DEPED RENEW RANG-AY ACCREDITATION
- July 3, 2018
The partnership of Department of Education and the bank continues more than a decade of cooperation to uplift the socio-economic condition of Public School Teachers & support personnel by providing them financial assistance for income generating activities, housing and house renovations, consumer or emergency needs through its Salary Loan Facility.
The Department of Education has re-approved Rang-ay Bank’s accreditation under Automatic Payroll Deduction System (APDS) Program with APDS Code No. 0300. The Terms and Conditions of the Automatic Payroll Deduction System (APDS) Accreditation (TCAA) for Loans were signed last 24 May 2018 at the Department of Education’s Employee Account Management Division, Office of the Undersecretary for Finance, DepEd Complex, Pasig City. This allows the bank to offer its salary loan program for DepEd personnel in the Ilocos and Cordillera regions where Rang-ay has 29 banking offices. The re-accreditation of Rang-ay is an indication of the bank’s continued compliance with all the regulations and guidelines set by the Department of Education. In accordance with DepEd Order No. 18, Series of 2018, new and improved guidelines of Teachers Loans were instituted for the extension of loans to DepEd personnel.
