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Frequently Asked Questions

  • tick What is JCSSSS LTD.?
  • tick From where and when JCSSSS LTD. is registered?
  • tick What is the procedure to be a Marketing Manager in JCSSSS LTD.?
  • tick What are responsibilities of the the Marketing Manager?
  • tick On what basis does the marketing manager works?
  • tick How to know the account balance?
  • tick Which scheme should take for the monthly deposit?
  • tick What is the procedure to close an account?
  • tick What should i do when my marketing manager don't collect weekly money from me?
  • tick What should i do when i am not getting my weekly reciept from the maketing manager?
  • tick What is the reason of not getting sms on my mobile?
  • tick On what conditions loan will not be accepted?
  • tick Why Society deduct 5% in every loan?
  • tick What is the reason of not getting dividend of every year in the end of march?

JCSSSS ltd.is a multi-state co-operative society.It involves in micro-finance.It provides different schemes for the betterment of social and economic life of human. It's key role in the protection and promotion of the economic and social well-being of its members.

JCSSSS ltd. is registered from MSCS Act Central Government of India in 2010. Its Registration Number is MSCS/CR/328/2010.

Following are the steps to be a M.M in JCSSSS ltd.:
Eligibility-
  • tick Person should be literate and responsible.
  • tick Person should have two Guarantors. One must be senior and another must have ID proof.
  • tick Security will be charged which is refundable.
Criteria-
  • tick Person have to fill up M.M Joining form and submit following documents:
  • tick ID Proof (Driving license/Voter ID Card/PAN Card.)
  • tick Address Proof (Electricity Bill/Water Bill.)
  • tick Passport size Photograph
  • tick PAN Card is Compulsory.
Following are the responsibilities of M.M -
  • tick JCSSSS LIMITED is a co-operative society. Doing of all its activities with collaborative spirit is essiential for all members of the society.
  • tick Being a M.M of society - Two members are required every week and target given by the society every month should be completed with in time for getting remuneration from your junior otherwise junior remuneration will not be recieved.
  • tick Choosing your senior and junior with ethical spiritual and monitoring through personal standpoint is essential.
  • tick After the coding of M.M by the society, the passbook which is given for the cash exchange between members of the society is important for both M.M and its members for the money collection. If the members under M.M will make cash transaction directly to the branch, for that, each account statement will be issued by the branch and account details will be recieved through SMS and daily signature of account holder in branch is essential.
  • tick The monthly remuneration of M.M will be calculated on the basis of submitted monthly signed return reciept in office.
  • tick For monthly remuneration of M.M, the remuneration contract application should be submitted in the office.
  • tick The cash collected by the members every month should be submitted in branch dated 1,8,16 and 23 of every month in between 10:30 am to 2:30 pm. Loan and maturity application will be accepted only when the application will be submitted in office before date 10,20 and 30 of every month and office applied signed summary is also essential. NOTE - Loan and maturity application should apply in the date of 8,16 and 23 of every month.
  • tick According to the society rules, the performance of any application will be done by senior not by the office.
  • tick The exchange or deposit withdrawal, all account booking of nominated M.M under a M.M (five M.M and more 5-5 M.M under previous M.M) network of 31 M.M will be executed by senior M.M otherwise would not recieve monthly remuneration.
  • tick Application is applicable only when it is updated by the office computer.
  • tick If any information reported by society is disregarded, you will have to pay a fine disciplinary.
  • tick Complaints and suggestions given by you will applicable when it will be given in written form.
  • tick According to the society rules, the number of accounts opened by M.M and their payment will be done in serialized manner with in the time limit.
  • tick In the condition of pre-maturity of a member for a particular reason, the society manager will consider according to the recommendation of the M.M, DO, SDO and account holder.
  • tick In the case of Irregular Loan, Irregular Maturity and Share Sale (that share whose time is less than 5 years) column 13 is recommended.
  • tick According to the Income Tax Department rules, your 10% deduction of total commission will be credited to the Income Tax Department. This process will continue.
  • tick Under JLY deduction, 5% of recieved remuneration will be deducted and deposited in your JLY account.This procedure will continue till the completion of 60 years of your age (according to birth date given in proof) only after that you will get payment by society.

ALL THE ABOVE POINTS IS CERTIFIED FOR THE BENEFIT OF ALL MEMBERS OF THE SOCIETY WHICH MUST FOLLOW.

The marketing manager works on the basis of commission according to his/her business.

A person can know account balance through :
  • tick Weekly statement given.
  • tick Weekly deposit SMS on your mobile.
  • tick Nearest branch.

RDY and JPY both schemes are beneficial for monthly deposit.

There are two ways to close an account-

1.Pre-Maturity:

For Pre-maturity, you have to apply in nearest branch after that as per Society rules you will get your deposited amount with zero interest plus deduction for pre-maturity.

2.Maturity:

For maturity, you have to apply in nearest branch after that as per Society rules you will get your deposited amount with interest.

If M.M do not collect weekly money then an you should submit an application having full account code details to the branch after that the Society will inform you about the problem soon.

If you arn't getting your weekly reciept from M.M then you should submit an application having full account code details to the branch after that the Society will inform you about the problem soon.

Check your mobile number if that number is updated by branch or not.

Loan will not be accepted on following conditions :
If an account is irregular (Collection less than 5 days a week)
If the required documents are not submitted :
  • tick Address Proof
  • tick ID Proof
  • tick 1 Guarantor (Except M.M)


If one loan is running then another loan will not be accepted.

This 5% deduction details in loan are as follows : 1.SHARE DEDUCTION- 2.5% The share is deposited in your name for that you get the share certificate.Society will give you the dividend on share amount every year in april by cheque. 2.PROCESS CHARGE- 1.5% Processing fee for paperwork involved in the process of your loan is deposited. 3.INSURANCE CHARGES- 1.0% After the death of a debt holder, the loan balance is forgiven by the Society and the daily/monthly deposits of debt holder is given to his/her nominee in 10 days.Insurance charges is applicable only when the D.D & L.D account is regular and within the time limit.

In any case if you didn't receive your dividend in the end of march then visit nearest branch with share certificate and tell about your problem.

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