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.

Adarsh Credit Co-Operative Society supports RBI’s move to open up unified payment interface (UPI)

Adarsh Credit Co-Operative Society supports RBI’s move to open up unified payment interface (UPI)

The Reserve Bank of India, on 20th March, announced a plan for making digital wallets inter-operable through UPI (Unified Payments Interface) platform. This is under the digitization program of the Government. According to some reports issued by the Reserve Bank of India, the guidelines for interoperability of the wallets and KYC (Know Your Customers) are yet to be prescribed.

What is Interoperability?

It lets you transfer direct money from one digital wallet to another digital wallet without the need of going through traditional banking. Adarsh Credit Co-Operative Society’s mobile application platform Adarsh Money has already tied up with a digital wallets such as Oxigen Wallet , Jio Money and Airtel money.

Inspite of some false allegations which are being spread about Adarsh Credit Co-Operative Society Ltd., we have always continued to serve the best interest to our members and such false accusations will never work and will not impact the loyalty of our members and advisors.

Adarsh Credit Co-operative Society reviews this move by the Reserve Bank of India as a much needed step to bring our country into a digital platform and to promote the Digital India campaign.

We, at Adarsh Credit Co-Operative Society Ltd always believe that the proposed RBI guidelines for opening for Unified Payment Interface would boost up the mobile banking, ecommerce transactions and online payments.

Ultimately, this will eliminate the requirement of using paper currency and will promote more cashless transactions and will lower the overall corruption rate in the country.

One of the most reliable co-operative societies in India

Adarsh Credit Co-operative Society – One of the most reliable co-operative societies in India

Adarsh Credit Co-operative Society Ltd. has always worked very hard and put in all the efforts to reach at the top position. All the technologies that we use are streamlined and help us to sustain and grow our current business. The modern technological adaptations have also helped us to come up with various new features and products that ultimately support our business development. This can be counted as one of the factors of Adarsh Credit Co-operative Society to become the most successful co-operative societies in India.

We, at Adarsh Credit Co-operative Society, have adopted the world’s most prominent technology and tools for core financial solutions and mobility solutions. This is how Adarsh Credit Co-operative Society has become successor in terms of reliability and sustainability among its members. Since we have started, we have been serving more members day in and day out. For this, we had to make sure that our systems work round the clock, which demanded increasing software and hardware costs which ultimately began to hurt our margins.

Without much strategic planning, we went through a phase of adding servers. We were running around several physical servers at our primary data center and around the same number at our secondary site. The lists of solutions were expanding and the server platform was getting bigger. We had to take steps as the costs were increasing day by day. As we were operating with very low margins, it was essential for us to keep the expenses as low as possible.

Later on, we turned into virtualization and were able to run more virtual machines on the physical servers with VMware, compared to our competition. From all our servers, around 95% are now visualized and we expect this figure to reach 100% soon. So after all; everything went good also from the cost perspective.

This is how, through infrastructure and technology, we have become successor in terms of growth and reliability.

cashless economy with Adarsh

The dream of cashless economy, now a reality with Adarsh

Honourable Prime Minister Narendra Modi believes that, “We will only succeed in bringing a change only when we change ourselves.” Digitization has proven to be a good change for our country and Adarsh Credit Co-Operative Ltd. has given a remarkable contribution in making India go digital.

Adarsh Credit Cooperative Society’s Mobile Money Application Adarsh Money has joined hands with digital wallet Oxigen and has led digitization revolution in the country. This has given our members a whole new experience in making financial transactions. Through our digital wallet transactions, it seems that the cashless dream is going to become a reality very soon.

Adarsh Credit Co-Operative Society Ltd. has played a significant role in making rural India to avail financial services through our various technological adaptations. The mobile money application ‘Adarsh Money’ is one of them which has made it possible for rural India to engage in online payment methods and by doing this, the transparency in financial transactions has also been enhanced.

Apart from this, Adarsh mobile money application has enabled us to take care of the complaints of our members and advisors. Adarsh Mobile Money applicaton has also extended the scope of resolving the complaints in a very short period of time.

With Adarsh Money mobile application, we have become successful in bridging the gap between rural population and financial transactions. Now people from rural India need not to come across long distance to use Adarsh Credit Cooperative Society’s services for their financial transactions. Account handling or financial transactions or investing in any deposit scheme’s – everything is now at their fingertip, just one touch away.

Through Adarsh Mobile Money application, we have provided various services to our members such as NEFT/RTGS to any bank account across the country, easy money transfer, mobile recharges and digital transactions. Adarsh Credit Co- Operative Society has more than 1.7 million members and more than 809 branches and by using our advanced technology in financial services we have been successful in delivering the best-in-class financial services to our members.

Such advanced technological adaptation in financial sectors has been used by one and the only co-operative society in India and that is Adarsh Credit Co-Operative Society Ltd.

