women to secure their financial future

Adarsh Credit Co-operative Society Ltd. encourages women to secure their financial future

Literacy amongst females is constantly increasing in India. The 2001-2011 decadal period saw a positive and faster growth in female literacy rates (11.8%) as compared to males (6.9%). As the literacy amongst women is increasing, their need to become financially more secure has also got an upsurge. Adarsh Credit thus encourages women and educates them about several financial services available.

The rural women of our country are still not aware about various ways available to secure their financial future. They are willing to invest in a better future.But due to lack of knowledge of financial services, they are left uninformed about different ways to start a better life. Adarsh Credit Co-operative Society Ltd. understands this very well and hence, decided to motivate women to save for their better tomorrow.

An Initiative for Women Empowerment

We, at Adarsh Credit Co-operative Society Ltd have engaged with over 300 Anganwadi women and educated them about the features and benefits of savings schemes. These women were earlier unaware about several opportunities available but, yearned to be independent and financially secure. So, we have made it our mission to assist them towards building a secure tomorrow. The meetings held in several rural areas of Gujarat saw immense engagement from the Anganwadi women. Apart from savings schemes, these women were also made aware about the importance of mobile banking and an opportunity to work as an Advisor with Adarsh Credit Co-operative Society Ltd.

We, at Adarsh Credit understand the significance of this initiative in the lives of women. Our country being at a developing stage requires such initiatives for better lives of women in the rural areas.Thus, the meeting is held every month in presence of all the Central Gujarat Anganwadi workers. In certain meetings held, members of Sakhi Mandal Group and Asha Workers also join to understand the importance of managing finances better.

We are glad that Adarsh Credit Co-operative Society Ltd.could contribute their bit by teaching the women today, to have a financially secure tomorrow. We look forward to take up more such initiatives that will not only enhance the lives of women, but also their families.

To know more about other privileges of our saving schemes, refer this link.

Found this interesting? Have a read of our previous blogs on similar line and know about various such initiatives undertaken by us.

flood victims

Adarsh Charitable Foundation extends support to the flood victims of Rajasthan and Gujarat

Last month, many states of India were impacted due to heavy rains. Rajasthan and Gujarat were amongst the states which were badly affected by floods. People living in villages suffered the most due to heavy rains. Transportation to many villages had been cut off. In fact, a lot of villages were entirely immersed in water due to the heavy rains. Adarsh Charitable Foundation, the philanthropic arm of Adarsh Credit understood this tough situation very well and extended its support to the flood victims.

The volunteers of Adarsh Charitable Foundation made it their mission to make life easier for the flood victims. These volunteers were constantly providing relief to the regions affected by flood in Rajasthan and Gujarat. They not only supplied food to the flood victims, but also provided them with medical kits. They made sure that there was no shortage of relief materials to the flood affected people.

A CSR initiative by Adarsh Credit

Mr. Rahul Modi, Managing Director, Adarsh Credit Co-operative Society Ltd. was in constant touch with the volunteers of Adarsh Charitable Foundation and made sure that all the supplies reached the affected regions as planned. Adarsh Charitable Foundation also hired chartered helicopters to dispatch food packets to the flood affected regions of Sirohi and Jalore. Flood victims in these regions could not even find clean drinking water. However, the volunteers supplied clean drinking water to them along with food packets and medical kits.

Adarsh Charitable Foundation distributed:

  • 25,000 food kits in Sirohi
  • 10,000 food packets in Jalore
  • 2000 tents
  • 500 blankets

Moreover, food packets were also distributed in villages such as Sanchor, Bhinwal and Raniwada of Jalore district. The affected regions of Gujarat were also provided similar support by Adarsh Credit.

The volunteers of Adarsh Charitable Foundation with the help of local administration distributed:

  • 21,000 food packets
  • 15,000 sukhdipackets
  • 80,000 water pouches
  • 3000 milk containers in Banaskantha district of Gujarat

Adarsh Charitable Foundation also organized health camps in Banaskantha. Over 400 medicines were distributed free of cost to the flood victims in medical relief camps set up in Dhanera and Jasra villages. They also supplied raw food material packs in flood-affected regions of Rajasthan and Gujarat. Each food material pack weighed 18 kg and consisted of 10 kg wheat flour, 1 kg mixed dal, 1 kg sugar, 1 kg salt, 1 Ltr mustard oil, 250 grams tea powder, 250 grams pack consisting of chilli powder, coriander powder and turmeric packet.

