Milestone for Adarsh

Another milestone for Adarsh Credit Co-operative Society Ltd. as we participate in SAP FSI Forum in London

The world is going digital and it’s creating a huge impact on every industry. The constant change in technology is opening arenas for more advancement. Like all other sectors, the financial sector is also impacted. It is getting more competitive and that is exactly why this is the right time to go digital! Adarsh Credit Co-operative Society Ltd. has been a part of the SAP Forum from two consecutive years.

Adarsh credit goes to London!

SAP Financial Services Forum brings together over 500 banking and insurance delegates and financial services experts from over 40 countries. We, at Adarsh Credit Co-operative Society Ltd. take pride in announcing that our Managing Director – Mr. Rahul Modi will be an honored speaker at the SAP Forum. He will be talking about the society’s various initiatives towards connecting the masses through the power of mobile technology.

Along with Mr. Modi, many other delegates from all around the world will be sharing their experiences on how they embarked their digital journey. There are many technological milestones that we have achieved being the most techno-savvy Credit Co-operative Society in India. For example, we have implemented IPSEC BO for end-to-end data encryption and installed firewalls for each branch to restrict unauthorized handshake. Additionally, we have implemented and installed NAC (Network Access Controller) for end-point security to limit access in Adarsh’s network over the internet.

We, at Adarsh Credit have also setup real-time DR solutions to ensure business continuity in case of any disaster or unknown situation. There is a disaster recovery setup too, built to help preserve the society’s reputation among customers and partners. This also ensures that our member data is extremely secure and in safe hands.

Financial technology has grown to be an essential part of the industry. Digital methods need to provide a great experience to clients and our Credit Co-Operative Society has taken care of every small detail. Today, our members are having a great experience through the usability, content and access as well.

Indeed, Adarsh Credit Co-operative Society Ltd. is framing the future with its technological milestones. Become a member of Adarsh today!

Higher term deposit rates

Adarsh Exclusive Products for higher term deposit rates

Since genesis of Adarsh, we have been catering various financial services and products to our members. Apart from being most competitive among the products offered by other co-operative societies in India, our products also help you earn higher interest rates than others.

We have products for your every dream, need and wish. In addition to major products such as savings account, current account and FD, Adarsh Credit Co-Operative Society Ltd. offers you an elite range of investment schemes called Adarsh Exclusive Products. This elite range comprises of various Term Deposit schemes under which you can get your investment multiplied within a short tenure. Read ahead to know more about these schemes:

A-15

While allowing you to invest the minimum amount of Rs. 5000 for a short tenure of 15 months, A-15 is the Term Deposit scheme. It helps you earn high term deposit interest rate of approximately 10.98% (Quarterly Compound).

Adarsh 18

This 18-month Term Deposit scheme offers you approximately 10.60% rate of interest on your valuable deposit. Apart from pretty good interest, Adarsh 18 also provides you several other perks. Nomination availability, loan facility and secured returns are to name a few.

A-36

A-36 offers you the best return on your investment at the end of 3 years of its fixed term. You can make an investment as small as just Rs. 500 after which you can invest in multiples of Rs. 100. The Term Deposit interest rate you get with A-36 is somewhere around 10.13% (Quarterly Compound).

Adarsh Bachat Patra

Within just 84 months of tenure, you can double your investment with Adarsh Bachat Patra. Available exclusively for the Adarsh members, this Term Deposit comes with a benefit of premature withdrawal according to some defined conditions by the society.

Adarsh Triple

As its name depicts, Adarsh Triple gives you three times your invested amount on maturity (after 144 months). With approximately 9.26% rate of interest, this Term Deposit scheme allows you to deposit the minimum amount of Rs. 500 and for further investment; you can invest in multiples of Rs. 100.

So in which Term Deposit scheme do you want to invest? Not sure? Place an inquiry and we will help you decide the right option for you.

Adarsh - Adopting the latest technologies

Adarsh Credit Co-operative Society – Adopting the latest technologies

With help of various technological adaptations, Adarsh Credit Co-operative Society has always sustained to be most-preferred among other co-operative societies in India. From its genesis, the society has been delivering the best financial services to its members and also winning their hearts.

