NIA Educational Institution EMP. Co.Op.Thrift & Credit Society Limited CP. No. 116., is registered as Co-Op. Society under Tamil Nadu Co-Op. Societies act.
The objective of this Society is to promote the Savings habit of the members.
And to grant loans to the members for useful purposes at meager interest.
Minimum 2 years of continuous service in our institution.
The staff must take minimum of one share during enrollment. The value of a share is Rs. 100 /-.
All the member must subscribe either Rs. 250/-, Rs. 500/- or Rs. 1000/- every month to the thrift deposit.
|
Type |
Rate of Interest |
Nature of Interest |
Maturity Terms |
|||
|
8% |
Cumulative |
|
|||
|
Fixed Deposit |
8% |
Monthly |
One Year |
|||
|
Loan |
10% (as per the Norms of Co-op.Banks) |
|
Within 24 Months |
The loan should be repaid within 24 monthly instalments.
Monthly repayment will be deduced from the salary.
There is no prepayment and pre-closure chargers.
Every year dividend will be paid on shares to the members, from the net profit of the society.
Society Member Ship Form :- Download
Minimum 2 years of continuous service in our institution.
The staff must take minimum of one share during enrollment. The value of a share is Rs. 100 /-.
All the member must subscribe either Rs. 250/-, Rs. 500/- or Rs. 1000/- every month to the thrift deposit.
Society Loan Form :- Download
