Shareholder Scheme

Well being of the Shareholders is always the focus area for TJSB Sahakari Bank Limited. For benefit of the Shareholders following Medical / Financial Assistance Schemes are available.
( w.e.f. 10th Feb, 2016 )

Member can avail benefits of the following treatments under this scheme.
Benefits :
  • MRI/CT Scan (Once in lifetime) :Rs. 5,000/- or at actual, whichever is less.
  • Cataract operation (For each eye) :Rs. 10,000/- or at actual, whichever is less.
  • Panchkarma (Once in 5 years) :Rs. 5,000/- or at actual, whichever is less.
  • Hospitalization for 5days or more :Rs. 10,000/- or at actual, whichever is less.
    • (Once in 5 years)
Eligibility :
  • While applying shareholder should have completed 60 years of his/her age and should have minimum shareholding of 40 shares and have completed minimum 5 years of membership.
  • While applying Shareholder should not be a defaulter as borrower/ guarantor.
  • In case of joint shareholding, benefits will be given to the member whose name appears first.
Requirements:
  • Prescribed application form duly filled in by Shareholder along with copy of share certificate.
  • Supportings are in original form like Medical Bills, Hospital Bills, Admit and Discharge card from hospital etc.
  • In case of Shareholder is covered under any Mediclaim policy, he/she should have to provide declaration regards to expenses claimed under this scheme are over and above the said mediclaim policy.
Education:
Financial help for education for children of needy shareholder.
5,000/- or at actual whichever is less for two children (each) for their higher education (Recognized professional courses) and once in a lifetime.
(If husband and wife both are shareholders, then only one shareholder can apply under this scheme)
Eligibility:
  • While applying shareholder should have minimum shareholding of 40 shares and have completed minimum 5 years of membership.
  • While applying Shareholder should not be a defaulter as borrower/ guarantor.
  • While applying annual income of the family should not be more than 1,50,000/- per annum.
Requirements:
  • Prescribed application form duly filled in by Shareholder along with copy of share certificate.
  • Supportings are in original form like fees receipt from College/University/Institute.
  • Proof of Annual income from Income tax authority or equivalent authority.

Under this scheme member can do the following tests free of cost through the hospital, which is in tie-up arrangement with the Bank once in two years. (Thane resident members can avail the facility at Kaushalya Medical Foundation, Panchpakhadi, Thane being they are in existing tip-up arrangement with Bank)

  • General physician check-up
  • CBC
  • Serum creatinine
  • Serum cholesterol
  • FBS & PLBS
  • Serum proteins
  • Urine routine
  • ECG
  • Chest X-ray
  • Ultrasonography of pelvis
  • Mamography for females
  • Prescribed application form duly filled in by Shareholder along with copy of share certificate.
  • If the member remains absent on the appointment day of medical check-up, he/she will not be entitled to get benefit under this scheme for next six months.

Note: After submission of application form to nearest branch, member has to wait for call of an appointment from concern hospital.

OR

Bank shall pay 1500/- or actual bill (whichever is less) to member on submission of Medical test reports & bills, if the member has undergone with the mentioned medical tests at his nearest pathology.
  • Prescribed application form duly filled in by Shareholder along with copy of share certificate and copy of medical tests report and original bill.
  • While applying shareholder should have completed 55 years of his age and should have minimum shareholding of 40 shares and have completed minimum 5 years of membership.
  • While applying Shareholder should not be a defaulter as borrower/ guarantor.
  • In case of joint shareholding, benefits will be given to the member whose name appears first

Under this scheme shareholder can avail following benefits (Once in a life time)

  • Financial help for medical treatment of Rs. 10,000/- or at actual expenses whichever is less.
  • Angiography Rs. 7,500/-
  • Angioplasty / Cardiac Surgery/ Cancer/ Dialisis/ Brain surgery Rs. 20,000/-
  • While applying shareholder should have completed 60 years of his age and should have minimum shareholding of 40 shares and have completed minimum 5 years of membership.
  • While applying Shareholder should not be a defaulter as borrower/ guarantor.
  • In case of joint shareholding, benefits will be given to the member whose name appears first.
  • Prescribed application form duly filled in by Shareholder along with copy of share certificate.
  • Supportings are in original form like Medical Bills, Hospital Bills, Admit and Discharge card from hospital etc.
  • In case of Shareholder is covered under any Mediclaim policy, he/she should have to provide declaration regards to expenses claimed under this scheme are over and above the said

Under this scheme shareholder can avail following benefits:

  • Gift of Rs. 5,000/- to shareholder on his/her 70th birthday. (to be applied within one year after completion of 70 years)
  • Gift of Rs. 2,500/- to shareholder on wedding occasion of his/her 2 children. (If husband and wife both are shareholder, then maximum amount will be 2,500/- only)
  • While applying shareholder should have completed 60 years of his age and should have minimum shareholding of 40 shares and have completed minimum 5 years of membership.
  • While applying Shareholder should not be a defaulter as borrower/ guarantor.
  • In case of joint shareholding, benefits will be given to the member whose name appears first.
  • Prescribed application form duly filled in by Shareholder along with copy of share certificate.
  • Supportings are in xerox form of like any proof of date of birth, wedding card
Natural Death:
Under this circumstances amount of 5,000/-will be paid to nominee for natural death.
Accidental Death:
Under this circumstances amount of 25,000/-will be paid to nominee for accidental death.
Below mentioned death cases will not be considered under this scheme:
  • Suicidal death.
  • Intake of intoxicating liquor or drug at the time of death.
  • Whilst engaged in aviation or ballooning or travelling in aircraft other than as a passenger in any duly licensed type of aircraft anywhere in the world.
  • Direct or indirect death due to venereal disease or insanity.
  • Death arising or resulting from any breach of law with criminal intent.
  • Death due to radiation or contamination by radio activity from any nuclear fuel/nuclear waste/nuclear fission.
  • Death due to reasons directly or indirectly connected with war/revolution/civil war/ rebellion etc.
  • Death due to directly or indirectly caused by or contributed to by or arising from nuclear weapons/ materials.
  • Death directly or indirectly caused by contributed to or aggravated or prolonged by child birth or pregnancy or in consequence thereof.
  • While applying deceased shareholder should have minimum shareholding of 40 shares and have completed minimum 5 years of membership.
  • While applying deceased shareholder should not be a defaulter as borrower/ guarantor.
  • Prescribed application form duly filled in by registered nominee of shareholder along with copy of share certificate.
  • Supporting is Xerox copy of death certificate.
  • KYC documents of nominee.
GENERAL CONDITIONS:
  • 1.Sanction/Rejection of the applications received under shareholders scheme are under sole discretionary power of Bank.
  • 2.Granting of any facility under Shareholders scheme will be subject to availability of funds from the Members Welfare fund in the financial year.
  • 3.Bank shall have the absolute discretion at any time or from time to time to add, to amend, to modify or to delete any of the schemes given herein.
  • 4.In one financial year, shareholder can avail the benefit of any two schemes only.
  • 5.Any supplementary documents for encashment under any scheme should pertain to that particular financial year only.
  • 6.To apply for benefit of any scheme shareholder should be active member.
Download Application Form for Assistance Under Member's Welfare Fund Scheme
Contact Details
TJSB Sahakari Bank Limited
Shares Department
TJSB House, Plot No.B-5, Road No.2,
Wagle Industrial Estate, Thane (W) - 400 604

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