Adarsh Credit extended immense support to flood-affected regions with the help of chartered helicopters. This is for the first time in India that a charitable foundation hired a helicopter to distribute flood relief materials.

Rajasthan Chief Minister, Vasundha Raje was impressed and appreciated the work done by Adarsh Charitable Foundation and personally telephoned Mr. Mukesh Modi, Founder, Adarsh Charitable Foundation. Working towards welfare of the society has always been the mission of Adarsh Credit and such CSR initiatives prove the same.

Adarsh Credit Co-operative Society Ltd. understands the significance of this CSR initiative in lives of the flood victims. Since its inception, Adarsh Credit has always aimed to uplift the rural areas of the country and enable people to live a better life.

Found this interesting? Click here to know about our several other CSR initiatives.

cashless india

Adarsh Credit fulfills the dream of “cashless India”

“Digital India” has always been a dream of our Prime Minister NarendraModiji. He has always wished for India to become a cashless society. Adarsh Credit plays a small, but significant role towards fulfilling this goal of the Prime Minister. Adarsh Credit Co-operative Society Ltd , India’s Leading Credit Co-operative Society is doing its bit to contribute to the rural section of the society. Adarsh Credit Co-operative Society Ltd., a venture by founded by our very own Mukesh Modi has been changing the way financial institutions work in rural India. The society is an innovator in terms of digitalization.Let’s read how:

Adarsh Credit,transforming India digitally!

Our co-operative society has been working towards making India digital and fulfilling the Prime Minister’s dream. We have been providing all digital facilities to our members. Adarsh Credit has joined hands with digital wallet Oxigen to facilitate digital transactions. Our founder Mr. Mukesh Modi is a part of several organizations and is constantly working towards making financial transactions in rural sector more transparent and effortless.

Adarsh Money

We also ensure that rural India can avail financial services through our several technological adaptations. One of them is our mobile money app “Adarsh Money“, which allows rural India to engage in online payment methods.  The introduction of this app has further enhanced the transparency in digital transactions.

Additionally, Adarsh Money also helps Adarsh Credit Co-operative Society Ltd. to take in account the complaints of their members and advisors. This enhances the transparency in our organization and helps increase productivity.

We at, Adarsh Credit realize the importance of awareness about the various financial services available in the rural sector. Hence, we aim to bridge the gap between rural population and financial transactions. This also is key to provide facilities such as account handling, financial transactions or investing in any of our deposit scheme.

Adarsh Credit Co-operative Society Ltd. currently has over 1.7 million members and 809 technologically advanced branches in India. We provide NEFT/RTGS facility to all our account holders. Adarsh Money application is also available in Hindi language which makes it more user-friendly for the rural sections of the society. Hence, we at Adarsh Credit are making NarendraModi’s dream of a cashless society a reality with our various technological innovations.

We aim to provide high quality financial services to the rural sector which helps Adarsh Credit to prosper at a quick pace. Our society has more than a decade of experience and expertise in delivering great value to the members.

Apart from Adarsh Money, we also have other lucrative investment schemes such as Adarsh Triple and more. Check them out now!

Train the trainer

Adarsh Credit organizes “Train the trainer” program in Ahmedabad

The leaders of an organization have a lot of responsibility on them. It is their duty to motivate and encourage the people working under them. They are also the role models for their advisors. Hence, they need to set an example for them. Adarsh Credit understands the significance of good leaders in an organization and thus held a “train the trainer” program wherein leaders of Adarsh were provided proper guidance. This program aimed to inculcate a sense of co-operation amongst its leaders.

Adarsh Credit – Encouraging leaders

“Train the trainer” seminar organized by Adarsh Credit Co-operative Society Ltd. taught leaders the technique to work together in a team with positive thinking. The first part of the program focused on how to get things done in an organization smoothly. It is essential for the leaders to guide their advisors in the right direction. Therefore, Adarsh Credit also focused on this significant point and explained them how to mould the mindset of people amongst their team and lead them towards the goal. Additionally, time management and income management were also discussed during the first part of the program.

Leaders need to think in advance on behalf of the advisors and prepare a plan accordingly. However, prioritizing is also equally important when planning for the future. In the second part of the program, they also informed their leaders about setting priorities before planning for the future. They also explained the importance of allocating resources and maintaining relationships.

