies Act. The loan balance outstanding on the date of retirement will be recovered from his MRDF
accumulations to settle the account.
LONG TERM LOANS:
Eligibility: A Member can apply for Long Term Loan on completion of One (1) month Membership in the Society and
One (1) year regular service in the Corporation, with the prior consent of the Unit Officer concerned.
Principal and interest recovery statements information about Short Term loans
Total Loan (In Rupees)
30,000 35,000 40,000 45,000 50,000 55,000 60,000 65,000
Instalments Pri. Int. Pri. Int. Pri. Int. Pri. Int. Pri. Int. Pri. Int. Pri. Int. Pri. Int.
12 2,500 149 2,915 174 3,335 199 3,750 223 4,165 248 4,585 273 5,000 298 5,415 323
24 1,250 212 1,460 248 1,665 282 1,875 318 2,085 354 2,290 388 2,500 424 2,710 460
36 835 233 970 271 1,110 310 1,250 349 1,390 389 1,530 428 1,665 649 1,805 505
48 625 243 730 284 835 325 940 366 1,040 405 1,145 446 1,250 624 1,355 528
60 500 250 585 292 665 332 750 375 835 417 915 457 1,000 500 1,085 542
72 415 253 485 296 555 338 625 381 695 424 765 466 835 509 900 549
84 360 259 415 299 475 342 540 389 595 428 655 471 715 515 775 558
The Member should have atleast a sum equivalent to 3 years MRDF at his credit at the time of payment of Long Term
Loan. The short fall, if any, shall be recovered from his Long Term Loan Payment.
The maximum of Long Term Loan is Rs.10.00 lakhs and being granted for Construction of House/Flat, purchase of
Ready Built House/Flat, Extension/Completion of Construction of House and for purchase of plot.
The Long Term Loan is repayable on the basis of Equated Monthly Instalments (EMI).
The Interest charged is @ 9.5% per annum, on monthly reducing balances. (wef 01-08-2007)
LONG TERM LOANS - DOCUMENTS/CERTIFICATES TO BE SUBMITTED:
1. Documents such as copy of sale deed of the Plot/House in proof of ownership.
2. Link documents.
The above two documents covering the period of past 12 years should be submitted.
(Long Term Loans shall not be sanction on the strength of Assignment orders and Possession Certificates
issued by the State Government and Possession Certificate will not be considered as Link document).
3. Letter of approval of House Plan (Plan proceedings) issued by the concerned authorities - 3 copies.
4. Approved House plan - 3 copies.
5. Non - encumbrance Certificate for the 16 years preceeding the date of application (the entries related to all the
transactions took place during 16 years should be got entered in the EC).
6. Detailed estimates for the Construction of House/Purchase of House/Completion of House/Extension of house
duly certified by any Licensed Engineer or Executive Engineer/Dy Executive Engineer of APSRTC - 3 Copies.
7. The House/Proposed house should be within the area of Municipal Corporation or Municipality or major Panchayat
or Mandal Head Quarters. Or else it should be within 30 kms radius of Bus Depot/Unit Office of APSRTC. A
certificate to this effect issued by the authorities of Depot/Unit should be submitted.
8. Agreement of sale (wherein the description of property, agreed cost, Advance received, period of agreement
etc., shall be specifically mentioned) on Rs.100/- non judicial stamp paper.
9. Tax receipt for the tax paid for the current year.
10. Certificate in the prescribed proforma issued by the APSRTC authorities having No objection for granting loan
by the Society on II Charge.
11. Any other documents and certificates as required by the Society.
However Long Term Loans shall not be sanctioned
(a) On the strength of Assigned Lands either as Title deed or as link document.
(b) For purchase of plot of land if layout plan is approved by the Grampanchayathi where urban development
authority is in force.
(c) For change of roof and houses aged more than 20 years.
(d) For more than two times in the total length of the service.
(e) When leftover service is less than two years.
The approved rates for sanction of long term loan for completion of construction are furnished here under.
NATURE OF WORK RATE
Rs.
1. Borewell with motor 75,000
2. Borewell 30,000
3. Water tank with connection 20,000
4. Septic Tank with connection 30,000
5. Steps with railing 25,000
6. Compound wall with plastering 600
(both sides) per RFT
7. Railing 3'-0" height per RFT 200
8. Plasting (two coats) per SFT 15
9. Door and Windows per sq.mt (a) Teak wood 4,800
(b) Non - Teak 3,000
10. Flooring (per 10 sq.mts) (a) Marble 6,000
(b) Ceramic 5,000
(c) Polished shabad stone 4,000
11. Electrification per each point 500
12. Cupboards per sq.mt subject to 3,500
a maximum of Rs. 60,000
13. Impervious coat per sq. feet 18
14. Colours (10 sq. mts.) 120
15. Outside Toilets 20,000
16. Outside flooring (Sq. feet) 12
17. Water Sump 20,000
18. Sump with Motor 30,000
19. Gravel Filling (CFT) 8
All the Civil Engineering Personnel (APSRTC) are following the revised rates while certifying the estimates.
