Collegiate Club Procedure
Brief details about Collegiate Club.
Minimum of 50 students are required to start a club. There is NO upper limit. Some Clubs have more than 500 student members.
Two faculty members must come forward to work as FACULTY ADVISERS. They also must join SAEINDIA as members.
Each student pays Rs.460/- as annual Membership fee. SUPRA, BAJA participating students should pay the fee as per their year of study as given below.
*Change in Service Tax rate from 15% with effect from June 1st 2016, applicable to all membership fee.
Students can also join the 4+1 scheme & enrol themselves till one year after the passing out year. The student 4+1 enrolment scheme is as follows:
4+1 - 1st Year Student 400 x 4 + 500 = Rs.2100/- + Rs.315/- = Rs.2415/-
3+1 - 2nd Year Student 400 x 3 + 600 = Rs.1800/- + Rs.270/- = Rs.2070/-
2+1 - 3rd Year Student 400 x 2 + 700 = Rs.1500/- + Rs.225/- = Rs.1725/-
1+1 - 4th Year Student 400 x 1 + 800 = Rs.1200/- + Rs.180/- = Rs.1380/-
Annual Membership 400 x 1 + Rs.60/- = Rs.460/-
The membership card will be valid for a period of which the member is paying the subscriptions as stated above.
The Student gets a substantial monetary benefit if opts for the 4+1 scheme. If he joins normally after passing out, his membership starts at a fee of Rs.1265 /- as against the above. Alternatively if the Institution collects Rs 2415/- during the first year, there is no further need for the collection process till the student passes out. The student also gets an additional year as benefit.
- Faculty Fees – 1100 x 1 = Rs.1100/- + Rs.165/- = Rs.1265/- including Service Tax @ 15%.
Students who wish to take part in SUPRA or BAJA should compulsorily take +1 membership depending on their year of study. Remaining students can take annual membership.
¬ Membership for Students always start on 1st April and lasts till 31st March irrespective of the date of commencement.
¬ Each Faculty member pays an annual fee of Rs.1265/-. Their membership is a rolling membership of 12 months from the date of commencement.
¬ Fee amount may be sent in a single Bank DD/Cheque drawn in favor of SAEINDIA payable at Chennai. Online transfer can also be done.
¬ All applications (except excel sheet) and the DD to be sent to SAEINDIA office at Chennai for processing.
¬ Processing time takes 30 working days. Membership cards of faculties will be sent in a week. Students cards, receipt, club acknowledgement letter will be sent after 10 days to the college address in the name of the faculty. For all communications, faculty member of the respective club will be contacted.
SAEINDIA Account Details are given below:
Name : SAEINDIA
Account Number : 000101202792
Nature of Account : Special Savings Account
Bank : ICICI Bank
Branch : Teynampet / Cenetoph Road Branch
IFSC Code : ICIC0000001
Address : 459/1,Anna Salai Road, Teynampet, Chennai -18.
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