Deposits

Deposits may at the discretion of the Board of directors be received at any time from members only.
(a)Deposits from members shall be given preference to deposits from non-members.
(b) There will be 10 kinds of deposits:

  •  Fixed
  •  Savings
  • Current
  • Chit Fund
  • Thrift Fund
  •  Notice Savings
  • Money Multiplier Deposit Scheme
  • RecurringDeposit Scheme
  •  Cash Certificate
  •  Group Deposit and Credit Scheme.

 

Group Deposit and Credit Scheme:

It shall be operated vide sub rules got approved by the Joint Registrar of Co-operative Societies(General).

 

1

Deposits

Deposits may at the discretion of the Board of directors be received at any time from members only.

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2

Loans

Loans shall be given to ‘A’ class members only.But no member can claim a loan as a matter of right.There shall be 5 loans viz, Own Fund DCB

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3

Admission

On the application of 10 or more members,the Board of Directors may start and conduct chit fund to s

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