Thrift Funds

• The minimum monthly subscription of the fund shall be Rs.5/- but there shall be no maximum.
• The rate of subscription shall be changed with the approval of the managing board.But it shall not be done more than once in a year(in June).
•  All monthly payments due by members to this fund shall be recoverable by deduction from the monthly salary.
• No person who fails to give an agreement expressing his wiilingness for recovery of the dues by deduction from his salary shall be enlisted as a member of the Society.
• Thrift fund shall bear interest at the rate fixed by the committee from time to time.
• Members are eligible to take loan on the security of the thrift fund.But such loan shall not exceed 80% of the thrift fund and shall be returned as any other loan.