Dear Friends,
We have been receiving enquiries on the captioned matter from various corners of the State. For information of all members of the Society, we reproduce here under the contents of society Circular NO.92/2010-2011 DATED:18-12-2010. Ofcourse, this circular has been already sent to all Operating offices under Hyderabad /Vizag Regions by the society directly in the 3rd week of December, 2010.
Contents:
"" TO ALL MEMBERS,
The Board of Directors at their meeting held on 18-12-2010 have decided to increase the Surety Loan quantum as detailed below:
Surety Loan increased from Rs.3,00,000/- to Rs.4,00,000/- and the same will be sanctioned at 25 times the Baisc Pay plus D.A. of the members salary or Rs.4,00,000/- whichever is less. These reivions shall take effect from 20th December, 2010.
On account of enhancement of loan, the Boad of Directors have decided to ensure strict compliance of the Circular dated 03/04/2003 regarding adequacy of net salary as basic condition for sanction of loan. Hence, members are once again requested to submit Surety Loan application along with xerox copy of Latest Salary Slip Certified in addition to Signature of Pay Disbursing Officer in the application form from respective Offices Regional Accountant/Divisional Accountant/Office In-charge.
Members are also requested to mention clearly about the amount of Loan required in column No.8 of the Loan application (Maximum / Net Amount).
With Regards,
Sd/-xx xx xx
V. JOSEPH DASS
MANAGING DIRECTOR ""
With Warm Greetings,
Yours-in-Service,
T. GOPALAKRISHNA CH. KANTHA RAO
VICE-PRESIDENT DIRECTOR
SOCIETY SOCIETY
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