SBI STAFF MUTUALLY AIDED CO-OPERATIVE CREDIT SOCIETIES AMARAVATI CIRCLE
Latest News
Our Co operative Societies
Aim / Objective of Societies:
The Formation State Bank of India Employees Mutually Aided Co-Operative Credit Society Ltd. has flagged off with a moto of mutual Cooperative movement in Trade unionism. The aim is to provide aid to award staff employees who were in financial needs, which was further fortified and consolidated by the Legendary Leader Late Com Y Tharaknath. His untiring hard work for the upliftment of members has resulted in the formation of Societies in State Bank of India, in the erstwhile State of Andhra pradesh.
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To encourage thrift by small savings.
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To meet the credit needs of its members.
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To promote interests of all its members and to attain their social and economic betterment through self help and mutual aid in accordance with the co operative principles.
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To stand by the member's family when the member dies in harness.
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To evolve, promote, manage any schemes for the betterment of members.
Our Commitment:
For success of any organization or institution, qualitative leadership and dedication are of prime requirements. At SBI Staff Mutually Aided Co operative Credit Societies we are committed to enhance our member's funds, assets through knowledge-based consulting and integrity from an outstanding human resource and making it the largest society in terms of profits and membership.
Members Satisfaction:
Member's satisfaction is first and fore most at our SBI Staff Mutually Aided Co operative Credit Societies. Every member in our
Co operative society is doing their bit and making our Co operative society a huge success by supporting its activities and using its services.
NEW INITIATIVES
Our Staff members are opting for outside borrowings from other financial credit services for purchase of Mobiles, Two wheelers, Home appliances and also to meet the urgent financial need during the time of distress situations. Even members are opting for purchase of Gold on EMIs with high interest rates. Bank has taken a serious view and is initiating Disciplinary proceedings against the staff who are going for outside borrowings.
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In order to protect our members from these situations and to stand by them during their financial hardship, we propose to introduce the following short term loans as a part of extended services to our members.
SHORT TERM LOANS
Loan Limit : Rs.50,000/- to 2,00,000/-
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Tenure of Emi : Repayable in 12/24/36 months
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Rate of Interest : 9% with deduction of Rs.160/- which includes Thrift of Rs.100/- per month and DMRF of Rs.60/- per month
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Car Plus : To meet the margin money amount of car loan while availing Staff Car loan for purchase of car
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Vehicle Plus : To meet the margin money amount of two wheeler loan while availing Staff conveyance loan
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Home Plus : To meet the margin money amount for Reality loans or Staff IHLS
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Mobile Plus : For purchase of mobile phones
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Gold Plus : For purchase of Gold ornaments
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Consumer Plus : For purchase of Home Appliances
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Travel Plus : To meet Shortfall for the expenditure towards Domestic / International travel apart from availing LFC from Bank
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