Let us have a look at some major adaptations we have done so far:

IBM Flash Storage

Adarsh Credit is the first adopter in co-operative segment to spend in IBM Flash Storage. Flash technology allows our business to analyze more data, process more transactions and accelerate the services. At the same time, it also makes us increase the potential business revenue. Recently, we have executed Cisco Unified Communication Setup which is one more adaptation in the sector of co-operative societies.

Furthermore, ISMS Framework has been also defined for the organization. It’s amazing that we have dual MPLS connectivity in each branch with approximately 1 mbps of bandwidth to maintain the failover.

Great security measures

In our organization, we have installed one of the best-known firewall devices entitled as Watch guard in our branches, DC and DR for maintaining the security aspects such as NAT, content filtering, port filtering, IPs (Intrusions Preventions), SPAM blocker, web filtering and MAC based restrictions.

In order to enable virus protection, Symantec End Point (SEP) has been installed which guarantees dual secure layer and does URL based filtering to protect against malwares and viruses.

Great measures in networking

For end-to-end data encryption, Adarsh Credit Co-operative Society has implemented IPSEC BO and installed firewalls for all branches for restricting unauthorized handshake. Network Access Controller (NAC) is used for establishing end-point security to limited access in Adarsh’s network. Here, devices aren’t endorsed to connect unless they meet pre-defined business policies that are enforced by NAC product every time if any connection is to be attempted.

By using such advancements in technologies and tools, Adarsh Credit Co-Operative Society is on the way forward to deliver best services to its members and advisors.

Benefits of being a member of credit co-operative society

Benefits of being a member of credit co-operative society

Credit co-operative societies are not a new concept. It has been active in almost all the countries since many years now. A credit co-operative society is nothing but an autonomous organisation of people, voluntarily associated to fulfil their basic requirements and aspirations. These societies have their own benefits. Let’s quickly get on them:

1. Easy to form

Formation of a credit co-operative society is simpler than any other business organisations. Any ten or more adults can join together to form the society and even registration is simple and easy. Not much legal formalities are required to maintain for its formation.

2. No membership obstruction

Unless particularly debarred, the membership of such a society is open for everyone. There is no obstruction on the basis of colour, caste, creed, sex or religion. Any person can join the society anytime and become its member.

3. Limited liability

Mostly the liability of members is limited to the extent of capital contributed to the society by the respective members. This way, if the society suffers financial loss, the members don’t have to bear the fear of losing their private property.

4. Economic operations

In a credit co-operative society, there is an elimination of the middlemen which is why the operations carried out by the society are economical. At minimum cost, the middlemen’s services are provided by the members of the society. Also, the recurring and non recurring expenses are also very less.

5. The main motive of service

Members are provided with the best financial services at very reasonable cost.The society also caters financial help to its members at minimal rates. They help their members to set up their production units. For example, Credit Co-operative Societies help farmer members for their agricultural products.

6. Democratic management

Credit co-operative society is exclusively managed by elected members among themselves. All of them have equal rights in all manners and they can also take part actively in the formation or amendments of the society’s policies. This way, all the members are equally important to the credit co-operative society.

Adarsh Credit Co-Operative Society is one of the most recognizable and most trusted credit co-operative societies in India. Our society caters to all these benefits along with extra perks of having secure financial products and great return on investments.

So join Adarsh Credit Co-Operative Society today and become its member.

Enhancing female education in the country

Adarsh Credit Co-Operative Society’s initiative towards enhancing female education in the country

As the world is quickly moving towards digitization, it is necessary to upgrade the level of education and awareness in people , especially when it comes to rural regions of the country, digitization becomes very challenging for them. The dream of making India digital can be achieved only with the collaborative efforts.

We, at Adarsh Credit Co-Operative Society Ltd., understand this very well and we always try to spread the awareness among people regarding cashless transactions. With an aim to enhance the standard of rural education, we have taken a step forward. For the betterment of society, we have thought to have a school, especially for girls.

Even after maliciously dragged into the forged rumours and scandals, we managed to do our best for the betterment of the society. We, at Adarsh Credit Co-Operative Society Ltd., are very happy to announce that we have already taken a step forward towards fulfilling our dream of building Vidhyawadi – a school to educate girls. Our dream is gradually taking shape as its construction work has already begun. Our country is a developing country where female education is a sensitive and yet a significant topic and hence, we have taken this initiative in our hands.

We, at Adarsh Credit Co-Operative Society are looking forward to take more such initiatives in upcoming years and execute them in the favour of society’s welfare.