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A trusted and member-centric, one-stop financial services provider, CRECCS caters to the diverse financial needs of Members ,directly or indirectly, through its various products namely the Fixed Deposit, Recurring Deopsit, Loans, Welfare Schemes ( Scholarships, Medical grants, Cash Awards etc) & Related Services.
Please note Below details are wef from 01/01/2017.

Fixed Deposit

A fixed deposit account allows you to deposit your money for a set period of time, thereby earning you a higher rate of in return. Fixed deposits also give you a higher rate of interest than a savings bank account.

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Fixed Deposit Scheme

From 45 days to 180 days	6.50% p.a.
From 181 days to 1 year	6.75% p.a.
From (1 year + 1 day) to 3 years	7.00% p.a.
More than (3 years+ 1 day)	7.00% p.a.
3 years (Interest on maturity)	7.50% p.a.
5 years - Minimum amt to be deposited INR 50,000 - No maximum deposit Limit - Interest payble will be Quarterly / Half yearly / Yearly - Maturity date must be before retirement date	8% p.a.

Recurring Deposit

Accumulating a particular amount periodically, to help us during various occasions of unexpected financial burden. It is a good saving instrument for ordinary middle class, which has a fixed amount of revenue as its monthly income.

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Recurring Deposit Scheme

For 1 year	6.50 % p.a.
For 2 years	7.00 % p.a.
For 3 years	7.50% p.a.
For 5 years	8.00% p.a.

Saving Deposit

Under this Scheme, rate of interest will be 4% w.e.f. 01/09/2020

Double Deposit

Under this Scheme, the Deposits will be doubled in 100 Months.

Loan

loans will be granted on the basis of below parameters given in table.
Revised rules governing advancing of loans

* with effect from 01/04/2024 onwards..

Length of Service	Min./case	Max/case	Months' Pay
1 Years to less than 5 years	Rs. 6,00,000/-	Rs. 25,00,000/-	17
5 Years to less than 10 years	Rs. 6,50,000/-	Rs. 25,00,000/-	18
10 Years to less than 15 years	Rs. 7,00,000/-	Rs. 25,00,000/-	19
15 Years to less than 20 years	Rs. 7,50,000/-	Rs. 25,00,000/-	21
20 Years and above	Rs. 8,00,000/-	Rs. 25,00,000/-	22

Note: Now shareholders can stand as surety immediately becoming shareholders of the Society. The existing condition of 2 years of shareholder ship has been withdrawn with immediate effect.

C.M.T.D. Scheme

Under Compulsory Monthly Thrift Deposit Scheme rate of interest will be 8.50% w.e.f. 01/10/2023 Onwards

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Compulsory Monthly Thrift Deposit Subscription
Refer below for pay range and amount

Pay upto Rs. 25,000/-	Rs. 1300/- per month
Pay from 25,001 to Rs. 50,000/-	Rs. 1800/- per month
Pay from Rs. 50,001/- and above	Rs. 2200/- per month

Monthly Income scheme

specially designed for shareholder

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Monthly Income Scheme
Refer below for particulars and rate of interest. Period of deposit 3 years and interest payable monthly.

For minimum amount of Rs. 1,00,000/- and a maximum deposit limit of Rs. 10,00,000 (Rupees Ten Lacs) per depositor w.e.f. 01/10/2017 Onwards.

7.0% p.a.

Lakhpati Bano Yojana

By contributing an amount of Rs. 1,000/- per month regularly upto 80 months, Maturity Amount will be Rs. 1,00,000 payble in 81st month.

Medical Grant

Medical grant paid from welfare fund will be granted on the basis of below parameters given in table.

* with effect from 01/04/2024 onwards..

Medical Grant for	Existing	revised
T.B.	Rs. 15,000/-	Rs. 25,000/-
Paralysis	Rs. 15,000/-	Rs. 25,000/-
HIV	Rs. 15,000/-	Rs. 25,000/-
Kidney Failure	Rs. 25,000/-	Rs. 50,000/-
Cancer	Rs. 25,000/-	Rs. 50,000/-
Liver Transplantation	Rs. 25,000/-	Rs. 50,000/-

Note: All other coditions and criteria will remain same.

Cash Award and Special Cash Award

Cash Award and Special cash award will be granted on the basis of below parameters given in table.

SSC/HSC	Marks	Award
For all categories	50% to 84.99%	Rs. 1000/-
Physically Handicapped (more than 40% Disablement, Medical certificate reqd. )	50% and Above	Rs. 1000/-
Blind Wards/Dependent of shareholders/Blind Shareholders	50% and Above	Rs. 10,000/-
Special Cash Awards
S.S.C./ H.S.C.	85% TO 89.99%	Rs. 1,500/-
	90% TO 94.99%	Rs. 2,000/-
	95% and above	Rs. 2,500/-
Degree/Graduation	60% and above	Rs. 2,500/-
Post Graduation	60% and above	Rs. 3,500/-

Note: All other coditions and criteria will remain same.