Member Security Fund 2076


Jyotiday Savings and Credit Cooperative Ltd.
Member Security Fund 2076


Member Security Fund Management:
1. Provision of Member Protection Fund Article no. Arrangements have been made in accordance with 54 and based on the contribution of the members.

2. 25% of the profit of the organization in the member security fund, reserve fund, 25% in the reserve fund and 5% in the cooperative promotion fund and the remaining amount will be considered as 100% and 2.5% will be provided in the member security fund.

3. In each financial year, Rs. 500.- Must be deposited in the member security fund. The amount deposited in the fund will not be refunded.

Members of the security fund or the distribution arrangement to operate:
1. In case of accidental death or disability of the members and families of the members of this organization and in case of natural calamities like floods, fires, fire, cash assistance will be provided from the fund to the entitled families of the members and members as mentioned below.
   Rs. 5,000.- Those who have joined the
   member security fund for 2 years will get Rs. 6,000.- Those who have joined the
   member security fund for 3 years will get Rs. 7,000.- Those who have joined the
   member security fund for 4 years will get Rs. 8,000.-
   5 years to those who have joined the member security fund. 10,000.-

2. In case of members of this organization who have operated Jyotidaya Savings Account, members and their families have died due to accident or death due to accident and natural calamities like floods, landslides, fires.
   1 year member security fund Rs. 10,000.- In case of
   members who have joined the Member Security Fund for 2 years, Rs. 11,000.- Those who have joined the
   3 year member security fund will get Rs. 12,000.- Those who have joined the
   4 year member security fund will get Rs. 13,000.- Those who have joined the
   5 year member security fund will get Rs. 15,000.

3. All members of the same family will get this facility. Members' own family means mother, father, wife, son, daughter, adopted son, daughter in the case of male members and husband, son, daughter, adopted son, daughter-in-law, mother-in-law in the case of female members.

4. If there is no money in the fund of the organization, assistance will be provided from other expenses of the organization.

5. This facility will not be applicable in case of earthquake and other epidemics but the organization will decide based on the situation.

6. All the cash distributed from the member security fund has to be approved by the meeting of the board of directors.

7. In case of female members, maternity expenses are Rs. 2,000.- will be provided. This feature is available to members only once in a lifetime.

8. Those who are not regularly involved in Jyotidaya Savings and Member Protection Fund will not be assisted by the organization.

9. The amount contributed to this member security fund will not be refunded.

10. All members of the same family will get this facility.

11. In case of female members, maternity expenses are Rs. 2,000.- will be provided. Members will receive this feature only once.

Note: The members who have joined the member protection fund in the first year have to pay Rs. 50 thousand and for the second-fifth year members Rs. One lakh free accident insurance will be provided.

For more information:
Jyotiday Savings and Credit Cooperative Ltd.
Godavari-11, Chapagaun, L.P., Phone no. 5571442


सदस्य सुरक्षा कोष २०७६-२०७८ नामावली
(Member Security Fund 2076-2078 Namelist)