3.The Board of Employee Credit Club agrees that the person who will apply to make deposit with Employee Credit Club shall be member of the Provident Fund without limitation of service period. This will open the opportunity for every employee to deposit their saving with Employee Credit Club.
VC : This is an important point to clarify. Does this mean that:
a) Anybody who applies to be a member of the Employee Credit Club will automatically be joined as a member of the Provident Fund
OR
b) We are getting rid of the "minimum 2 service years” requirement for joining the credit club — the only requirement is that the applicant must be a member of the Provident Fund