Savings Account
A member savings account earning interest on the daily balance, with passbook and free SMS alerts.
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Registered Co-operative Society · Karauli, Rajasthan
Strengthening Members.
Strengthening Members.
Building Financial Futures.
Jumbo Credit & Thrift Co-operative Society Ltd. is committed to responsible co-operative financial services, member participation and long-term financial growth — guided by its registered bye-laws and the Rajasthan Co-operative Societies Act, 2001.
- Member-owned co-operative
- One member, one vote
- 7 districts of Rajasthan
Society at a GlanceFigures as provided by the Society
Current
₹100+ CrSociety Scale
30,000+Members
7Districts of Operation
12Elected Board Members
Area of operation
- Karauli
- Dholpur
- Bharatpur
- Alwar
- Sawai Madhopur
- Dausa
- Jaipur
Approved by the Registrar, Co-operative Societies, Rajasthan · Order dated 06.12.2013
Registered Co-operative SocietyRajasthan Co-operative Societies Act, 2001
Members-only ServicesDeposits and loans for members
About the Society
About Jumbo Credit & Thrift Co-operative Society Ltd.
A credit and thrift co-operative society owned by its members, registered with the Registrar of Co-operative Societies, Rajasthan, and operating from its registered office at Ajay Niwas, Gulab Bag, Karauli.
- Co-operative structure
The General Body of members is the final authority. It elects a twelve-member Board of Directors for a five-year term, and the Board chooses the President, Vice-President, Secretary and Treasurer from among its members.
- Member-centric financial services
Savings, term deposit, growth and monthly income schemes, and loans for domestic, social and business needs — available exclusively to members, on terms set under the bye-laws.
- Governed by law and bye-laws
Operations follow the Rajasthan Co-operative Societies Act, 2001, the Rajasthan Co-operative Societies Rules, 2003 and the Society's registered bye-laws, with annual audit and statutory returns to the Registrar.
Our objects, as registered
- Thrift and mutual helpDeveloping unity and the habit of saving among members, and safeguarding their savings.
- Deposits from members onlyRunning savings schemes designed around members' needs.
- Credit on reasonable termsLoans to members for domestic, social, business and other genuine needs.
- Guidance and stewardshipHelping members put their money to prudent use.
7 DistrictsApproved area of operation
Our Financial Services
Services Built Around Members
Every facility of the Society is designed for its members — from a simple savings account to long-term growth schemes and member credit. All terms follow the registered bye-laws and the Society's approved schemes.
Term Deposits
Short and long term deposit receipts from one month to ten years, with fixed maturity values.
View DetailsGrowth Schemes
Jumbo Samriddhi Yojana, Jumbo Double Bond and the 18-month Jumbo Term Deposit Scheme.
View DetailsWomen Members' Scheme
Jumbo Mahila Samriddhi Yojana — a growth deposit exclusively for women members.
View DetailsMonthly Income Scheme
Regular monthly interest from a one-time deposit, designed with retired members in mind.
View DetailsRecurring Deposit
Regular periodic saving, as referred to in the Society's scheme rules.
View DetailsMember Loans
Credit for domestic, social and business needs, sanctioned by the Board under the lending policy.
View DetailsLoan Against Deposit
Liquidity of up to 80% against a Jumbo Monthly Income Scheme deposit.
View DetailsDeposit Schemes
Deposit Schemes at a Glance
A summary of the schemes printed in the Society's deposit scheme booklet. Full terms, maturity values and premature-withdrawal rules are on the Deposit Schemes page.
| Scheme | Type | Minimum deposit | Tenure | Interest / growth | Premature withdrawal | Details |
|---|---|---|---|---|---|---|
| Savings Account | Savings | Account opened with zero balance; a balance of ₹100 is to be maintained while transacting. | Ongoing (no fixed term). | 6% p.a. on daily balance | Not applicable | Details |
| Short Term Deposit Receipt (STDR 2001) | Term | ₹5,000, and thereafter in multiples of ₹100. | 1 month, 3 months, 6 months, 1 year, 2 years or 3 years. | 8% to 13% p.a., by tenure | Restricted; see scheme table | Details |
| Long Term Deposit (STDR 2002) | Term | ₹5,000, and thereafter in multiples of ₹100. | 10 years. | 15% p.a. | After 3 years, at reduced rates | Details |
| Jumbo Samriddhi Yojana (TDR 2005) | Growth | ₹1,000, and thereafter in multiples of ₹100. | 72 months. | 2.5 times in 72 months | After 3 years, at 6% p.a. | Details |
| Jumbo Mahila Samriddhi Yojana (JMSY 2010) | Growth | ₹5,000, and thereafter in multiples of ₹100. | 61 months. | Doubles in 61 months | After 3 years, at 6% p.a. | Details |
| Jumbo Double Bond | Growth | ₹1,000, and thereafter in multiples of ₹100. | 65 months. | Doubles in 65 months | After 3 years, at 6% p.a. | Details |
| Jumbo Term Deposit Scheme (18 months) | Term | ₹5,000, and thereafter in multiples of ₹1,000. | 18 months. | ₹1,20,000 per ₹1 lakh | Not available | Details |
| Jumbo Monthly Income Scheme (MIS 2004) | Income | ₹10,000, and thereafter in multiples of ₹1,000. | 3 years or 5 years. | 12% / 12.5% p.a., paid monthly | After lock-in, at 6% p.a. | Details |
| Recurring Deposit | Savings | As per scheme rules | As per scheme rules | As per scheme rules | As per scheme rules | Details |
Scheme terms, rates and maturity values are as printed in the Society's deposit scheme booklet and are subject to revision by the Society in accordance with its bye-laws and applicable rules. Please confirm the prevailing terms at the registered office before placing a deposit.
