Frequently Asked Questions

Who can be member of Society?

Only employees of RDSO (Ministry of Railways) can be members of RDSO Co-operative Thrift and Credit Society.

How much loan can be given to a member?

Maximum ordinary loan which can be given to a member is minimum of the following:

  1. 20 months salary
  2. 10 times of the sharemoney
  3. Rs.  7,00,000 (Seven Lakhs only)
       and 
  1. Total Desductions from Salary should not be more than 50%

What will be that rate of interest on Loan?

For Ordinary Loan and Emergent Loan rate of interest shall be charged at 8%.

For Out of Turn ordinary loan rate of interest shall be charged at 10%.