rmccbrc@gmail.com  |   0265-2420926  |   +91 8469562655
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Member Loan Detail

Loan should be given below criteria w.e.f 01/01/2023

Length of Membership Existing Admissible LOAN AMOUNT
1 To 3 YEAR 3,00,000
4 To 5 YEAR 10 times of Basic pay
6 To 10 YEAR 11 times of Basic pay
11 To 15 YEAR 12 times of Basic pay
16 To 20 YEAR 13 times of Basic pay
21 To 25 YEAR 14 times of Basic pay
Above 25 YEAR 15 times of Basic pay
Minimum Amount 3,00,000
Maximum Amount 7,00,000

Loan interest rate will be 11% from 01/01/2020

LOAN AMT. 12 18 24 30 36 42 48 54 60 72
100000 8838 6052 4661 3828 3274 2879 2585 2356 2174 1903
125000 11048 7565 5826 4785 4092 3599 3231 2945 2718 2379
150000 13257 9078 6991 5742 4911 4319 3877 3534 3261 2855
175000 15467 10591 8156 6699 5729 5039 4523 4123 3805 3331
200000 17676 12104 9322 7656 6548 5759 5169 4712 4348 3807
225000 19886 13617 10487 8613 7366 6479 5815 5301 4892 4283
250000 22095 15130 11652 9570 8185 7198 6461 5890 5436 4759
275000 24305 16643 12817 10526 9003 7918 7108 6479 5979 5234
300000 26515 18156 13982 11483 9822 8638 7754 7068 6523 5710
325000 28724 19669 15148 12440 10640 9358 8400 7657 7066 6186
350000 30934 21181 16313 13397 11459 10078 9046 8247 7610 6662
375000 33143 22694 17478 14354 12277 10798 9692 8836 8153 7138
400000 35353 24207 18643 15311 13095 11518 10338 9425 8697 7614
425000 37562 25720 19808 16268 13914 12237 10984 10014 9241 8089
450000 39772 27233 20974 17225 14732 12957 11630 10603 9784 8565
475000 41981 28746 22139 18182 15551 13677 12277 11192 10328 9041
500000 44191 30259 23304 19139 16369 14397 12923 11781 10871 9517
525000 46400 31772 24469 20096 17188 15117 13569 12370 11415 9993
550000 48610 33285 25634 21053 18006 15837 14215 12959 11958 10468
575000 50819 34798 26800 22010 18825 16556 14861 13548 12502 10945
600000 53029 36311 27965 22967 19643 17276 15507 14137 13045 11420
625000 55239 37824 29130 23924 20462 17996 16153 14726 13589 11896
650000 57448 39337 30295 24881 21280 18716 16800 15315 14133 12372
675000 59658 40850 31460 25838 22099 19436 17446 15904 14676 12848
700000 61867 42363 32625 26795 22917 20156 18092 16493 15220 13324
  • New member will eligible for loan after 3 months regular recovery of CTD.
  • Loan Reducing Interest Rate 11.00 % w.e.f 01/04/2020
  • Rs. 600/- Franking Fee
  • It is strictly restricted use of whitener or blead or eraser in loan form.
  • If candidate is illiterate and do thumb impression instead of sign then Witness Sign and Seal of authority department must be require.
  • ADDITIONAL LOAN
    • Education Loan
    • Marriage Loan
    Addition Loan Rules
    • Loan Upto Rs. 1,00,000/- @ 8.00% Reducing Ineterest Rate. W.e.f. 11-05-2022
    • Any one Loan will applicable at same time.
Compulsory Thrift Deposit Interest rate per annum
9.00 %
Saving Deposit Interest rate per annum
5.00 %
Recurring Deposit Instalment Amount Interest rate per annum
Rs.1 To Rs.1999 8.25 %
Rs.2000 & More 8.50 %
Term Deposit Time Duration Interest rate per annum
181 Days 6.50 %
365 Days 7.00 %

Address

"Ram Nivas", R. V. Desai Road, Vadodara-390004
P:   0265-2420926
M: +91 8469562655

About Us

The Railwaymen’s Co-Operative Credit Society Ltd established on year 1931 by Late Somnath Ramnath Vyas Work-shop Pratapnagar in vadodara, Gujarat with intention to provide all facilities to support to financial sectors to make their railway employee wealthy and successful.

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