Bheemunipatnam Mutually Aided Co-operative Building Society Ltd., 2443

Membership Admission


  • On receipt of such an application, the Society sends the applicant a pre-admission form and informs the Schemes for which membership is open and provides the details of the Schemes to the applicant.
  • The Society office scrutinizes the pre-admission form and process the application for necessary approvals. In case, it is rejected, the applicant shall be informed with the reason for rejection. In case, approved, the applicant shall be required to remit the initial payment and the processing fee (inclusive of the admission fee and the share capital). The admission fee is not refundable.
  • On receipt of the Admission Form, the Society assigns a Membership number which shall be mentioned, invariably, in all correspondence with the Society and issue the photo identity card to be shown as the identity card of the applicant for voting and wherever and whenever demanded by the Society.
  • Thereon, the Society assigns a plot, on random basis, on payment of full cost of the plot (on No Profit – No Loss basis) and register it in the name of the applicant at the applicant cost.
  • Every member, thus admitted, shall fully comply with the rules and regulations of the Society, issued from time to time.