**  Limit For Member Loan Enhanced Upto Rs. 3.00 Lacs wef 02.01.2017  ##   FOR ANY QUERY RELATED TO BANK A/C , Please Contact on ; 0171-2600749 . As per RBI Guidlines Bank branches will be closed on 2nd and 4th Saturday of Every Month & other Saturday Shall Function as Full Day ie Upto 4.00 PM.   Fully computerised BANK Branch at  GPO COMPOUND,  DELHI . PHONE NO. of DELHI BRANCH is 011-23864650.  Member Can deposit their amount in any nearest branch of  the TWO Banks A/c  as given 1. SBI A/C NO. :  30513873107  2.  HDFC :  01310380000016  in the BANK A/C i.e. BENEFICIARY NAME as " THE POSTAL AND RMS EMPLOYEES COOPERATIVE BANK LTD."  Offered 0.50% Extra Interest for Senior Citizens.Chairman  Naresh Gupta ,  C.E.O. Ashwani Aggarwal, Phone: +91-9466137456, 0171-2600749. Manager:  Sanjay Kumar Jain, Phone: 011-23864650


Loan to Members (Postal & R.M.S. Employees)


Members :

We are having over 15,000 members from Department of Post, Railways Mail Service consisting of 6 States from Haryana, Punjab, J&K, Himachal Pradesh, Chandigarh & Delhi. Any employee from department Department of Post, Railways Mail Service consisting from Haryana, Punjab, J&K, Himachal Pradesh, Chandigarh & Delhi can apply for membership, and he can become member. Minimum Ten share (@ 50/-) is required, and member will have to deposit 400/- per month by way of recovery schedule.


Member-Ship Fee 



Purpose :
To meet personal/ family expenses like marriage/education/family functions etc. "except of speculative / prohibited nature".
All working Postal & R.M.S. Personnels with existing member.  The member required to purchase the shares (@ 50/-).
Amount of Loan:
The loan amount is 20 times of shares held in member account.
Two surities (existing members not less then having six months service)


Loan against Deposit

To meet all types of personal/business expenses by way of overdraft or demand loan.
Individuals/ Firms/ Companies.
Amount of Loan:
85% of deposits.
Pledge of NSCs/IVP/ KVP/LICs etc or any other such security transferable/assignable to the Bank.
10% of surrender value of LIC Policy (surrender value certificate to be submitted on annual basis in the month of April).
25% of the face/ accrued value of the security in other cases.