The standard construction rate (independent houses) per sft is:
Ground Floor Rs. 850
Ist Floor Rs. 750
IInd Floor Rs. 775
With regard to apartments, the Construction rate applicable is Rs. 850/- per sft irrespective of the Floor.
ELIGIBLE AMOUNT OF LOAN :
a) House Construction : Hundred times of Basic Pay as on the date of application or certified cost of
Construction or Rs.10 Lakhs, whichever is less will be granted as Long Term Loan, subject to other rules
governing the sanction of such loans. However, the amount of loan will be granted after taking into consideration
the minimum take-home pay as per the APSRTC take-home pay rules.
b) Purchase of House/Flat : Hundred times of Basic pay, or the cost certified by the Engineer or Rs.10 lakhs,
or agreed value of house, whichever amount is less will be granted as Long Term Loan subject to other rules. The
age of the building should not exceed 20 years to get Long Term Loan for its purchase.
c) Completion of House : Members can draw Long Term Loan for specific uncompleted works on 1st
Charge, and if Loan already drawn from APSRTC, for construction of house they can draw loan on 2nd Charge
for Completion of unfinished works on the same house. The loan shall not be granted for the works for which loan
was already drawn from the Corporation.
d) Long Term Loan - Second Time : Members are eligible twice in their service to draw Long Term Loan
upto Rs.10 lakhs for Construction of House, Horizontal and Vertical expansion of House, Purchase of Ready Built
House/Flat in his name or for taking over Housing Loans drawn from other Banks/Financial Agencies.
Purchase of Plot :
The sanction of loan for purchase of plot shall be restricted to 1/2 of members Long Term Loan eligibility subject to
a maximum of Rs. 5,00,000/- or the cost of the plot or the agreement value or the market value of the plot as
certified by the sub-registrar whichever is less. In such cases the period of loan recovery shall be restricted to a
maximum of 120 months with an interest of 11% per annum.
Required Documents :
1) Sale agreement to be entered with an intended seller (Rs. 100/- Non Judicial Stamp Paper)
2) Title and Link documents for the past 12 years.
3) Encumberence Certificate (16 years with appropriate entries)
4) Market value certificate issued by the Sub-Registrar
5) Approved Layout / DTCP, Urban development authority.
HOME LOAN SURAKSHA BIMA POLICY :
The Scheme is being operated through oriental Insurance Company Ltd., w.e.f. 01-04-2005. The Long Term Loans
drawn on or after 1st April 2005 come under the purview of this policy which covers two risks.
1. Damages to the House Property due to fire and other perils.
2. In the event of accidental death/permanent disablement, the loan due by the Borrower will be repaid by
the Insurance Co., to the Society.
The premium is being recovered @ Rs.2.52 Ps. per every Rs.1000/- of Long Term Loan, for a period of 10
years. (Service Tax @ 10.30% extra).
Those borrowers who had availed Long Term Loans prior to 1st April 2005 and renewal of Insurance Policy
is made on or after that date also are covered by the present policy.
LONG TERM LOAN (CONSTRUCTION - PURCHASE OF PLOT) INTEREST CHART
Following is the chart showing quantum of EMI in accordance with the number of Instalments, basing on Rs.1.00
lakh long term loan.
No. of Instalments Amount of EMI (Rs.) No. of Instalments Amount of EMI (Rs.)
Construction of House Purchase of Plot Construction of House
60 2100 2174
72 1827 1903 132 1224
84 1634 1712 144 1166
96 1491 1571 156 1119
108 1381 1463 168 1078
120 1294 1378 180 1044
EDUCATION LOAN : In addition to Short Term Loan and Long Term Loan, members can avail Education Loan to the
extent of Rs.1,00,000/- repayable in 60 months for them selves/ children/ spouse.
Member has to submit Self declaration and furnish two Sureties for drawing Education Loans. Each Member
is eligible to stand as Sureties to three loanees in addition to their Suretyship for Short Term Loan and Long Term
Loan.
By observing 25% Take Home Pay, a minimum of Rs.10,000/- (Rs.5,000/- in case of inclusive loans) and
maximum of Rs.1,00,000/- shall be sanctioned. The recovery is on E.M.I. basis and the interest rate applicable is
11% p.a. on reducing balances and all rules and regulations applicable to Short Term Loan in general are
applicable for Education Loans also.
