Compulsory Monthly Thrift Deposit (C.M.T.D.)

Overview & Purpose

The Compulsory Monthly Thrift Deposit (C.M.T.D.) is designed exclusively for the members of the Society to foster the habit of disciplined, long-term savings. The core objective of this scheme is to accumulate a substantial financial corpus that becomes available to members upon the termination of their services with the Railways. In the unfortunate event of a member's demise, this accrued amount offers immediate financial security to their designated nominees or legal heirs.

Monthly Contribution Structure

Every member is mandatorily required to subscribe monthly to the scheme. The minimum contribution is calculated relative to the member's monthly salary tier.

Monthly Salary Range

Minimum Monthly Subscription

Up to ₹30,000/-

₹1,000/-

₹30,001/- to ₹60,000/-

₹1,200/-

₹60,001/- and above

₹1,500/-

Important Note: The revised rates of contribution outlined below are effective from 1st June, 2025.

Definition of Salary: For the purpose of this scheme, "Salary" is defined as Basic Pay + Running Allowance (if applicable).

Scheme Rules & Flexibility

Flexible Contributions: While there is a designated minimum tier, members have the complete flexibility to increase their monthly subscription amount to boost their deposit. Similarly, if a member is contributing above the threshold, they may choose to reduce it back down to the fixed minimum at any time.
Interest Accrual: All accumulated subscriptions are accounted for separately and safely utilized as part of the Working Capital of the Society. Individual member accounts are credited with interest at the end of each financial year, at rates periodically reviewed and determined by the Board of Directors.
Dividend Payout Option: Members have the option to withdraw the specific portion of the dividend amount credited directly into their CMTD Account. This can be processed easily by submitting an application via the prescribed form, subject to the rules laid down by the Management.

Withdrawals, Refunds & Nominations

Full Refund on Cessation
The entire closing balance standing to the credit of a member in their C.M.T.D. account is fully refundable upon the termination of their railway service or the cessation of their Society membership (minus any dues owed to the Society).

Special Partial Withdrawal Clause
A one-time partial withdrawal of up to 50% of the CMTD balance is permitted only under the following strict conditions:

The member must have enrolled in the Society prior to 01.04.2010.
The member must have completed 15 years of continuous contributions.

Nomination & Security for Deceased Members

In the event of a member’s untimely demise, the amount standing to their credit will be processed according to the Society's standard rules for deposits.
Following due verification by the competent authority, the Society will seamlessly transfer the shares, interest, or accumulated funds to the verified nominee or legal heir.