S.B.I. Staff Co-Operative Credit Society Limited, Shillong
S.B.I. Staff Co-Operative Credit Society Limited, Shillong
We sincerely thank you for visiting our website.
The name of the Society shall be State Bank of India Staff Co-Operative Credit Society Limited
(Shillong). The Registered Office of the Society
shall be at State Bank of India, Shillong, Meghalaya. The area of operation of the Society covers entire North Eastern States.
Employee can get information on the latest development of the society through this web portal.
(1) Employee can download his/her Interest Certificate, thrift statement, Loan Statement from this site. Here are the steps:
DEPOSIT :-
1.SUBSCRIPTION: The minimum contribution towards Retirement Benefit Fund Rs.500/-. Member may deposit maximum amount of Rs. 3,000/- per month. Enclosed draft of Rs.701/- for new enrollment ( Rs. 500/- minimum contribution. Rs.200/- as Share & Re. 1/- as admission fee.)
2. PART WITHDRAWAL OF R.B.F: Member can avail 50% withdrawal facility from own contribution towards Retirement Benefit Fund once in every three years. Provided that the member has not taken loan with the society during concerned period.
3. INTEREST RATE ON R.B.F DEPOSIT: Interest rates on Retirement Benefit Fund 7% per annum.
LOAN :-
1. MID —TERM LOAN:- :
a) Members below 1 year of membership are eligible to apply for loan of
Rs. 50,000/-, repayable @ Rs, 800/- per month.
b) Members completed 1 years and above are eligible to apply for loan of Rs. 80,000/-, repayable @ Rs.1,200/- per month. Members should have minimum balance of Rs. 8,000/- in RBF.
c) Members completed 2 years and above are eligible to apply for loan of Rs. 1,00,000/-, repayable @ Rs.1,600/- per month.
Members should have minimum balance of Rs. 11,000/- in RBF.
d) Members completed 3 years and above are eligible to apply for loan of Rs. 1,50,000/-, repayable @ Rs.2,000/- per month.
Members should have minimum balance of Rs. 15,000/- In RBF.
e) Members completed 4 years and above are eligible to apply for loan of Rs. 2,00,000/-, repayable @ Rs.2,690/- per month.
Members should have minimum balance of Rs. 18,000/- in RBF.
f) Members completed 5 years and above are eligible to apply for loan of Rs. 2,50,000/-, repayable @ Rs.3,400/- per month.
Members should have minimum balance of Rs. 22,000/- in RBF.
g) Members completed 6 years and above are eligible to apply for loan of Its. 3,00,000/-, repayable @ Rs.4,200/- per month.
Members should have minimum balance of Rs. 28,000/- in RBF.
h) Members completed 7 years and above are eligible to apply for loan of Rs. 3,50,000/-, repayable @ Rs.5,000/- per month.
Members should have minimum balance of Rs. 32,000/- in RBF.
i) Members completed 8 years and above are eligible to apply for loan of Rs. 4,00,000/-, repayable @ Rs.5,800/- per month.
Members should have minimum balance of Rs. 45,000/- in RBF.
j) Members completed 9 years and above are eligible to apply for loan of Rs. 4,50,000/-, repayable @ Rs.6,600/- per month.
Members should have minimum balance of Rs, 52,000/- in RBF.
k) Members completed 10 are eligible to apply for loan of Rs. 5,00,000/-, repayable @ Rs.7,400/- per month.
Members should have minimum balance of Rs. 60,000/- in RBF. (Sub Ordinate, Clerical & officer)
1) Members completed 10 are eligible to apply for loan of Rs. 5,50,000/-, repayable @ Rs.8,100/- per month.
Members should have minimum balance of Rs. 68,000/- in RBF. ( Only Clerical & officer)
m) Members completed 10 are eligible to apply for loan of Rs. 6,00,000/-, repayable @ Rs.9,000/- per month.
Members should have minimum balance of Rs. 75,000/- in RBF. ( Only Clerical & officer)
INTEREST RATE ON TERM LOAN:- The interest rate on term loan @ 8.25.% yearly.
HOUSING LOAN:- In addition to above mentioned loan members those have availed housing loan from bank are eligible to apply for loan of Rs. 3,00,000/-.Repayable Rs.4,200/- per month.
HOUSING LOAN INTEREST: The interest rate on housing loan @ 8.25.% yearly
WELFARE SCHEME: Education loan is Rs. 20,000/- repayable @ Rs. 2,100/- per month in 10 equal installments.
RETIREMENT BENEFIT: Members taken normal retirement from bank service and completed 15 years of membership regularly with the society are entitled to get Retirement Benefit of Rs. 20,000/-
EXGRATIA: Death relief of Rs. 20,000/- will paid to the legal heir of deceased member on receipt of an application from legal heir along with death certificate forwarded by A.G.M/ Chief Manager/ Branch Manager.