The Junior Engineer Telecom Co-operative Credit Society Ltd.

Condition	Description
Rate of interest on loan	Rate of interest on loan is 6.0 % (six Percent) annually.
Rate of interest on deposits	Rate of interest on deposits (Thrift fund, Guarantee fund) is 4% annually.
Membership criteria	Executives of Telecom, Civil, Electrical. PA & PS, Accounts cadre are eligible. Non-Executives of the rank of Junior Engineer (erstwhile TTA) are also eligible. Members should be permanent employees of BSNL (either absorbed or directly recruited). BSNL employees on deputation to other organisations and others who are posted in BSNL on deputation are not eligible. Members need to be posted in Kolkata Telephones, WB Telecom Circle, ITPC- Kolkata, Cote TW- TX (East). Not attached with any other Credit Cooperative society registered with B.S.N.L.
Thrift Fund	It shall be compulsory for every member of Society to subscribe this fund at the rate of Rs.1000/- (Rupees One thousand) per month which may be changed time to time as per the decision of the General Meeting. Monthly subscription shall be placed at the credit of the member in the Fund until the member ceases to be a member. The Society shall allow an interest on the amount of thrift fund credited as per rate of interest on deposit.
Guarantee Fund	The Society may maintain a Guarantee Fund calculated @2% (Two percent) on the amount of loan sanctioned (Except emergency loan). The Society shall allow an interest on the amount of Guarantee fund credited as per rate of interest on deposit.
Share	10% (Ten percent) or proportionate Share (Maximum Share amount is limited to Rs. 48000/-) will be deducted at the time of disbursement of loan. Society shall give Dividend on the amount at credit at a rate that to be fixed at the General Meeting.
Renewal / closure of Loan	Renewal of Loan will be sanctioned after recovery of 50% of existing loan. There will be NO PENALTY for pre closure of loan after locking period. No penalty is chargeable if the existing loan is adjusted with new loan.
Address and service of Sureties	At least One surety should have permanent address within the state of West Bengal only. All Sureties are to be in Service till the loan completion of Loanee.