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Welfare Fund
Scheme

Welfare Fund Scheme

Reimbursement of Medical / Hospitalization Expenses

Reimbursement of hospital & medical expenses incurred due to protracted illness (viz. T. B., Paralysis, Mental disease, Brain Tumor etc).

Major accidents or surgical operations as under

  • Angiography ₹ 5,000/-
  • Angioplasty ₹ 15,000/-
  • Bypass surgery, Cancer, Kidney transplant/brain/spinal surgery ₹ 20,000/-
  • Eye / Brain surgeries / major accident / operation ₹ 5,000/-

In cases other than A, B C & D above, reimbursement is (whichever is lower) of

  • 50% of the expenses incurred of which original bills are submitted OR
  • 50% of difference between amount claimed and settled by employer OR
  • ₹ 15,000/- per member

Conditions

  • Original bills of approved medical hospitals/institutions of Public and Charitable Trust
  • In case of category E (ii) above, copy of certificate of reimbursements and bills paid by employer

Eligibility

  • Shareholders above 50 years of age
  • Shareholders for minimum 5 years with minimum shareholding of 50 shares
  • Reimbursement will be made once in two yea₹
  • Shareholder should not be a defaulter as borrower / guarantor while applying for the said scheme

Click here to download application form

For further assistance, contact - (022) 67545038 or, send mail to sec@nkgsb-bank.com

* Conditions Apply

Reimbursement of Medical Check Up

The Scheme enables free medical checkup to

  • All members and their spouses
  • Reimburse expenses up to ₹ 1,500/- or actual expense, whichever is lower
  • Maximum ₹ 3000/- for CT Scan subject to doctors' recommendation

Eligibility

  • Shareholders above 50 years of age
  • Shareholders for minimum 5 years
  • Reimbursement will be made once in two yea₹

Procedure in brief

  • Submit original bills / employer's certificate for medical reimbursement
  • Payment made directly to centre or reimbursed on the basis of payment receipt

Click here to download application form

For further assistance, contact - (022) 67545038 or, send mail to sec@nkgsb-bank.com

* Conditions Apply

Felicitation of Meritorious Wards of Members

The Bank feels proud to felicitate and reward members and their children for an outstanding performance in academics, sports, fine arts or literary work.

Eligibility Criteria

Examination Level Minimum Marks % Prize Amount
Regular @ Handicapped @
S.S.C. 85% 80% ₹ 1,000/-
H.S.C. 80% 75% ₹ 1,000/-
Graduation 70% 65% ₹ 1,500/-
Post Graduation 60% 55% ₹ 2,000/-
Sports, Fine Arts or any Literary work at
At State level Distinction - ₹ 1,500/-
At National level Distinction - ₹ 2,000/-

Eligibility

  • Shareholder minimum for 1 year
  • 60% criteria not applicable to Post-graduates - professional degree viz. Doctor and Chartered Accountant

Procedure in brief

  • Submit application with attested copies of mark sheets for examination cleared or the certificate of distinction within two months from the date of the results

General Conditions (For all the above schemes)

  • Submit all application to MD of the Bank
  • Bank has the sole discretion to sanction part / full, or reject decision will be final
  • Can avail the scheme once in a co-operative year. (1st April to 31st March)

For further assistance, contact - (022) 67545038 or, send mail to sec@nkgsb-bank.com

* Conditions Apply