Salary Saver Scheme

The Salary Saver Scheme is a convenient and disciplined savings solution designed for salaried individuals who wish to build wealth through regular monthly savings. Under this scheme, a fixed amount is deposited every month from the member’s salary, helping them develop a consistent savings habit without affecting their day-to-day financial planning.

Whether you are saving for your child’s education, a home, retirement, emergencies, or future investments, the Salary Saver Scheme provides a safe and systematic way to achieve your financial goals. By automating monthly deposits, members can enjoy the benefits of steady wealth creation while earning attractive returns on their savings.

The scheme is ideal for employees of government organizations, private companies, educational institutions, cooperative organizations, and other establishments.

Scheme Features Benefits Who Can Apply? Why?
  • Regular monthly savings through salary deduction or monthly deposits
  • Minimum monthly contribution as prescribed by the Society
  • Flexible contribution amounts based on individual financial capacity
  • Attractive interest rates as per the Society's prevailing policy
  • Safe and secure savings with assured returns
  • Flexible tenure options
  • Nomination facility available
  • Loan facility against eligible savings
  • Simple enrollment process
  • Easy account management

Automatic Savings
Save consistently every month without the need to remember payment dates, making financial planning effortless.

Financial Discipline
Regular monthly contributions encourage disciplined saving habits and help build a strong financial future.

Attractive Returns
Earn competitive interest on your savings while enjoying the safety of investing with a trusted cooperative society.

Goal-Based Savings
Build a dedicated fund for:

  • Children's Education
  • Marriage Expenses
  • Home Purchase or Renovation
  • Medical Emergencies
  • Retirement Planning
  • Festival Expenses
  • Vacation Planning
  • Wealth Creation

Financial Security
Create a reliable financial cushion to meet unexpected expenses and future commitments.

Loan Facility
Eligible members may avail loans against their accumulated savings, subject to the Society's lending policies.

Flexible Contributions
Increase or modify your monthly savings amount (subject to Society rules) as your income and financial goals change.

Nomination Facility
Ensure your savings remain protected for your family by registering a nominee.

The Salary Saver Scheme is suitable for:

  • Government Employees
  • Private Sector Employees
  • Teachers and Educational Staff
  • Bank Employees
  • PSU Employees
  • Cooperative Society Employees
  • Corporate Professionals
  • Healthcare Professionals
  • Any salaried individual eligible for membership
  • Convenient monthly savings
  • Encourages disciplined financial planning
  • Safe and secure investment
  • Attractive interest earnings
  • Flexible contribution options
  • Loan facility against eligible balance
  • Transparent and member-friendly services
  • Trusted cooperative financial institution

Documents Required

  • Membership ID (where applicable)
  • Aadhaar Card
  • PAN Card (if applicable)
  • Passport-size Photograph
  • Address Proof
  • Salary Certificate or Latest Salary Slip
  • Employee ID Card
  • Bank Account Details
  • Mobile Number
  • Nomination Details