In the next stage of the program, they discussed various ways to reach out to the deprived sections of the society. Adarsh Credit Co-operative Society Ltd. was developed on the foundation of uplifting the rural sector of society. Hence, they organize several meets in rural areas to promote the importance of savings. This learning was also passed on to leaders during the third part of “train the trainer” program. Moreover, they were also taught the importance of co-operation in a team. You can also read more about it here!

During the last stage of the program, the managing director of Adarsh Credit – Mr. Rahul Modi discussed future plans with the leaders. In addition to Mr. Modi, the heads of different departments also addressed the leaders about several problems encountered on the field. They also provided appropriate legal and technical solutions for the challenges faced.

Adarsh Credit thus realizes the importance of good leaders and their impact on organizations. “Train the trainer program” was a success and it saw participation from all the leaders of the organization.

Want to be a part of Adarsh Credit? Become a member of Adarsh Credit today!

sap forum

Adarsh Credit – Proud to be associated with SAP FSI Forum in London

Digitalization has brought in huge changes in the financial sector. In fact, DBS estimates that financial institutions those are not able to adopt a digital model may see a drop in ROE by ~18% over a five-year timeframe. Digitalization is also beneficial to people. Adarsh Credit understands the significance of digitalization in financial sector and hence, has been a part of SAP Forum since two consecutive years.

Adarsh Credit – Part of a global platform

The visionary and founder of Adarsh Credit Co-operative Society Ltd. had a dream to make Adarsh a “case study” in foreign countries. Adarsh Credit has realized that dream by making people aware about the progress made by them in the financial sector. Rahul Modi, the managing director at Adarsh Credit was an honorable speaker at SAP FSI Forum. He shared the story of Adarsh and mentioned about the technological advancements made by them.

It was an immensely proud day for us as Adarsh Credit Co-operative Society Ltd. was part of a global platform. Rahul Modi got a chance to tell his story through a panel discussion as well as an interview. Many delegates who participated at the Forum were shocked to see our progress has made in digitalization of its financial initiatives. This forum brought together more than 500 insurance and banking delegates and financial services experts from over 40 countries. Delegates from other two Indian insurance organizations were also a part of the Forum. During this visit, Rahul Modi also got a chance to learn about the model of a prestigious society in London, Nationwide.

We have achieved several technological milestones. We are the only credit co-operative society to launch its own mobile application. We understand that mobile devices are a big part of people’s life, today. These devices play an important role for communication, shopping as well as consuming financial services.

Additionally, we at Adarsh Credit Co-operative Society Ltd., have also implemented IPSEC BO. This allows for end-to-end data encryption. Moreover, we have also installed firewalls for each branch to restrict unauthorized access.

We have also installed and implemented Network Access Controller for end-point security. To ensure business continuity and loss of data in case of any disaster, we have also setup real-time DR solutions. It helps to preserve the reputation of our members and partners.

The competition in financial sector is increasing with the constant digital advancements. Hence, it is crucial for financial institutions to engage its clients and deliver satisfying results.

Adarsh Credit is achieving new milestones every single day and making progress in the digital sector.

Become a member of Adarsh Credit today and march towards a better tomorrow!

Wish to know about our other achievements? Read our previous blogs here!

Adarsh - daily deposit

Benefits of Daily Deposit Scheme at Adarsh Credit Co-operative Society Ltd.

This Daily Deposit Scheme will encourage the members of Adarsh Credit Co-operative Society Ltd. to develop a habit of saving on a daily basis. It will also enable them to deposit money every day from their home or work place itself. It will help them save for their future financial requirements.

The members can start with deposits as low as ₹10 per day. You can save enough money along with earning an attractive interest as well. It is popularly known as Pigmy Deposit.

The advantage of opening a Daily Deposit Account is that the depositor would be able to save certain sums on a daily basis so that he/ she would be able to meet an anticipated liability or obligation after the end of a specified period.

The minimum tenure is 1 year and maximum tenure is 2 years for a Daily Deposit Scheme.

Additionally, the minimum amount of investment is Rs. 10 for Daily Deposit Scheme and post that, deposits can be made in multiples of 5.

Adarsh Credit provides daily deposit scheme at the interest rate of 8% for 1 year and 10% for 2 years.

