celebrate 2 million members - Adarsh Credit

Adarsh Credit Co-operative Society to celebrate 2 million members

Adarsh Credit Co-operative Society started with a vision by Mr. Mukesh Modi, founder of Adarsh Credit to set up a co-operative society to bring people together. This co-operative society was founded as a completely co-operative and founder’s vision to bring about a change in the life of people of India with the financial services.

This co-operation movement started with the first branch of Adarsh Credit Co-operative Society established in Sirohi, Rajasthan. This dream started taking its form with the initial team of 3 advisors and one employee working day in and out to build the co-operative society. The first branch of Adarsh Credit Co-operative Society was small and equipped with a limited number of resources, but this did not affect the ambition of the team to hinder the society.

In the journey that started from 1999 with a single branch in Sirohi that catered services to the local masses of Rajasthan, today Adarsh Credit Co-operative Society has been able to successfully establish 809 branches pan India. The journey that started with limited resources had to also witness a downfall, but this did not affect the vision of Mr. Mukesh Modi and took another flight in 2001 reaching the heights of 2 million members today.

The success of Adarsh Credit Co-operative Society is purely based on the blend of vision of Mr. Mukesh Modi and digital transformation with technical development brought by Mr. Rahul Modi, Managing Director, and CEO of this co-operative society in India. The number of financial products and services has also seen a huge transformation and is benefiting the members of Adarsh Credit Co-operative Society by leaps and bounds.

With a vision to be the co-operative society in India that is led by the rules of technological trends to ease the work and become totally paperless, cashless and branchless one day, Adarsh Credit Co-operative Society is setting an example of digitally equipped society.

The digital transformation of Adarsh Credit Co-operative Society has witnessed in these years can be summed up as the most advanced mobile application, a tie-up with Adobe for e-signature, and has so many awards and recognition in its kitty.

And today the family of Adarsh Credit Co-operative Society has 2 million members to share this joy and celebrate the co-operative movement. If you too want to know more about this society, visit the nearest branch of Adarsh Credit Co-operative Society or browse http://adarshcredit.in/.

Adarsh Charitable Foundation

Adarsh Credit Co-operative Society takes up village development plans

Adarsh Credit Co-operative Society is always keen to extend its hands for help and service when it comes to contributing towards the nation. For this sole purpose, Adarsh Charitable Foundation came into existence. Adarsh Charitable Foundation works day in and out to provide as much support as they can to the society and serving the nation.

Adding to these efforts, Adarsh Credit Co-operative Society inaugurates various schemes and plans under village development plans. One such plan was executed fruitfully in Mahudi village in Gandhinagar, Gujarat, with a view to provide females of the village a platform to learn tailoring.

The first initiative in this plan by Adarsh Charitable Foundation was a tailoring cum production centre set up in Mahudi village in Gandhinagar. This centre assists the women of this village from self-help groups to inculcate the knowledge of tailoring and designing. Adarsh Credit Co-operative Society has tried to make the best efforts to elevate the level of training provided to women in the craft of tailoring making them self-dependent.

This centre was inaugurated on February 9, 2018, by Mr. Rahul Modi, MD, Adarsh Credit Co-operative Society and the Managing Trustee, Adarsh Charitable Foundation. And as Mr. Rahul Modi inspected the centre, addressing the women and villagers gathered at the event, quoted, “This Centre is not just a place where you learn new skills but we hope to encourage women to become empowered entrepreneurs, which will further help in developing the village”.

Adarsh Credit Co-operative Society, along with the support of USHA International Pvt. Ltd. under their “Silai School Model”, established this centre with a view to grooming the women of the Mahudi village to become well-versed in the craft of tailoring and designing. This can lead to boost their confidence, hence increasing their self-dependency and support their families as well.

Currently, there are 15 women who are selected from the four different self-help groups of the village. These women are being trained in advanced tailoring and designing skills, who will then become master trainers to share their knowledge with other villagers enlightening them as well.

