Sanchar Nigam Pensioners' Multipurpose Co-operative Society Ltd.
Registration No.:RCS-FCS/2024/00318
INSTRUCTIONS
1. Registration: Complete the online registration process as per the available field under “Registration Tab”.
(a) Upon successful registration, a Unique ID will be generated which should be used for Login into the system.
(b) The default password is 123.After 1st login change the password immediately
(c) There is no Registration Fees
2. Monthly Deposit: A member can avail the option to choose the monthly subscription within the range Rs.200/ to Rs.10,000/
3. Share:The Society offers shares under two fixed categories:
• Category "A"-Rs. 10,000 (Face value of Rs.100 each i.e. 100 shares)
• Category "B"-Rs. 2,000 (Face value of Rs.100 each i.e. 20 shares)
• Members may opt for either of these two. Intermediate share values are not available.
4. Interest on Deposit Amount:
(a) An interest of 7% per annum is accrued on the deposited subscription amount.
(b) The interest accrued at the end of the financial year is automatically added to the principal subscription amount.
5. Loan Facility:
Loan applications must be submitted exclusively through the online “Loan Application” tab on the official website. Offline applications will not be entertained.
• Loan Amount Eligibility: Up to Rs. 2,00,000.
• Loan Tenure Details:
• • Loans up to Rs. 1,00,000 – Tenure: 1 year or 2 years.
• • Loans between Rs. 1,00,001 and Rs. 2,00,000 – Tenure: 2 years or 5 years.
• Interest Rate: 9.5% per annum.
• EMI deductions will commence from the following month, as per the selected tenure.
• All loan approvals are subject to the formal resolution by the Board of Directors.