Repco Bank - Govt. of India Enterprise

REPatriates

welfare trust

REPATRIATES WELFARE TRUST

Repatriates Welfare Trust was established during the year 2007 (19.11.2007 – Bank’s Foundation Day) by Repco Bank with the objective of providing welfare schemes to Repatriates and their wards & heirs. The Trust consist of 11 Trustees in its Board, out of which 6 are ex-officio Trustees nominated by the Bank from its official cadre and 5 are from among the Repatriates Delegates.

The Trust was created with an initial Corpus fund of 5.00 lakh. Every year Repco Bank appropriates certain amount from its profit to the Trust for carrying out various welfare schemes as follows:

Name of the Trustees	Designation
Sri. R. Varadarajan	Chairman
Sri. K. Rajendran	Managing Trustee
Sri. P. Natarajan	Trustee
Smt. R.S. Isabella	Trustee
Sri. K. Namasivayam	Trustee
Sri. R. Kumaresan	Trustee
Sri. C. Thangaraju	Trustee
Sri. P. Mahalingam	Trustee
Sri. M. Chandrasekaran	Trustee
Sri. K.M. Ratnam	Trustee
Sri. E. Santhanam	Trustee

Presently the following welfare schemes are being offered to Repatriates.

Free uniforms and notebooks

Distribution of free uniforms and notebooks to repatriate children studying in schools where more than 60% are repatriates in select areas.

Education Aid

Education aid is being granted to repatriate students who are pursuing higher education.

Name of the Course	Eligible Amount (in )
B.V.Sc., B.D.S., M.B.B.S.,	7500
B.Sc (Agri), B.L., B.Sc (Nursing), B.E., and B.Tech.,	5000
All other undergraduate courses	2500
M.V.Sc., M.D.S., M.D.,	10000
M.Sc (Agri), M.L., M.Sc (Nursing), M.E., M.Tech., MCA and MBA	6000
All other Post Graduate courses	3000
B.Ed., and Physiotherapy courses	3000
M.Ed., Courses	4000
Engineering Diploma courses	4000
All other 3 year Diploma courses	2500
All other 1 year Diploma courses	2000

Education Loan

Education loans to Repatriates Students who pursue Graduate / Post Graduate Professional Courses in accredited institutions in India at nominal rate of interest

Loan Amount ()	Rate of Interest	Collateral Security	Needed
Upto 2,00,000	4%	Upto 50,000	No
Above 2,00,000	13%	Above 50,000	Yes

For all loans creditworthy third party surety acceptable to the bank is compulsory.

Education Award

Sponsorship of Higher Education to the Repatriates Students who secured first three ranks in Government Higher Secondary Board of Examination, upto maximum of

25,000/- pa.

Top Scorer Award

Distribution of Cash award, shield and certificates to repatriate students who secure highest marks in HSC Board Examinations.

Position	Awards
1st Place	10,000/-, Momento and Certificate
2nd Place	7,500/-, Momento and Certificate
3rd Place	5,000/-, Momento and Certificate
Securing more than 1000 Marks	2,500/- and Certificate

Distribution of Cash award, shield and certificates to repatriate students who secure highest marks in SSLC Board Examinations.

Position	Awards
1st Place	7,500/-, Momento and Certificate
2nd Place	5,000/-, Momento and Certificate
3rd Place	3,000/-, Momento and Certificate
Securing more than 400 Marks	1,500/- and Certificate

Medical Aid

The Trust provides the following medical aid to repatriates.

Treatment	Amount (in )
Heart Surgery	25,000
Eye Surgery	7,500
Treatment for Cancer	15,000
Kidney Failure Treatment	15,000
Major Surgery in Accident	15,000

Solatium to Repatriate Delegates

Solatium of

50,000/- is paid to the family members of deceased Delegates.

Interest Rate Concession

Concession in rate of interest of loans is offered upto 2% than the rate offered to general public. Similarly deposits attracts 1% more than the rate offered to general public.

The Board of Trustees meet periodically and evolve new repatriate welfare schemes from time to time. The trust is continuously endeavoring to provide maximum benefits to repatriates

The amount donated towards Repatriates Welfare Trust is eligible for deduction under section 80G of the Income Tax Act, 1961

“Helping the Society - not only through banking"