Pcs Cooperative Thrift And Credit Society Limited is committed to maintaining transparency in all financial transactions. This Refund Policy outlines the terms under which refunds, cancellations, or reversals may be processed.

Deposit Services (RD, FD, Saving Account)

Refunds related to deposit schemes are governed by the specific terms of each product:

• Recurring Deposit (RD) premature closure may attract applicable penalties as per society rules.
• Fixed Deposit (FD) withdrawn before maturity may result in reduced interest rates.
• Saving Account balances can be withdrawn as per account terms and operational guidelines.
• Interest calculations will be adjusted according to the applicable scheme rules.

Loan Processing Fees

Loan application or processing fees paid for Home Loan, LAP Loan, Gold Loan, Business Loan, Vehicle Loan, Personal Loan, Study (Education) Loan, and Daily Base Loan are generally non-refundable.

• If a loan application is rejected after processing, fees once paid are non-refundable.
• In case of duplicate payment due to technical error, a refund may be processed after verification.

Excess or Wrong Payment

In case a member makes an excess or incorrect payment, the society will verify the transaction and process an adjustment or refund within a reasonable time frame.

Refund Process

• Members must submit a written request for any refund claim.
• Valid transaction proof and identification documents may be required.
• Approved refunds will be credited to the original payment method or registered bank account.
• Processing time may vary depending on verification procedures.

Non-Refundable Charges

• Processing Fees
• Documentation Charges
• Penalty Charges due to delayed payments
• Service Charges as per society policy

Amendments to Policy

Pcs Cooperative Thrift And Credit Society Limited reserves the right to modify this Refund Policy at any time. Updated versions will be published on the official website.

Contact Us

For any refund-related queries, members may contact Pcs Cooperative Thrift And Credit Society Limited through official communication channels during working hours.