Make use of loan facilities, retired employees told

He was speaking at the Retired Government Employees Association meeting organised by the town’s SBM branch.

The bank had Rs 31 crore deposit and it has disbursed Rs 27 crore loan to take up lot of development work. It has earned a profit of Rs 1.84 crore, he added.

The retired government employees can avail loan 12 times their pension. For the family pensioners nine times the pension amount. Those below 72 years are eligible for loans at 7.25 per cent interest, he said.

To benefit the retired employees, a savings plan has also been started. In order to provide good and instant services to the customers, single window clearance will be implemented. They will be provided with clean drinking water, he said. The customers can also utilise the toilet facilities in the bank. The senior citizens and the physically challenged will be given first preference to serve, he said.

The eligible will be provided education and home loans. Deposits will be accepted from non resident Indians, said Kulgod.

He appealed to the retired employees to open accounts and also deposit money.
Taluk Retired Government Employees Association president N Venkoba Rao, secretary N Srinivas Reddy, vice president Kamalamma and treasurer Tippa Reddy, S Nagaraj and Narayanswamy proposed a vote of thanks.