Loan Services
Credit for Members, on Co-operative Terms
The Society lends only to its members, within limits and on terms fixed by the Board of Directors under its lending policy and registered bye-laws.
Member Loans
Credit facilities for members' domestic, social, business and other genuine needs, sanctioned by the Board of Directors under the Society's lending policy.
- Eligibility
- Members of the Society whose membership rights are in force. Loans are not extended to no…
- Interest
- Determined by the Board of Directors from time to time and stated in the Society's lendin…
Loan Against Monthly Income Scheme Deposit
A loan facility against a member's Jumbo Monthly Income Scheme (MIS 2004) deposit, without breaking the deposit.
- Eligibility
- Members holding a Jumbo Monthly Income Scheme (MIS 2004) deposit with the Society.
- Interest
- 22% per annum, calculated with monthly compounding, as printed in the scheme rules.
01
Members only
The Society lends only to its members, in line with its co-operative objects.
Bye-law 19.102
Prudent exposure
No single borrower may receive more than 10% of the Society's total deposits.
Bye-law 19.103
Board sanction
Loans are sanctioned by the Board of Directors for necessary and proper purposes, within the minimum and maximum limits fixed for each scheme.
Bye-law 19.2
Membership
Become a Member
Membership is the foundation of the Society. Every account, deposit and loan facility is available exclusively to members, and every member has a voice in the General Body.
- 1
Apply in the prescribed form
Submit the membership application in the Society's prescribed form at the registered office or a branch.
- 2
Pay the membership fee and share money
Deposit the membership fee of ₹10 and purchase at least one share of ₹100. A member may hold shares up to one-fifth of the Society's share capital or ₹5 lakh, whichever is less.
- 3
Sign the declaration
Sign the declaration to abide by the Society's bye-laws and rules. Membership rights are exercisable only after the declaration is signed and the fee and share money are paid.
Savings and deposit schemes
Savings Account, short and long term deposits, growth schemes, a scheme for women members and a monthly income scheme.
Member credit
Loans for domestic, social and business needs and a loan facility against Monthly Income Scheme deposits, on Board-approved terms.
Passbook and free SMS alerts
A passbook for every account and SMS facility free of charge, as provided in the scheme rules.
Democratic ownership
One member, one vote; the right to elect the Board and to be heard in the General Body.
Governance & Board
Elected Leadership, Accountable to Members
The Board of Directors is elected by the General Body under the Rajasthan Co-operative Societies Act, 2001. Office bearers as per the Managing Committee list dated 06 September 2024.
Shri Badri Lal
PresidentElected Office Bearer
Smt. Vindo Bai
Vice-PresidentElected Office Bearer
Shri Ved Prakash Singh
SecretaryElected Office Bearer
+91 99280 54064Shri Kulwant
TreasurerElected Office Bearer
Management Contact
Call Secretary
Shri Ved Prakash Singh
Secretary, Jumbo Credit & Thrift Co-operative Society Ltd.
- +91 99280 54064
- Ajay Niwas, Gulab Bag, Karauli, Rajasthan, India
Governance. Transparency. Responsibility.
Compliance Built into the Constitution
The registered bye-laws set out how the Society is run, audited and supervised. The commitments below are drawn directly from them.
Statutory framework
Registered and governed under the Rajasthan Co-operative Societies Act, 2001 and the Rules, 2003; the Registrar may inspect and inquire into the Society's affairs.
Bye-laws 4.1, 23.4, 23.5Annual audit
Accounts are audited every year under Section 54 of the Act by a departmental auditor or a chartered accountant approved by the General Body.
Bye-law 22.1Disclosure to members
The balance sheet and profit and loss account are placed before the Annual General Meeting, sent to the Registrar and published in a reputed newspaper.
Bye-law 22.2Prudential limits
Deposits and liabilities are capped at ten times the paid-up share capital and reserves without the Registrar's approval; no borrower may receive more than 10% of total deposits.