EDUCATION LOAN INTEREST CHART : Following is the chart showing the quantum of EMI in accordance with
number of monthly instalments for various amounts of loan.
Recovery Statement Information about Education Loans
Total Loan (In Rupees)
Instalments 50,000 60,000 70,000 80,000 90,000 1,00,000
EMI EMI EMI EMI EMI EMI
12 4,419 5,303 6.187 7,070 7,955 8,839
24 2,330 2,796 3.263 3,728 4,195 4,661
36 1,637 1,964 2.292 2,620 2,947 3,274
48 1,292 1,551 1.810 2,068 2,327 2,585
60 1,087 1,305 1.523 1,740 1,957 2,174
Repayment of Loans: In addition to the usual recoveries through salary bills, the Borrowers can repay part or full
amount of any loan in multiplies of Rs.100/-, at any time either by cash at Society’s office or through bank. The
amount so remitted shall be accounted for immediately. No penal interest shall be charged on such early repayments.
Ceasing Membership : The Membership can be ceased only after completion of two years of Membership. An
advance notice of Six (6) months shall be submitted. The recoveries shall continue, even after receipt of notice till
the account is closed.
WELFARE SCHEMES : 1) Deceased Members Family Relief Fund (DMFRF) : The main objective of this scheme
is to help the bereaved families in the event of death of the borrower. As per the existing rules, a premium @ Rs. 4/-
for every four hundred rupees and part thereof of on the net loan paid is recovered only at the time of drawl of loan
and the Society transfers some portion of its income from Short Term Loans every year to the fund.
In case of death of a Member, the loan balance outstanding is entirely written off and the MRDF & Share Capital held
by the deceased is refunded together with interest to his nominee.
Writing Off Short Term Loan in Respect of Members Retired on Medical Grounds : In the event of
retirement of a member on medical grounds, his short term loan balance shall also be written off from DMFRF
account subject to the following conditions.
a) Medical retirement should be after 12 months from the date of release of short term loan.
b) An undertaking should be submitted from the unit officer concerned to the effect that no alternative employment
has been provided to the employee and in the event of providing alternative employment, the loan balance written
off shall be remitted to the society and an endorsement to that effect was made in 'P' case.
In such medical retirement cases the outstanding loan balances of members in excess of their respective MRDF &
Share Capital shall be written off from the DMFRF account.
2) DEATH RELIEF FUND (DRF) : Under this Scheme, a premium @ Rs. 2/- for every two hundred rupees and part
thereof of the Long Term Loan is recovered from the amount of loan granted at the time of its disbursal, society
transfers some portion of its income from Long Term Loans every year to the Fund. In the event of death of the
borrower the total outstanding loan balance of the member shall be written off from this fund.
3) ENCOURAGEMENT TO THE MERITORIOUS STUDENTS :
a) Cash Awards : Three Cash Awards in each course to the children of Members who passed MBA, MCA, MA,
M.Com, M.Sc., B.Sc., B.A., B.Com., Ag B.Sc., DME, DEE, DCE, DECE, D.Pharmacy Examinations with highest percentage
of marks, and Ten Cash Awards to those passed SSC and Five Cash Awards to those passed intermediate with
highest percentage of marks are presented in the order of merit to encourage them. Applications for this benefit are
received every year during the specified month. The Students secured atleast 90% in respect of SSC & 90% in
Intermediate and 60% in other courses can apply for the benefit. Cash Awards will be presented at the Annual
General Meeting of Society. Bus Passes to the award winners and the Members will be provided by the Corporation.
b) Educational Assistance for Professional Courses : The children of Members pursuing professional courses
viz., MBBS, BE, B.Tech, B.Arch, BVSc, BDS., B.Pharmacy, BHMS, BAMS, B.Sc Nursing are provided with Annual
Financial Assistance till the completion of course. The application with necessary certificates is to be submitted every
year to avail this benefit.
4) MEMBER’S OLD AGE ASSISTANCE SCHEME (MOAS) : This scheme was introduced during 1982-83. All the
Ex-Members aged 59 years & above are being paid annual financial assistance at the rate of Rs. 35/- for every
completed year of Membership in the Society. The Ex-Member should have completed atleast 5 years Membership
in the Society to become eligible for this benefit. With the introduction of Retired Members Security Scheme (RMS
Scheme) through which extensive financial benefit is provided, only those who do not avail benefit under new
scheme will be eligible for annual financial assistance under MOAS. The Ex-Member should submit MOAS
application in the month of June every year.
