Shareholder
Services Offered To The Members Are As Follows
- Financial assistance, under the member’s welfare scheme for medical, education, sports purposes.* Terms and Condition
- Customised Health Checkup at NM Medical Centre-Mumbai, for members who are 40 years and above of age.* click here for Application form
- Members are covered under personal death accident insurance for Rs.1.00 lacs.*
- Holiday home facility at Panchgani(Dandeghar)click here for Application form and click here for Route Map.
Note:- Industry Update - Attention to all Shareholders TDS on Interest on Term Deposits of Members (Shareholders)
Section 194A - Interest other than " Interest on Securities" Finance Bill 2015, has proposed amendment to provide for deduction of TDS in respect of interest paid by Co-operative banks to its members w.e.f 1st June 2015.
Bank as a Unit
Finance Bill 2015, has proposed amendment that a limit of Rs.10,000*(For senior citizen Rs.50,000) interest for deduction of TDS is to be computed with reference to the interest credited / paid by a banking company (Bank as a unit, when the bank has adopted Core Banking Solution (CBS) instead of per branch considered earlier w.e.f 1st July 2015.
Definition of a Time DepositFinance Bill 2015, has amended the definition of Time Deposit to include Recurring Deposit which was not there earlier w.e.f 1st July 2015.
In view of the above, all esteemed Members of the Bank are requested to submit "Form 15H" and "Form 15G", if applicable, from the current financial year to your Home Branch at the earliest.
We value your banking association with us and look forward to maintain the same patronage with us in future. For any further enquiries, please contact your nearest Branch or Corporate Office for clarification.