There is a premature facility that is available at Adarsh Credit Co-operative Society as per applicable circular.

Adarsh Credit also has loan facility available against Daily Deposit Scheme. All its members can avail maximum 60% loan against their investment amount in DDS (Minimum Deposit Balance Rs. 1000/-). The interest rate will be applicable as per rules of the Adarsh Credit Co-operative Society Ltd.

Adarsh - investment Schmeme

Adarsh Credit helps you choose the right investment scheme!

Opting for the right scheme is one of the biggest hurdles that are faced by many new investors. You should be able to define an objective of why are you investing. Let’s go through various schemes and their benefits.

Fixed deposit:

A fixed deposit is a high-interest-yielding term deposit that is offered by major financial institutions in India. Adarsh Credit Co-operative Society offers this scheme for various tenures which the members can choose as per their requirement. Also, Adarsh Credit offers attractive interest rates that are based on the tenure of the Fixed Deposit.

PERIOD (IN MONTHS)INTEREST RATE (IN % PER ANNUM)
129.00
249.00
369.50
489.50
6010.00

Recurring Deposit:

Recurring Deposit is a special kind of term deposit is also offered by major financial institutions. Adarsh Credit Co-operative Society helps people with regular incomes to deposit a fixed amount every month into their Recurring Deposit account and earn interest at the rate applicable to Recurring Deposits.

PERIOD (IN MONTHS)RATE OF INTEREST (IN % PER ANNUM)MATURITY AMOUNT (IN ₹)
129.001,259.00
249.502,643.00
3610.004,187.00
4810.005,871.00
6010.507,820.00
7210.759985.00
12011.0021262.00

Daily Deposit:

Even the smallest savings count on a rainy day. Daily Deposit Scheme is a popular product which works on the same philosophy. Adarsh Credit provides this scheme with as low as ₹10 per day; you can save enough money along with earning an impressive interest as well. It is popularly known as Pigmy Deposit.

PERIOD (IN MONTHS)RATE OF INTEREST (IN % PER ANNUM)
128.00
2410.00

Monthly Income Scheme:

The Monthly Income (MI) is a unique scheme provided only by Adarsh Credit Co-operative Society, where members can invest a lump sum amount and get returns every month till the end of the tenure after adding a special interest rate. Members from Adarsh Credit can choose investment amount along with the duration and earn interest on the same.

PERIOD (IN MONTHS)RATE OF INTEREST (IN % PER ANNUM)MONTHLY INCOME ON ₹ 10,000 INVESTED (IN ₹)
128.5070.83
248.5070.83
369.0075.00
489.0075.00
609.5079.17
729.5079.17

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

inauguration

Adarsh Credit Co-operative society inaugurates new corporate office in Ahmedabad

India’s leading Credit Co-operative Society, Adarsh Credit opened its new corporate office in Ahmedabad. The office is located in a prime location of the city. Mr. Rahul Modi, MD and Ms. Damyanti Bhandari, Executive Vice President had inaugurated the office in Ahmedabad.

The new corporate office brings all departments together and the whole space is designed to reflect the personality of their business. The office is designed to help boost employee productivity and, in turn add to the company’s growth.

Adarsh Credit Co-operative Society has set a target of opening 1 lakh micro-branches across India to provide financial services to villages along with employment opportunities to more than 25000 people each year till 2020. Adarsh Credit also introduced a mobile application for transactions for its members in 2016 as well. It is a proud moment for Adarsh Credit that over 95% of all their financial transactions are done using Adarsh Money Mobile Application.

This mobile application was introduced with an extended thought of having a cashless economy. Adarsh Credit not only introduced a cashless way of doing transactions but also introduced technological advancements in the financial industry.

The new corporate office is yet another huge step towards this goal. It will accommodate more than 350 employees. It has an open floor and all departments are working together. The main objective behind the open floor was to have a flat hierarchy and an open environment.

The office is situated on the 4th floor of Zodiac Square, Opp. Gurudwara, S. G. Highway, Ahmedabad. This new technologically advanced corporate office will ensure that the team will take Adarsh Credit Co-operative Society to a whole new level. All the departments can sit as a team and collectively enhance the quality of work and productivity.
This is a major milestone for Adarsh Credit Co-operative Society and hopefully will keep achieving more of these.

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.