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Membership & Joining
Learn about regular and nominal membership, eligibility and joining formalities.
View membership charges →✦ ✧ ✦
MEMBER SERVICES & FACILITIES
Your Financial Well-being, Our Commitment
Explore Our Facilities
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Savings Account
Save and manage funds through the Society’s savings account facilities.
Explore details →💰
Fixed Deposits
Explore term deposit options, including cumulative and interest-payout facilities.
Explore details →📅
Recurring Deposits
Build regular savings through recurring deposit contributions.
Explore details →🤝
Member Loans
Regular member loans at 8.20% p.a., subject to eligibility and Society rules.
Explore details →📱
Digital Fund Transfers
IMPS and NEFT facilities support outward transfers, subject to applicable limits and verification.
Explore details →Membership Details
Eligibility, joining process, documents, benefits and initial contributions
Become a Member of Our Society
The Society has served RBI employees for over a century, offering savings, financial services and member welfare facilities.
Membership Eligibility
Regular Membership: Eligible serving RBI employees and officers, Society employees, and other applicants or institutions permitted under the Society rules. Applicants must be at least 18 years old, submit the prescribed application and contributions, and receive approval.
Nominal Membership: Available to eligible applicants under Society rules. Nominal members may use permitted services but do not have voting or management rights.
Membership Fees / Account Opening Charges
Total amount payable at account opening₹5,510
| Particulars | Amount |
|---|---|
| Entrance Fee | ₹100 |
| MTRM Contribution | ₹4,710 |
| Minimum Savings Account Balance | ₹200 |
| Share Capital | ₹500 |
| Total Amount | ₹5,510 |
Benefits & Refund Conditions
Entrance Fee — ₹100
Non-refundable.
MTRM Contribution — ₹4,710
Gold coin benefit at retirement. The contribution is refundable with interest in specified circumstances, such as resignation or death, subject to applicable Society rules.
Minimum Savings Balance — ₹200
This amount is maintained as the minimum balance in the savings account.
Share Capital — ₹500
Refundable subject to applicable rules and eligible for dividend, if declared.
Scheme benefits, refunds and dividend eligibility are subject to the Society's applicable rules and decisions. Please confirm current terms before applying.
Documents Required
- Duly completed and signed membership application form.
- Photocopy of RBI Employee Identity Card.
- Latest month’s RBI salary slip.
- Self-attested PAN card copy.
- Self-attested Aadhaar card or other acceptable address proof.
- Recent passport-size photograph and prescribed nomination details.
How to Become a Member
- 1. Obtain the form from a Society office or download it from the website.
- 2. Complete and sign the form; attach the required documents.
- 3. Submit it at any of the Society’s five offices.
- 4. Pay the applicable fees and initial contributions.
- 5. The Society verifies eligibility and documents; admission requires approval.
- 6. After approval, a membership number is allotted and the applicable savings account is activated.
For RBI Employees in Other Regions
If the Society has no office in your region, send the duly completed and signed form with prescribed documents by Courier or Speed Post to:
Reserve Bank Staff & Officers’ Co-operative Credit Society Ltd., Mumbai, Amar Building, 2nd Floor, Sir P. M. Road, Fort, Mumbai – 400001.
Contact the Society for payment instructions. Enclose all documents and sign the form to avoid delays.
Download Membership Application Form
RBI employees posted in regions without a Society office can download the membership application form here. Print it, complete and sign it, attach the required documents, and send it by Courier or Speed Post to the Society’s Fort office at the address above.
⬇ Download Membership Form (PDF)PDF · 2 pages · Please print and sign before submission.
Membership Benefits
- Savings accounts, fixed deposits and recurring deposits.
- Eligible member loan facilities and welfare schemes.
- Mobile banking, IMPS and NEFT fund transfers, and permitted bill payment services.
- Nomination facilities and service access through five Society offices.
Important Information
Membership is subject to eligibility, verification and approval. The Society may request additional documents. Charges, interest rates, services and scheme conditions may change. Benefits depend on membership category and applicable rules.
For assistance, please visit your nearest Society office.
Savings Account Details
A convenient account for everyday savings and member transactions
Minimum Savings Balance₹200Included in the ₹5,510 initial regular membership contribution
About the Savings Account
The Society provides savings account facilities to eligible members to help them maintain savings and carry out permitted account transactions. Account operation is subject to the Society’s prevailing rules and service availability.
Key Features & Facilities
- Deposit funds into the savings account through methods accepted by the Society.
- Withdraw funds at Society offices, subject to applicable verification, limits and procedures.
- Request eligible outward fund transfers through NEFT and IMPS, subject to applicable service rules and limits.
- Access available mobile banking and account-related services where enabled for the member.
- Obtain account statements and other account-related information through Society-approved channels.
- Register or update nomination details as per applicable requirements.
How to Open a Savings Account
For new regular members, the savings account is activated after membership approval and completion of required formalities. The initial membership contribution includes ₹200 towards the minimum savings account balance. Existing eligible members may contact a Society office for account-related assistance.
