Sadasya Kalyan Yojna

1. This account will be only for the member and working employee of Bihar Co-operative.

2. Minimum Rs.1025/- per month or its multiples or Rs.12000/- per annum or its multiples in member welfare scheme. Account can be opened in Bihar Co-operative reserves the right to transfer / link any account with any of its branch offices.

3. All payment towards Bihar Co-operative shall be made by depositing cash against the receipt bearing the signature of the person authorized by the Bihar Co-operative. deposited by any means other than the above method or means. The depositor himself will be responsible for the amount.

4. Tenure of the account: - 20 years.

5. The amount has to be deposited in this account only for 15 years. Maturity amount will be paid after 20 years.

6. At the end of the period, the account holder member will be credited with the interest/bonus fixed by the Bihar Co-operative.

7. Members who deposit the installment for more than two years but do not deposit continuously till the maturity period, the amount will be refunded to the members after 10 years with 3% annual interest. Customers who wish to revive the account will have to deposit all the installments together with 1.5% monthly interest on the remaining installments.

8. The amount of the member who has not deposited the monthly installment for at least two years or 24 will not be refundable.

9. Nomination of two successors (Double Noggin System):- The account holder can appoint two successors as per his wish, fixing the ratio of the amount to be received by each successor. But for this the declaration should be made at the time of opening the account.

10. Loan (cash credit, term loan) up to 75% of the deposit amount after two years can also be considered.

11. Members who regularly deposit money in the member welfare scheme account after 3 months, in case of accidental death, twenty times the first year's deposit amount and in case of normal death, ten times the first year's deposit amount will be contributed from the welfare fund. Will be given. This facility will be admissible to the members up to the age of 70 years. The decision of Bihar Co-operative in this regard will be binding.