An amount of Rs. 500/- is also being paid to the heirs, in the event of death of an Ex-Member, after retirement from
service as Final and Parting Payment. The amount under this category should be claimed within 3 months from the
date of death of the former Member.
5) MEMBER’S HANDICAPPED CHILDREN ASSISTANCE SCHEME (MHCAS) : The applicant seeking assistance
under this scheme should have passed SSC/any examination equivalent to Metric and currently studying in any
Govt. or recognized College/University. The benefit to the extent of 50% of cost of three-wheeler specially
designed for the handicapped or a maximum of Rs. 20,000/- whichever is less will be paid for Purchase of the said
vehicle subject to other conditions governing the Scheme.
6) MEMBERS HANDICAPPED CHILDREN EMPLOYMENT SCHEME (MHCES) : Adult (Major) Handicapped children
of Members are being provided an assistance of Rs. 3,000/- by the Society to set up Self-Employment units viz.,
Sewing Machine, Flour Mill, Wet Grinder, Cycle/Vehicle repairing shop etc.,
7) RETIRED MEMBERS SECURITY SCHEME (RMSS) : The Retired Member’s Security Scheme has been
introduced duly making it applicable to those retired from service of the Corporation on attaining the age of
Surperannuation on or after 30-06-2000. The salient features of the Scheme are :
1) All those who have completed 10 years of Membership in the Society and are on rolls as on the date of
retirement are entitled to become Members of the Scheme.
2) Broken period of Membership due to Ceasing Membership, Removal etc., will also be reckoned for the
purpose of 10 years qualifying membership.
3) The Members retiring on or after 30-06-2000 shall exercise option in the prescribed Option-Cum-
Nomination form atleast three months before the date of retirement, indicating whether they join the
scheme or not. If joining the scheme, the retiring Member should declare his/her nominee duly affixing a
latest photograph of the said nominee & getting the same attested. Option once submitted shall be final.
4) Once settlement amount is paid in full after settlement of account due to retirement, the retiring member
automatically loses his right to seek membership of the scheme,
5) 50% of MRDF accumulations, as on the date of Retirement, rounding off to next Rs. 1,000/- subject to a
minimum of Rs. 35,000/- will be transferred to the scheme.
6) In case of total amount of MRDF accumulated is less than Rs. 35,000/- (Rs. 38,000/- in case of Member
who Ceased the Membership) the retiring Member should remit the short fall amount on or before the date
of retirement.
7) Society will pay Financial Benefit on the amount of Deposit, @ 14% PA subject to a minimum of Rs. 500/-
PM.
8) The payment of monthly Financial Benefit is being made.
Through NET-BANKING to those who have their accounts in SBI, SBH & Andhra Bank - throughout the
State of Andhra Pradesh. As the society is having tie up with the above three banks. Payments to the
other banks will not be considered.
9) The Charges towards Bank Commission and Postage, if any, shall be deducted from the amount payable
to the Members.
10) Payment of Financial Benefit will be made as long as Member is alive. However, the Member may withdraw
the amount of deposit at any time after 3 years from the date of deposit.
11) In the event of death of the Member the amount of Deposit will be refunded to the Nominee or legal heirs,
as the case may be. If the Member expires within 3 years, the Financial Benefit at the same rate will be paid
to nominee subject to her/his willingness, till completion of the said 3 years period, provided, the nominee
should be spouse and gives consent.
12) However, if a Member desires to withdraw from the Scheme, within 3 years from the date of deposit, the
amount contributed by the Member towards Retired Members Security Scheme will be treated as an ordinary
Fixed Deposit and Financial Benefit will be paid at the rate of interest applicable to the period of deposit.
IMPORTANT :
All the beneficiaries under the Scheme and those retiring and would want to join in the scheme are advised
to open their account in any branch of either SBI or SBH or Andhra Bank. This will enable the Society to credit
monthly Financial Benefit through NET-BANKING Promptly.
8) JANATA PERSONAL ACCIDENT INSURANCE SCHEME :
Janata Personal Accidental insurance Scheme was renewed with The Oriental Insurance Company Ltd., from
31-03-2009 and will be in force till 30-03-2014. Premium payable is Rs. 140/- per head for 5 years. The amount
was adjusted from members MRDF.
In case of accidental death, a sum of Rs. 1,00,000/- shall be paid to family of deceased. Members shall be paid
a sum of Rs. 1,00,000/- in case of disability of both legs/hands/eyes and a sum of Rs. 50,000/- shall be paid for
partial disability. (Loss of one limb permanently).
Intimation regarding accident shall be given within 90 days to the nearest branch of “The Oriental Insurance
Company Ltd., “ or Society. The following documents are required for processing of case.
