Frequently Asked Questions (FAQs)
Sanchar Nigam Pensioners' Multipurpose Co-operative Society Ltd. (SNPMCSL)

Q1. Is there any registration fee?
Ans: No, there is no registration fee. Interested members may visit the official website at https://www.snpccs.co.in and proceed with the registration by clicking on the “Register” tab.

Q2. What is the minimum and maximum monthly subscription amount?
• Minimum subscription amount: Rs. 2,000 per month.
• Maximum subscription amount: Rs. 10,000 per month.
• Members may choose any amount within this range according to their preference.

Q3. What interest rate is offered on monthly deposits?
Ans: An interest of 7% per annum is accrued on the deposited subscription amount.

Q4. What are the loan facilities available for members?
• Members are eligible for loans up to five times the total deposited amount.
• Example: A member with Rs. 40,000 in deposits may apply for a loan of up to Rs. 2,00,000.
• Interest rate: 9.5% per annum.
• Note: Final approval is subject to the decision of the Board of Directors (BoD).

Q5. Is the accrued interest paid out annually?
• No. The interest accrued at the end of the financial year is automatically added to the principal subscription amount.
• This updated balance will be reflected as the 'Total Deposited Amount' on the member dashboard.
• Members can log in via the “Membership Login” tab to view their account.
• A partial withdrawal of up to 75% of the deposited amount is permitted.

Q6. Are members offered shares in the society?
• Yes. The Society offers shares under two fixed categories:
• Category "A"-Rs. 10,000 (Face value of Rs.100 each i.e. 100 shares)
• Category "B"-Rs. 2,000 (Face value of Rs.100 each i.e. 20 shares)
• Members may opt for either of these two. Intermediate share values are not available.

Q7. What are the terms and conditions for availing a loan?
• Loan applications must be submitted exclusively through the online “Loan Application” tab on the official website. Offline applications will not be entertained.
• Loan Amount Eligibility: Up to Rs. 2,00,000.
• Loan Tenure Details:
• • Loans up to Rs. 1,00,000 – Tenure: 1 year or 2 years.
• • Loans between Rs. 1,00,001 and Rs. 2,00,000 – Tenure: 2 years or 5 years.
• Interest Rate: 9.5% per annum.
• EMI deductions will commence from the following month, as per the selected tenure.
• All loan approvals are subject to the formal resolution by the Board of Directors.

Q8. Is it mandatory to upload a photograph and signature during registration?
Ans: Yes. It is mandatory to upload a passport-size photograph and a digital signature at the time of registration. This step is essential to ensure identity verification and the authenticity of membership records.