THE ARMY HQ CO-OPERATIVE THRIFT & CREDIT SOCIETY LIMITED
“Thinking professionally” is the first step in building a high-performance.
THE ARMY HQ CO-OPERATIVE THRIFT & CREDIT SOCIETY LIMITED
At the time of acquiring the membership the individual has to deposit Rs.2000/- as Welfare Deposit. The amount will be refunded to member at the time of cessation from membership.
(i) Meritorious Award of Rs. 1100/- to member’s children on securing 90% plus marks in 10th & 12th Board.
(ii) Marriage Sagan: - An amount of Rs 2100/- will be paid as a sagan on marriage of member (self) and on upto 02 children’s of the members.
BENEVOLENT FUND: - As its name suggest benevolent fund is utilised to provide various welfare activities to facilitate members of the Society. This fund is funded by taking 0.5% of loan amount applied by the members. The following benefits are provided to members from this fund.
(i) In case of death of member, the balance loan amount if any will be written-off from Benevolent fund. No claim will be made against nominee or other family members of the deceased member.
(ii) An amount upto Rs.7500/- paid as a gratuity to retiring member from this fund, subject to fulfilment of minimum membership with the Society. This fund paid to all retiring members as long term association with the Society.