Adarsh Credit Co-operative Society is in constant movement to provide the best possible assistance to the women of Mahudi village to enhance their tailoring skills. To get an in-depth view of the foundation and its activities visit: http://www.adarshfoundation.co.in/

Current Account - Adarsh Credit Co-operative Society

Time to open a current account with Adarsh Credit Co-operative Society

Adarsh Credit Co-operative Society has till date never failed to satisfy its members with its lucrative financial products. These financial products are for the members to secure and invest their money and get the highest possible returns from this co-operative society in India.

Among the list of financial products, Adarsh Credit Co-operative Society has one simple yet one of the major financial products of the society, which is the Current Account. This financial product comes with a large number of benefits that are discussed further in this discussion.

Basically, like any other current account functions, Adarsh Credit Co-operative Society’s current account also allows the members to deposit and withdraw amount without any prior notice. Even cheque transactions are possible with the current account. You can give cheques to the creditors or take cheques as well.

Adarsh Credit Co-operative Society offers a zero balance, i.e no frills current account to its members. The members can keep their accounts active even at zero balance and they don’t need to keep any minimum amount to continue their engagement with the society.

Apart from this, there are no restrictions on the number of transactions too. The members can carry out as many transactions as they wish without worrying about any extra charges. To get the updates about your accounts and details regarding the transactions, Adarsh Credit Co-operative Society offers SMS facility and mobile application too.

If you are thinking about fund transfer to other accounts, then there are options for that too. The current account holders can transfer funds through our inbuilt Adarsh money facility for easy and secure transfer. And you even get the option of fund transfer through NEFT or RTGS. The incoming NEFT facility is also provided to the members, but it has an upper limit of ₹ 49,999/-.

There are no extra charges if the members want to avail the statement facility. Wait the benefits are not over yet! According to the current IT act, there will be no TDS deduction on interest for the members of the Adarsh Credit Co-operative Society.

Sounds interesting and lucrative enough right? Quickly get the details about opening a current account with Adarsh Credit Co-operative Society and lay back and relax to enjoy the benefits.

Get the details of this scheme and know more about all the other financial products at Adarsh Credit Co-operative Society.

Start to chip in your MIS scheme to get monthly returns

If you are planning on embarking an investment plan or going for some schemes, then you should consider factors such as tenure, interest rates, how the interest is compounded etc. After deciding the priority of your choice only you can finalize an investment plan.

Among the plethora of choices available, there is a very interesting and lucrative investment plan by Adarsh Credit. This scheme is Adarsh Credit Co-operative Society’s monthly income scheme, the MIS scheme.

MIS scheme should be your first choice if you are looking forward to get returns every month that too with higher MIS interest rates. To opt for any investment plans, whether it is MIS scheme or any other scheme, you need to know the complete details about it, the ins and outs, advantages and drawbacks, only then you can decide whether it is suitable for your investment or not.

To begin with, Adarsh Credit’s MIS scheme is monthly income scheme that allows you to invest desired amount and get returns every month with MIS interest rates varying from 8.50% to 11.25%.

Under MIS scheme, you can invest any amount greater than ₹10,000 followed by investments in the multiples of ₹1000. The tenure of this MIS scheme may vary by the selection of the member and at Adarsh Credit you can invest your amount from a minimum of 1 year to maximum 6 years.

The MIS interest rate varies depending upon the tenure, amount and the investing person. There are special MIS interest rates for female members and senior citizens in the case they are investing in the MIS scheme.

There are special benefits of higher MIS interest rates for investments in lump sum amounts ranging from ₹15 lac to ₹1 Cr. And in this case also the female members and senior citizens get benefits of higher MIS interest rates.

Along with these interest rates and benefits, you get additional benefits such as premature withdrawal facility and loan facility. These benefits are subjected to the rules and regulations of the society and MIS scheme.

To get into the details of this scheme and know more about all the interest rates visit the nearest branch of Adarsh Credit Co-operative Society or just browse Adarsh Credit MIS scheme.