The society is started in the year and is run by employees( officer and workmen) of the karur vysya bank, it is owning building at 4th cross, sourashtra nagar, near nungambakam railway station, Chennai and functioning in its own building. It is managed by elected body and elected body consist of officer cadres and workmen cadres. The all employees of karur vysya bank are permitted to member of the society. It is co-operative society, it is extending loans to members and collect deposit also from membe₹ Further, it also raise share capital from members and also collect amount for monthly saving schemes. The details of the loan eligibility and share capital is discussed in relevant headings.
Any employee either officer or workmen can be a member of the society to avail the benefits. To be came member employee has to purchase minimum of 1 share face value of ₹10/-, . Any employee wants to be a member of society, he/she has to download the society application from the download gallery and on duly fillup, it is to be submitted to society office along with DD of ₹11/- taken in favour of KVB Employees Thrift society.
In the event of death of a subscriber, his nominees or legal heirs shall eligible for assistance of ₹1,50,000.00 as an act of benevolence
|Continuatues Membership with society||Upto 5 years ₹||5-10 years ₹||10-15 years ₹||15-20 years ₹||Above 20 years ₹|