LARSEN & TOUBRO GROUP EMPLOYEES' COOPERATIVE THRIFT & CREDIT SOCIETY LIMITED
REGD. NO. MSCS/CR-27/92
Membership
Loan
Deposits
Rates of Interest
Features
Board Members
Annual Report
   
   

                                        05 November 2009

 
Notice

 

      1. Acceptance of Fixed Deposit Suspended Temporarily
            As the Society is having Surplus Funds, the Board Decided to suspend the acceptance of fresh Fixed Deposits from members temporarily with effect from 05-11-2009. However the renewal of Fixed Deposit will be continued

      2. Revision of Loan Eligibility Guidelines

            The Board decided to revise the Loan Eligibility Guidelines as follows with effect from 05-11-2009.

             Category Eligible Amount Repayment Period
             9 years Company Service with 2 years membership Rs.4,00,000/- 72 Months
             5 to 8 years Company Service with 2 years membership Rs,3,,00,000/- 60 Months
             3 to 4 years Company Service with 2 years membership Rs.2,00,000/- 48 Months
             1 to 2 years Company Service with 2 years membership Rs.1,00,000/- 36 Months
 

 

       3. Enhancement of Relief from Member Benevolent Fund.

          The Board is pleased to announce that the relief amount payable to the Nominee of the deceased member is increased from Rs.10000/- to Rs.20000/- with effect from 01-10-2009. Similarly the relief amount payable to member in case of loss of employment due to disability is also increased to Rs.20000/-

 

   

(P.Benedict)

Secretary