Terms & Conditions


Welcome to our website. If you continue to browse and use this website you are agreeing to comply with and be bound by the following terms and conditions of use, which together with our privacy policy govern Shree Maa Laxmi Co Operative (U) Thrift & Credit Society Ltd.’s relationship with you in relation to this website.

The term ' Shree Maa Laxmi Co Operative (U) Thrift & Credit Society Ltd. ' or 'us' or 'we' refers to the owner of the website whose registered office is 1/4704, Gali No.4-C, Balbir Nagar Extn., Shahdara, Delhi-110032. Our company registration number is 10284E, Delhi. The term 'you' refers to the user or viewer of our website.

The use of this website is subject to the following terms of use:

  • The content of the pages of this website is for your general information and use only. It is subject to change without notice.
  • Neither we nor any third parties provide any warranty or guarantee as to the accuracy, timeliness, performance, completeness or suitability of the information and materials found or offered on this website for any particular purpose. You acknowledge that such information and materials may contain inaccuracies or errors and we expressly exclude liability for any such inaccuracies or errors to the fullest extent permitted by law.
  • Your use of any information or materials on this website is entirely at your own risk, for which we shall not be liable. It shall be your own responsibility to ensure that any products, services or information available through this website meet your specific requirements.
  • This website contains material which is owned by or licensed to us. This material includes, but is not limited to, the design, layout, look, appearance and graphics. Reproduction is prohibited other than in accordance with the copyright notice, which forms part of these terms and conditions.
  • All trade marks reproduced in this website which are not the property of, or licensed to, the operator are acknowledged on the website.
  • Unauthorized use of this website may give rise to a claim for damages and/or be a criminal offence.
  • From time to time this website may also include links to other websites. These links are provided for your convenience to provide further information. They do not signify that we endorse the website(s). We have no responsibility for the content of the linked website(s).
  • You may not create a link to this website from another website or document without Shree Maa Laxmi Co Operative (U) Thrift & Credit Society Ltd.’s prior written consent.
  • Your use of this website and any dispute arising out of such use of the website is subject to the laws of India or other regulatory authority.

"We as a merchant shall be under no liability whatsoever in respect of any loss or damage arising directly or indirectly out of the decline of authorization for any Transaction, on Account of the Cardholder having exceeded the preset limit mutually agreed by us with our acquiring bank from time to time"

General Guidelines

  1. Any Person who is the resident of Delhi can become a Member of Society.
  2. Interest Rates (on Loan is @15% P.A., on C.D. is @7% P.A., on O.D. is @7% P.A.
  3. Maximum Loan Limit is Rs.50, 000/- for Regular Loan & Rs.5000/- for Emergent Loan.
  4. Regular Loan will be deducted in 25 installments; Emergent Loan will be deducted in 10 installments.
  5. Saving Deposit/Recurring Deposit/Loan Installments should be deposit before 10th of every month to avail interest benefits.
  6. No interest will be charge on loan if loan refund before 10th of month.
  7. No Loan will be issue if there is any Previous Loan Balance is Outstanding.
  8. Full Month interest will be charged if Loan Issued on or before 15th of month.
  9. Half-Month interest will be charged if Loan issued after 15th of month.
  10. For Regular Loan Share money & C.D. should be 1/10th of Total Loan & Two witness required.
  11. For Regular Loan documents as mentioned on Loan Form are compulsory required.
  12. Pass-Book Entry will be updated quarterly.
  13. Rs.75/- will be charge for issue of duplicate Pass Book.
  14. Rs.75/- will be charge for duplicate Cheque Book.
  15. Recurring Deposit Scheme (Interest rate from 7% to 12%) Minimum Amt. Rs.200/- Per Month.
  16. Fixed Deposit Scheme (Interest rate from 7% to 12%) Minimum Amt. Rs.2000/-