Education
Co-operative
Society
Your bank, engaged in the educational service that lights the lamp of wisdom for the nation's children
Having Over 226,000 Members
A society that exists from 1930 to 2026
The largest co-operative society in South East Asia
Services available at the Education
Co-operative Society
The Educational Cooperative Society has provided a number of services to you, including credit facilities, welfare schemes, fixed deposits and holiday resort facilities.
Our Member community
The society currently has a large community of over 226,000 members.
Loan Facilities
There are 6 types of loans including Property loans, Collateral loans.
Welfare Facilities
Many welfare facilities including University scholarships and Grade 5 scholarships.
Fixed Deposit
Offers a high interest rate of 10.5% on member and non-member fixed deposits.
Holiday Resort Facilities
Anuradhapura, Kataragama, Nuwara Eliya, hostels and holiday resort facilities for you.
Branch Network
Branch network with 21 district offices and 04 zonal offices covering the entire island
The society has introduced 7 loan facilities and 3 welfare facilities for its members.
Rs 5,000,000/-
Interest rate - 5% - 6%
Rs.1,000,000/-
Interest rate - 6 %
Rs. 500,000/-
Interest rate - 8 %
Rs 500,000/-
Interest rate - 8 %
Rs 300,000/-
Interest rate - 6 %
90% of amount in FiD Account
Interest rate - 8 %
Rs.30,000/-
Interest rate - 8 %
Rs. 75,000/-
Rs. 15,000/- per academic year
Rs.10,000/-
Rs. 50,000/-
Number of months contributed to the fund - Over 120
Mobile Phone Loan
Maximum loan amount - Rs. 500,000/-
Any member who has been an active member of the society for 6 months can be a guarantor.
- No collateral is required when obtaining this loan of Rs. 75000/- or less.
- Terms and conditions related to the loan for goods apply.
- 10% of the total value of the relevant equipment is given to the society and the same benefits are given to the member himself.
Members & Non Complains / Members Information
Members / Non Members Compalains
All members and non-members can submit their comments, suggestions, complaints and ideas for the betterment of the association to this system.
Loan Calculator
This system allows members to calculate the loan amount they can get based on their salary when taking out loans from the association.
EDCS Fixed Deposit
- Attractive interest rate of 10.5%.
- Ability to receive interest on monthly maturity.
- Various deposit tenures.
- No age limit for account ownership.
- Automatic account tenure renewal.
*Conditions Applied
Safe and stable savings plan.
Higher returns compared to ordinary savings accounts.
Trusted cooperative financial institution.
Long-standing reputation and member confidence.
- Deposits are handled according to cooperative financial regulations ensuring protection of member funds and financial transparency.
- As a registered cooperative society under the Cooperative Societies Act No. 05 of 1972, your deposits are legally protected.
Any eligible member can open a Fixed Deposit account at EDCS and enjoy secure returns.
The Educational Co-operative Society has established 3 holiday resorts for the convenience of
members and non-members.
Anuradapuraya Holiday Resort
Gurugedara Holiday Resort (Anuradhapuraya) Matale Junction, Kurundankulama, Anuradhapuraya
Kataragama Holiday Resort
Gurugedara Holiday Resort (Kataragama) No- 25, Pussadewa Road, Kataragama.
Nuwaraeliya Holiday Resot
Gurugedara Holiday Resort (Nuwaraeliya) Bacus Farm, Mahagasthota, Nuwaraeliya
Calling Applications for the grant of University scholarship academic year 2024/2025. Closing date for receipt of applications 20-03-2026