Secondary Schools Employees credit society

To become a leading co-operative credit society furnishing premium and comprehensive co-operative experience To deliver operational excellence through innovation, Technology, Quality and Commitment.

Home Loan

Loan limit 40 lakh
Loan period 20 years
Rate of interest 9.90%

Personal Loan

Loan limits 35 lakh
Loan period 240 months
Rate of interest 9.90%

Hire Purchase Loan

Loan limits 2 lakh
Loan period 50 months
Rate of interest 11%

Sanchay Loan

Loan limits 90% of sanchay deposit
Loan period 40 months
Rate of interest 9.50%

Emergency Loan

Loan limits 50 thousand
Loan period 12 months
Rate of interest 11%

Loan against Deposit

Loan limits 80% of deposit amount
Loan period 40 months & maximum
Rate of interest 1% excess of deposit interest

Our Deposits Scheme

Term Deposits are a savings product in which you deposit a sum of money with the bank for the specific period of time. In other words, you loan money to the bank and the bank pays you the corresponding interest based on the amount and the term

Regular customers

  • 6 months 5.0%
  • 12 months 7.0%
  • 24 months 7.5%
  • 444 days 8.5%

B class Members (retired members)

  • 6 months 5%
  • 12 months 7.5%
  • 24 months 8%
  • 444 days 8.5%

Recurring Deposits

  • 12 months 6.0%
  • 24 months 7.0%
  • 36 months 7.5%

Jeevan Suraksha Thev Policy
The Medium Term loan limit of the members is 35 lakhs and in case of sudden unfortunate death of the member, the society has launched Jeevan Suraksha Deposit Yojana to protect the medium term loans so that the member's family and guarantors do not have time to repay the loan taken by the members. Under this scheme Rs.1000 per lakh and maximum Rs.50000 is taken as life security deposit. After retirement of the member, the said deposit is returned. Under this scheme, in case of unfortunate death of the member, his deposit amount is deducted and his entire Medium Term loan is waived off.
Affordable medical insurance scheme has been launched from 01.11.2022 to facilitate quick treatment of health-related diseases of members and their families and to help solve medical problems of members with low premium. The organization has provided medical insurance cover to the members and their families by including old and new diseases without any medical examination of the members and their families.
Core Banking

Secondary society has developed a system that connects the transactions of all the branches of the organization using the core banking system. The customer of Secondary society can go to any branch of Secondary society and complete his transaction. Similarly, every transaction that takes place in any branch of Secondary society will be linked to each other and through this system all transactions can be controlled from the Head office.

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28
Branches
30710
Total Member
48+
No of Years