C Class Membership

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C Class Membership


Any person who is co-partner or who desires to stand surety for a borrowing member of the bank or who desires to borrow occasionally for a temporary period against certain tangible securities such as gold and silver ornaments, life insurance policies and Government and other securities may be enrolled as a nominal member upon his application in a prescribed form on payment of Re. One as non –refundable entrance fee provided he resides or is gainfully engaged in any occupation within the area of operation of the Bank.

The Nominal member shall not be entitled :-

  • For a share in the Bank.
  • To receive audited accounts and annual reports
  • To attend, to participate and to vote in the General Meetings and /or special General Meetings of the Bank.
  • To any assets or profits of the bank

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