Our Services

  • This loan will be given to any member in the form of loan of 75 percent of the amount deposited in any type of account (except monthly income scheme). This loan will be sanctioned by the branch manager on the application of the members.
  • Rate of interest :- 13 percent or 4 percent more than the rate of interest payable on the deposit account (whichever is higher).
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This loan will be given only to the member who has deposited the amount in Bihar Samriddhi Yojana account. At least ten percent of the loan amount has to be deposited in shares. The interest rate of this loan will be 18% per annum. The tenure of this loan will be 02 years. Interest will be calculated every quarter.

For loans up to Rs. 25,000/- :

  1. Account period at least one month
  2. Deposit amount at least Rs.3000/-
  3. Advisor / Motivator of the guarantor member
  4. Loan Charge - Rs.700/-
  5. Loan Form Charge- Rs.100/-

For loan up to Rs.1,00,000/- :

  1. Account period at least three months
  2. Deposit amount 15% of loan amount
  3. Guarantor member's advisor / motivator and four copy of any other bank check, which will be done by the branch management.
  4. Loan Charge 50,000/-0 Upto 1600/-0 [60,000/- above ₹0 1100/ 1%
  5. Loan Form Charge- 100/-0
  6. Loan Form Charge - 100/-40

For loan up to Rs. 5,00,000/- :

  1. Account tenor at least six months
  2. Deposit Amount 25% of the loan amount
  3. Guarantor :-
    1. Four per check of any other bank
    2. Two members
  4. Loan Charge Rs.1100/-+1% of loan amount
  5. Loan Form Charge- Rs.100/-

For loan above Rs. 5,00,000/- :

  1. Account tenor at least six months
  2. Deposit Amount :- 40% of the loan amount
  3. Guarantor :-
    1. Four per check of any other bank
    2. Two members
    3. LIC Bond of twice the loan amount, Bank F.D. Certificate or any property of the said amount
  4. Loan Charge 1100/-0 1% of loan amount
  5. Loan Form Charge Rs.100/-
  6. Court fees and other legal expenses which will be actual.

The expenses incurred on taking action for recovery of debt against the member will be recovered from the member itself. Detail of expenditure on taking action for recovery of debt :

  1. Charge of notice by the branch Rs.200/-
  2. Charge of notice done by HQ/Advocate Rs.500/-
  3. Charges Rs.25,000/- will be recovered on the filing of the suit in the court.
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  • All terms and conditions of term loan will be applicable. It will be mandatory for this loanee member to make deposits at least twice in every month. In case of non-transaction in the loan account, an additional interest surcharge of 3% will be payable. Interest will be calculated every month. Interest Rate - 18.25% p.a.
  • The expenses incurred on taking action for recovery of debt against the member will be recovered from the member itself. Detail of expenditure on taking action for recovery of debt :-
    • Charge of notice by the branch Rs.200/-
    • Charge of notice done by HQ/Advocate Rs.500/-
    • Charges Rs.25,000/- will be recovered on the filing of the suit in the court.
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Contact Us

Welcome to The Bihar co-operative credit society ltd. is a financial institution was formed under the 2001 Act, regulated by the Government of India.

Our Address

The Bihar co-operative credit society ltd.

Head office- Ashirwad Bhawan, G. C. Banarjee Road, Bhikhanpur, Bihar- 812001

Email Us

[email protected]

Call Us

+91 7369000505

+91 7369000511