Registration for New Member

DELHI HIGH COURT EMPLOYEES CO-OPERATIVE THRIFT AND CREDIT SOCIETY LIMITED

Dated: 07.04.2025

CIRCULAR

It is hereby informed that the Membership for DELHI HIGH COURT EMPLOYEES CO-OPERATIVE THRIFT AND CREDIT SOCIETY LIMITED has been opened to all such employees of Delhi High Court who are working on regular basis and have completed at least six months of service.

Any employee willing to become a Member can apply along with:

1. Application Form
2. One photograph (uploaded and affixed)
3. Last Salary Slip
4. Copy of Identity Card
5. Affidavit on Rs.10/- stamp paper in the prescribed format duly attested by Notary /Executive Magistrate. Cheque of Rs.6003/- in favour of DELHI HIGH COURT EMPLOYEES CO-OPERATIVE THRIFT AND CREDIT SOCIETY LIMITED. (Rs.5000/- towards Share Money, Rs. 2000/- for CD and Rs. 3/- as Admission Fee). The applicant may choose to apply for higher number of shares by depositing the Share Money in the denominations of Rs.10,000/-, 15,000/- 20,000/-, 25,000/-, 30,000/-, 35,000/-, 40,000/-, 45,000/- or 50,000/-. In such event, the applicant will have to deposit/submit the cheque for Rs. 12003/-, Rs.17003/-, Rs.22003/-, Rs.27003/-, Rs.32003/-, Rs.37003/-, Rs.42003/-, Rs.47003/- or Rs.52003/- respectively.

The forms can be filled up online on the website of the society i.e. www.dhcetcsociety.com. The printout of the form duly filled in all respects and signed by applicant can be deposited with Mr. Sheetal Verma (Mobile No. 9716736585) between 2pm to 3pm on all working days.

The applicants are requested to read the Rules of the Society as well as the terms and conditions before filling up the application form.

Sd/-
(Hitesh Kumar)
President

RULES FOR DELHI HIGH COURT EMPLOYEES CO-OPERATIVE THRIFT AND CREDIT SOCIETY LIMITED

1. The Maximum Share Money is Rs.50000/-.
2. Rate of interest payable on Compulsory Deposit (CD) is 6% per anum.
3. The maximum loan limit (Regular loan plus Emergency loan) is Rs.5 lacs.
4. The maximum Emergency Loan can be Rs.50000/- or equal to amount of share money, whichever is less.
5. The eligibility for loan is ten times of the share money deposited.
6. The rate of interest charged on loans (both regular and emergency) is 8% per annum, on a monthly reducing basis.
7. The loan is repayable in maximum 50 installments. Thus, the installment shall be as per the following slabs :-

Sl. No.	Loan Amount Range	No. of Installments	Installment
1.	1000 - 50000	50	Rs. 1000 + Interest
2.	50001 – 100000	50	Rs. 2000 + Interest
3.	100001 – 150000	50	Rs. 3000 + Interest
4.	150001 – 200000	50	Rs. 4000 + Interest
5.	200001 - 250000	50	Rs. 5000 + Interest
6.	250001 - 300000	50	Rs. 6000 + Interest
7.	300001 - 350000	50	Rs. 7000 + Interest
8.	350001 – 400000	50	Rs. 8000 + Interest
9.	400001 - 450000	50	Rs. 9000 + Interest
10.	450001 – 500000	50	Rs. 10000 + Interest

8. The Emergency Loan shall be payable in a maximum of 20 installments. The installment for Emergency Loan shall start concurrently with that of Regular installment as per the following chart :

Sl. No	Loan Amount Range	No. of Installments	Installment
1.	Up to Rs. 50000	20	Rs. 2500 + interest

9. Thus, the effect of the aforesaid charts would be such that for every top up of any type of loan, whether regular or emergency, the installment will increase every time a loan is applied. This will ensure that the member is able to repay the loan in the scheduled time.

10. In case, any member proceeds on deputation to some other Department, it would be his/her duty to ensure that the amount which is due to be paid by him/her in the form of monthly CD contribution along with installment towards loan and interest (if any), shall reach the society in time failing which he shall be treated as defaulter thereby attracting consequential penalties like forfeiture of gift/incentive, etc.

11. The dividend on the share money, if any declared, shall be payable on pro rata basis for such share money increased during the year.

12. While giving dividend, if any declared, the month in which share money has been increased, shall not be counted for the purpose of calculation of dividend.

13. No gift or incentive shall be payable to a member who commits default in payment of monthly CD contribution along with installment towards loan and interest, if any.

TERMS AND CONDITIONS FOR BECOMING MEMBER OF DELHI HIGH COURT EMPLOYEES CO- OPERATIVE THRIFT AND CREDIT SOCIETY LIMITED

I hereby declare that I have fully read the following terms and conditions for becoming a member of the Delhi High Court Employees Co-operative Thrift and Credit Society Limited. I agree to abide by the same.

1. The application does not confer upon me any right to be admitted to the Membership of the society. The decision of the Managing Committee of the Society for admission or rejection of my application shall be final.
2. The applicant shall be treated as a member from the date of approval of his application for membership by the Managing Committee of the Society, subject to the further condition that the cheque tendered by him/her along with the application form is duly honored.
3. In case the cheque is dishonored for any reasons whatsoever, the application shall be deemed to have been rejected notwithstanding its approval by the Managing Committee of the Society.
4. I further agree that my monthly CD contribution along with installment towards loan and interest shall be deducted from my salary by the Office, i.e., Delhi High Court. In case, I proceed on deputation to some other Department, it would be my duty to ensure that the aforesaid amount which is due to be paid by me in the form of monthly CD contribution along with installment towards loan and interest (if any), shall reach the society in time failing which I shall be treated as defaulter thereby attracting consequential penalties.
5. The gift or incentive, if any declared, will be given by the Society to such members only who have completed at least six months as a member of the society as on 31st March of the year for which the gift or incentive has been declared.
6. No member shall be eligible for regular or emergency loan unless he has completed at least one month as a member of the society.

I have also read and understood the Rules of the Society given to me along with the application form.

I agree to abide by the Rules of the Society annexed with the application form as also to the aforesaid terms and conditions. Accordingly, I am enclosing the following documents in support of my application:

1. Application Form along with two photographs
2. Self-Attested Copy of last salary slip
3. Self-attested Copy of Identity Card.
4. Affidavit on Rs.10/- stamp paper in the prescribed format duly attested by Notary/ Executive Magistrate.
5. Cheque in favour of DELHI HIGH COURT EMPLOYEES CO-OPERATIVE THRIFT AND CREDIT SOCIETY LIMITED.
6. Make sure you have all required documents ready.
7. Click the 'I Accept' button to proceed.

I Accept