1. Opening of Account:- Account can be opened in multiples of minimum Rs.20/- and further Rs.10/-. Koshi Co-operative reserves the right to reject any application without assigning any reason. Koshi Co-operative reserves the right to transfer any account associated with its other branch office / branch office of the Motivator.

2. Tenure of the account:- The tenure of the account will be 12 to 60 months.

3. Method of depositing installments: – All payment towards Koshi Co-operative will be given by depositing cash against the receipt issued by the machine of the person authorized by the Koshi Co-operative. The depositor himself will be responsible for the amount deposited by means other than the above method. Installments will be deposited regularly for each day.

4. Regarding issue of passbook: – A passbook will be made available to each account holder. The entry of the deposit amount will be made by the account holder in the passbook every month. After depositing all the installments, the account holder will return the passbook to the Koshi Co-operative. If there is any difference or difference in the entry made in the passbook and the receipt signed by the Koshi Co-operative’s seal and the authorized officer of the office, then the payment will be made on the basis of ledger.

5. Maturity: – At the end of the period, the account holder member will be paid the deposit amount along with the interest fixed by the Koshi Co-operative. After one year the payment can be made on the demand of the member along with the prescribed interest.

6. Nomination of two successors (double nominee system): two heirs determining the ratio of the amount to be received by the heir Can appoint but for this declaration should be made only at the time of opening the account.

7. 75% of the deposit amount on demand of the member. S.L. To be paid as loan Rs.19999 up to Rs.20000 (T/C Apply).

8. Term loan on deposits to the member and C.C. Lending will also be considered.

9. Members who deposit money in the account regularly after two years, in case of accidental death, three times the first year’s deposit and in case of normal death, the security amount equal to the first year’s deposit (maximum Rs. 2 lakh) will be given as This facility will be payable to the members up to the age of 70 years.

10. In case of loss/destruction of the passbook, on written request by the customer, a duplicate copy will be provided by the Koshi co-operative after verification and correct identification on payment of the Koshi co-operative’s prescribed fee. (fixed fee- 100/- )