The Calcutta University Co-operative Credit Society Limited is a financial institution formed by the whole-time employees within the company to provide financial services and support to its members. These societies are typically formed to help members obtain loans at reasonable rates, and achieve financial stability.
Key Features of an Co-operative Credit Society
A member can hold shares up to a maximum limit of ₹1,00,000 (One Lakh Rupees), subject to the applicable rules and regulations of the Society.
Members can build their savings regularly by contributing ₹300 to ₹1,000 as per the applicable scheme and Society rules. Save regularly and develop a strong financial habit.
Open your Savings Account with a minimum opening amount of ₹300 and earn 3.5% interest per annum as per applicable Society rules and terms.
Invest in a Fixed Deposit with a minimum amount of ₹10,000 and earn attractive returns.
Below 2 Years: 5.5% p.a.
Above 2 Years: 6.5% p.a.
Interest rates and terms are subject to applicable Society rules and conditions.
Members can grow their savings through regular Thrift Fund deposits and earn 5% interest per annum, subject to applicable Society rules and terms.