Fully computerised BANK Branch at  GPO COMPOUND,  DELHI has been opened and inaugurated by Shri VASUMITRA, CPMG  on 21.07.2014 at 11.00 am. PHONE NO. of DELHI BRANCH is 011-23864650.   The CTS Amount (per month) has been increse from Rs.200/- to Rs.400/- wef 01.02.2014.  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." and Sent the Copy of Pay-in-Slip to the BANK (DETAILS are GIVEN IN ABOUT US OPTIONS ). Bank has revised rate of interest on deposit w.e.f. 18.02.2013. Offered 0.50% Extra Interest for Senior Citizens. Chairman: Shri Manjit Singh, Phone: +91-9416269425, 0171-2600716. Senior Manager: Shri Ashwani Aggarwal, Phone: +91-9466137456, 2600749. Manager: Shri Sanjay Kumar Jain, Phone: +91-9466136458.

 

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 

 

Rs.1,100/-

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

 

Loan against Deposit

 
Purpose:
To meet all types of personal/business expenses by way of overdraft or demand loan.
 
Eligibility:
Individuals/ Firms/ Companies.
 
Amount of Loan:
85% of deposits.
 
Security:
Pledge of NSCs/IVP/ KVP/LICs etc or any other such security transferable/assignable to the Bank.
 
Margin:
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.