Scorps,
You will receive the card within 3 weeks from the day of applying. :)
Hamid,
This membership entitles you with discounts in tickets, chance to interact with CSK players during training sessions and few other benefits too. Earlier it was priced Rs.100. Now increased to Rs.200. There is another senior membership available at Rs.1200 with the same benefits but you will get a T shirt with it.