Current Savings Interest Rate
3.50% per annum
Monthly compounding · Interest credited at the end of each month
Savings Account Interest
Savings accounts earn interest at 3.50% per annum, with interest credited to the account at the end of every month (monthly compounding).
Important Information
Account eligibility, transaction limits, service timings, charges, interest rates and withdrawal procedures are governed by the Society’s prevailing rules and may change. Please confirm current terms with the Society before initiating a transaction.
Fixed Deposit Schemes
Current interest rates effective from 1 August 2026
13-Month Fixed Deposit · Annual Interest Rate6.55%
Fixed Deposit Interest Rates
| Deposit Scheme | Interest Rate (p.a.) |
|---|---|
| Fixed Deposit – 13 Months (Quarterly Cumulative) | 6.55% |
| FD – Half-Yearly Interest | 5.10% |
| FD – Monthly Interest Credit | 5.10% |
Choose an Interest Option
The 13-month fixed deposit is quarterly cumulative: interest is compounded quarterly and the accumulated amount is paid on maturity. Separate half-yearly and monthly interest-credit options are also available at the rates shown above, effective 1 August 2026.
13-Month Fixed Deposit Maturity Calculator
Enter your deposit amount and annual interest rate. Tenure is fixed at 13 months.
13 months (4 quarters + 1 month)
Quarterly cumulative · paid at maturity
Deposit Principal—
Total Interest Earned—
Maturity Amount (Principal + Interest)—
Yield on Maturity (13-month return)—
Opening or Renewing a Fixed Deposit
Eligible members may contact a Society office to open or renew a fixed deposit. For premature withdrawal of a fixed deposit, a penal interest rate will apply in accordance with the Society’s applicable rules. Please confirm the applicable tenure, minimum deposit, penalty calculation and nomination arrangements with the Society before placing funds.
Request a Fixed Deposit
Complete the details to prepare an email request to the Society's FD department. Your email application will open; please review and press Send.
FD Enquiries
Email: rbsoccsfd@gmail.com
Rates effective from 1 August 2026. Interest rates and deposit conditions may be revised by the Society.
Recurring Deposit Schemes
Interest rates effective from 1 August 2026
Recurring Deposit Interest Rates
| Deposit Scheme | Tenure | Interest Rate (p.a.) |
|---|---|---|
| Regular Recurring Deposit | 12 months | 5.10% |
| Special Recurring Deposit | 24 months | 5.40% |
Save Regularly
Recurring deposits help members build savings through regular instalments over a selected deposit tenure. The Society offers a 12-month RD and a 24-month Special RD at the interest rates shown above.
How to Apply
For opening an RD account, instalment requirements, maturity payment and other applicable conditions, please contact your nearest Society office. Scheme terms are subject to the Society's prevailing rules.
Member Loan Facilities
The Society offers regular loan facilities to eligible members, subject to its prevailing lending rules and approval process.
Regular Loan Interest Rate8.20% p.a.
Maximum Regular Loan Limit₹80,00,000
Rates and loan limit effective from 1 August 2026, as stated in the Society's published interest-rate circular.
Eligibility and Sanction
Loan eligibility, sanctioned amount, repayment period, deductions, documentation and other conditions are determined according to the Society's prevailing rules and approval process. The maximum limit does not guarantee an individual member's eligibility for that amount.
Check Your Loan Eligibility
Enter your monthly salary and proposed loan details to check your estimated eligibility.
Maximum Permissible Monthly Instalment
Estimated Eligible Loan
First-Month Instalment on Requested Loan
Amount Above Estimated Eligibility
This is an estimated eligibility check only. Final loan sanction and any special approval are subject to the Society's verification and competent authority.
How to Apply
Eligible members may contact their nearest Society office for the current loan application form, required documents, eligibility assessment and repayment terms.
Loan Enquiries
Interest rates, limits and loan terms are subject to change under the Society's applicable rules and decisions.
Digital Fund Transfers
Transfer funds from your Society account to accounts held with other banks through available electronic transfer services, subject to the Society’s procedures and verification.
IMPS – Instant Fund Transfer
Instant outward fund transfers through the Society’s supported IMPS service and mobile application, where enabled.
IMPS transfer limit₹2,00,000Subject to applicable transaction limits and Society rules
NEFT – Electronic Fund Transfer
Submit an outward NEFT transfer request through the Society’s prescribed process. Requests are processed during the Society’s applicable processing cycles, subject to verification and availability of the service.
NEFT enquiries: rbsoccsneft@gmail.com
Fill NEFT Request Form →The form prepares an email to rbsoccsneft@gmail.com. You must send it from your email application. Automatic secure submission will require Society server configuration and member authentication.
Information Needed for a Transfer
- Member’s Society account details and transfer amount.
- Beneficiary name, bank account number and IFSC.
- Required authorization and verification as prescribed by the Society.
Important Conditions
Fund transfers are subject to sufficient available balance, correct beneficiary details, service availability, applicable transaction limits, charges (if any), and the Society’s prevailing rules. Please verify account number and IFSC carefully before submitting a request.