Bye-laws 18.4, 19.1Liquidity reserve
At least 10% of total deposits is held as fixed deposits with a Central Co-operative Bank, the Apex Bank, a Scheduled Bank or a Nationalised Bank.
Bye-law 14.8.14Democratic control
Elections are conducted by the Rajasthan State Co-operative Election Authority; directors and staff are personally accountable for loss caused by negligence or breach of trust.
Bye-laws 14.2, 14.7Jumbo Credit & Thrift Co-operative Society Ltd. is a co-operative society, not a bank, and is not controlled or operated by the Government. Deposit and loan facilities are available to members only.
Documents & Compliance
Official Documents
View or download the Society's registered bye-laws, Registrar's orders and scheme documents.
Bye-laws
Registered Bye-laws of the Society
The Society's registered bye-laws (उपनियम) covering name and registered office, area of operation, objects, membership, shares, deposits, lending, the General Body, the Board of Directors, office bearers, profit distribution, accounts and audit. Each page bears the stamp of the Assistant Registrar, Co-operative Societies, Karauli.
Registrar's Order
Registrar's Order — Extension of Area of Operation
Order of the Registrar, Co-operative Societies, Rajasthan (Ref. F.15(19)/Saviara/Bank-1/Bharatpur Zone/CTCS/2013) approving the amendment of bye-law 3 and extending the Society's area of operation from Karauli district to Karauli, Dholpur, Bharatpur, Alwar, Sawai Madhopur, Dausa and Jaipur districts.
Scheme Document
Deposit Scheme Booklet (Extract)
Extract from the Society's deposit scheme booklet: Savings Account rules and charges, term deposit schemes (STDR 2001, STDR 2002, TDR 2005 Jumbo Samriddhi Yojana, JMSY 2010 Jumbo Mahila Samriddhi Yojana, Jumbo Double Bond, STDR 2001-18M) and the Jumbo Monthly Income Scheme 2004.
News & Notices
Latest from the Society
Elected Managing Committee constituted for the new term
The Election Officer has issued the list of the twelve elected members of the Managing Committee dated 06 September 2024, including the President, Vice-President, Secretary and Treasurer.
View the Board of DirectorsArea of operation extended to seven districts of Rajasthan
By order dated 06 December 2013, the Registrar, Co-operative Societies, Rajasthan approved the amendment of bye-law 3, extending the Society's area of operation to Karauli, Dholpur, Bharatpur, Alwar, Sawai Madhopur, Dausa and Jaipur districts.
Read the Registrar's orderFAQ
Frequently Asked Questions
Answers drawn from the Society's registered bye-laws and scheme documents.
It is a member-owned credit and thrift co-operative society registered with the Registrar of Co-operative Societies, Rajasthan, and governed by the Rajasthan Co-operative Societies Act, 2001 and the Rules, 2003. Its registered office is at Ajay Niwas, Gulab Bag, Karauli. Its objects include promoting thrift and mutual help among members, accepting deposits from members and lending to members for their domestic, social and business needs. It is a co-operative society, not a bank.
Any adult who is competent to contract, resides within the Society's area of operation (Karauli, Dholpur, Bharatpur, Alwar, Sawai Madhopur, Dausa and Jaipur districts), needs the Society's services and is willing to fulfil the obligations of membership may apply, subject to the eligibility conditions in the Rajasthan Co-operative Societies Act, 2001 and the Society's bye-laws.
As per the bye-laws, an applicant pays a membership fee of ₹10 and purchases at least one share of ₹100, submits the application in the prescribed form and signs a declaration to abide by the Society's bye-laws and rules. Membership rights begin once these formalities are complete.
The Society's scheme booklet lists a Savings Account (6% p.a. on daily balance), Short Term Deposit Receipts (STDR 2001, 1 month to 3 years), a Long Term Deposit (STDR 2002, 10 years), the Jumbo Samriddhi Yojana (2.5 times in 72 months), the Jumbo Mahila Samriddhi Yojana for women members (double in 61 months), the Jumbo Double Bond (double in 65 months), the Jumbo Term Deposit Scheme (18 months) and the Jumbo Monthly Income Scheme 2004. All schemes are open to members only.
No. Under bye-law 3.2 the Society accepts deposits only from its members. A person must first be admitted as a member before opening any account or placing a deposit.
Each scheme has its own rule. Short-tenure STDR 2001 options (1, 3 and 6 months) and the 18-month Jumbo Term Deposit do not allow premature payment. Other schemes allow premature payment only after a lock-in period and at a reduced rate stated in the scheme table. Please see the Deposit Schemes page for the exact rule of each scheme.
Member Support
Need Assistance?
The Society office is happy to help with membership, deposit schemes, loans, passbooks and service requests. Please call or visit the registered office, or send an enquiry through this website.
- Secretary
Ved Prakash Singh · +91 99280 54064 - Registered Office
Ajay Niwas, Gulab Bag, Karauli, Rajasthan - Email
admin@jctcsl.com