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:
- 20 months salary
- 10 times of the sharemoney
- Rs. 7,00,000 (Seven Lakhs only)
and
- 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%.