1) Name of the person met with the accident, staff Number, working Depot/Unit
2) F.I.R - Two Copies
3) Postmortem Report - Two Copies
4) Panchanama report - Two Copies
5) Death Certificate (Original) - Two Copies
6) Disability certificate to be produced from Govt. Doctor/or APSRTC Doctor - Two Copies
IMPORTANT NOTE: The Welfare Schemes are operated subject to availability of Funds and the income of the
Society. These Schemes can be withdrawn at any time by the Managing Committee. The benefit provided under
these schemes cannot be claimed as a right.
FIXED DEPOSIT SCHEME
The Society has been operating Fixed Deposit Scheme in which, apart from Members, their Spouses, Children,
sisters, brothers and parents of Members, Former Members and Nominal Members can invest monies in multiples
of rupees hundred. Investments in Fixed Deposit are also accepted from APSRTC & allied organizations. The
rates of interest offered on these Deposits have been always competent when compared to those offered by
Banks. The terms and conditions are flexible unlike other financial agencies. The rate of interest on all types of
deposits will be charged as per the decision of the managing committee from time to time. The revised rate of
interest is made applicable to all deposits including the existing deposits. The present rate of interest Rs.9.5% PA.
Note: 1/2% more interest than the normal rates is payable on the Deposits made out of CCS Settlement related to
retired members (MRDES).
Loss of Fixed Deposit Receipt :
In case the Fixed Deposit Receipt (FDR) is lost or defaced, a duplicate can be obtained by submitting the
following.
1. An Indemnity Bond on Rs. 100/- Non-Judicial Stamp Paper, duly indemnifying the society shall be executed by
the Deposit holder. Two present members of the society shall be furnished as sureties to the Bond besides
two witnesses. (The Proforma for this can be had from the society)
2. An undertaking to the effect that the FD-holder would surrender the FDR (original) if found, shall be submitted
in writing.
On submission of the above documents, a Duplicate FDR will be issued.
RTGS :
Recently Banks are transferring funds from one Account to another Account within no time and with minimum
charges. The process by which fund are being transferred within no time from one account to another account
without any instrument (DD or Cheque) is called as RTGS.
The Members who desires to deposit Money in Fixed Deposit Scheme or to repay any kind of loan, they can
directly transfer the amounts from their bank account to Society Account by way of RTGS. However, the minimum
amount transferable under this process is Rs. 1,00,000/-
Society Account Number in various Banks.
1) STATE BANK OF HYDERABAD - APSRTC Branch Account No. 52051030074 - IFSC (RTGS) Code
SBHY0020650.
2) STATE BANK OF INDIA - Vidyangar Branch Account No.30169932472 - IFSC (RTGS) Code SBI N
0003608.
3) ANDHRA BANK -Vidyangar Branch - Account No. 060411100000061 - IFSC (RTGS) Code
ANDB0000604.
While transferring money under this process, the Branch officials will allot a number to such transaction called
as UTR Number. The Member should invariably send that UTR Number to the Society immediately along with Fixed
Deposit form particulars of member and details of loan account towards which such amounts was transferred.
Note: An abridged information about various schemes, rates of interest and welfare activities of the Society
has been provided in this Dairy.
The Committee of Management reviews from time to time the rates of interest being implemented in
banks and other financial institutions and makes necessary changes / revision therein. depending upon
society’s financial position
Sd/-
Secretary.
SOCIETY’S PROGRESS AT A GLANCE
S.No. Particulars 1952 2007 2008 2009 2010
1. No. of Shareholders 2558 1,00,837 98,310 93,630 89,763
2. Share Capital Rs. 59,900 3,02,51,100 2,94,93,000 2,80,89,000 2,69,28,900
3. Thrift (MRDF) Rs. 71,675 649,71,81,886 702,66,08,725 754,79,41,905 806,90,81,178
4. Fixed Deposit Rs. - - 71,33,68,875 79,60,61,907 86,31,94,066 126,83,45,066
5. Loan Amount Sanctioned Rs. 1,40,816 564,42,54,571 608,38,77,600 608,08,77,071 651,66,78,915
6. Loan Due by Members Rs. 7,12,097 862,36,90,575 939,75,27,097 989,31,66,964 1029,86,67,168
7. General Reserve Rs. 39,501 1,49,27,710 1,67,76,828 1,81,82,233 1,83,34,936
8. Specific Reserves Rs. - - 31,29,98,682 35,85,43,689 39,04,02,368 43,12,73,888
9. Surplus Rs. 13,486 44,58,610 35,75,016 41,70,468 34,23,705
10. No. of Employees 5 93 89 85 79