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THE BENGAL INCOME TAX CO-OPERATIVE SOCIETY LTD |
3, Govt. Place West, 1st. Floor, Phone – (033) 2231 8855, |
Kolkata – 700 001 |
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Description of Loan (as revised vide Circular dated 01.07.2023):
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Category of Loan
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Eligibility
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Maximum Amount
(whichever is less)
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Rate of Interest
(Day wise)
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Maximum Installments
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Category – A
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More than 8 Years of Service AND 5 Years of membership
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Rs. 7,00,000 or 12 times of Basic Pay
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8% p.a.
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96
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More than 5 Years of Service AND 3 Years of membership
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Rs. 6,00,000 or 12 times of Basic Pay
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8% p.a.
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84
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More than 5 Years of Service AND 1 month of membership
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Rs. 4,50,000 or 10 times of Basic Pay
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8% p.a..
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72
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More than 4 Years of Service AND 1 month of membership
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Rs. 3,50,000 or 10 times of Basic Pay
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8% p.a.
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60
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More than 3 Years of Service AND 1 month of membership
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Rs. 2.00,000 or 10 times of Basic Pay
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8% p.a.
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48
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Category – B
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Permanent;> 4 Yrs of Service AND 1 month of membership
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Rs. 3,00,000
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10% p.a
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50
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3 Years of Service AND 1 month of membership
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Rs. 1,00,000 or 5 times of Basic Pay
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10% p.a.
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30
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Medical Assistance Loan
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5 Years of Continuous Service & 3 Years of membership
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Rs. 1,50,000 (Specified diseases)
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4% p.a.
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40
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Rs. 75,000 (accident related treatments)
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4% p.a.
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30
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Maximum indebtedness at any point of time: Rs. 10,00,000 [Cat. A , Cat. B + Cat. C]
Share to be deducted @ 10% on each category of Loan |
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