Adarsh Credit Co-Operative Society is progressing day by day and there is tremendous rise in our Adarsh mobile money application users, thus we can say that India’s dream of becoming a cashless economy is going to be a reality very soon.

darsh - India's most renowned cooperative societies

How Adarsh has become one of India’s most renowned cooperative societies?

The story of Adarsh Credit Co-Operative Society Ltd. started in 1999 with only a few branches. Far from the realm of technology, the society had a lot of paper work and manual work to do. The goal was to gain the customer trust and to become a global player in the sector of co-operative societies.

As our core business was more emphasized on financial transactions, we provided to our members the best financial services at their doorstep. We started to appoint the Advisors who had played the key role in our success story. On behalf of Adarsh Credit Co-Operative Society, advisors had started collecting the deposits door-to-door from the members.

Apart from this, we also launched some attractive schemes for the members. Our objective was never to become a profit-making organization. We have always believed to concentrate more on ‘let’s grow’ approach together rather than succeeding individually.

We have always believed to grow together with our members and advisors. This is the reason why we have succeeded to become one of the India’s most recognizable and trusted co-operative societies.

Indias most recognizable co-operative societies

Adarsh Credit Cooperative Society – One of India’s most recognizable Co-operative Societies

  • More than 1.7 million members
  • More than 2.5 lakh advisors
  • More than 809 branches

These numbers speak nothing but the prestige and success of Adarsh Credit Co-Operative Society. Started in the year 1999, Adarsh Credit Co-Operative Society had a vision to accelerate its reach to every curve across the country and today with more than 809 physical branches; it is now present in almost each and every corner of the country.

We have always tried to make Adarsh Credit Co-operative Society, one of the best co-operative societies in India and we are happy to say that we have been successful throughout our journey. We have enriched the financial and social status of our members by offering member-centric and by providing good quality services using most advanced technologies in financial services.

Moreover, Adarsh Credit Co-Operative Society has won the hearts of its members by providing the best financial services. It is available to serve its members anytime 24*7. The members can also place any grievances or request from any place of the country during anytime of the day.

We, at Adarsh Credit Co-Operative Society, have always keen to adopt the best practices in terms of technologies and business processes. This has made Adarsh Credit Co-Operative Society to be unique and most recognizable amongst all other co-operative societies of the country.

Adarsh Money – Mobile app

Adarsh Money – Mobile app for our members and advisors

Today, in the world of digitization, everything is turning digital. In order to serve the best services to our members and promote the cashless economy, Adarsh Credit Co-operative Society Ltd. had decided to come up with a mobile application.

We, at Adarsh, have equally subsidized and played a momentous protagonist to accomplish the assignment of making more people to enter the realm of digitization. For both – our members and advisors, we developed mobile applications which are available for free on Android and iOS platforms:

  1. Adarsh Money for Members (For Members only)
  2. Adarsh Money for Advisors (For Advisors only)

Adarsh Money for Members

This mobile application is encumbered with all the modern features which should be there in a mobile app of a financial institution or a co-operative society. Key features of this app are as under.

Key features:

  • Opening Savings, Current, Term Deposit RD and DDS accounts
  • Internal Fund Transfer
  • NEFT/RTGS
  • UPI based Payments
  • QR Code based payments
  • Wallet Recharge
  • Mobile and DTH Recharges
  • Bill Payments
  • Merchant Payment
  • Data card Payment

Apart from this, we have also kept provision for Reward Points and cash back on festive day recharges for our esteemed members.

Adarsh Money for Advisors

We have developed this mobile app keeping in mind the requirements of advisors. Features of this app are focused on business operations.

Key features:

  • All the collections
  • Account opening
  • Financial transactions
  • Advisors personal commitments
  • CRPB collections
  • Incentive details

Through both these mobile apps, we have well-maintained the transparency between our advisors and members by sending them SMS and e-mails for each transaction they make.

Both these apps are available on Google Play Store and Apple App Store for free. So you can download them.

save environment by Adarsh Credit

A promise to save environment by Adarsh Credit Co-Operative Society Ltd.

We at Adarsh Credit Co-Operative Society Ltd. have always been honest with whatever we do. But the rumours have been spread that Adarsh Credit Cooperative Society’s is involved in several controversies and scandals.

Adarsh Credit Co-Operative Society Ltd. has always been enthusiastic to listen to the members’ problems and find solutions to their problems. Mr. Mukesh Modi, the Founder of this society strongly believes in carrying out a task without expecting for any reward.

This is well understood from the recent event held on the World Water Day by Adarsh Credit Co-Operative Society Ltd where our Managing Director, Mr. Rahul Modi inaugurated Adarsh Charitable Foundation.

Speaking on this event, Mr. Rahul Modi said, “Water conservation is the need of the hour. Water is the source of life and there is no life without water. On the occasion of World Water Day, let us all take a pledge to save eachdrop of water. Inauguration of Adarsh Charitable Foundation on the occasion of World Water Day is an important decision. For many years, Adarsh Credit Co-operative Society has been supporting water conservation initiatives and has provided clean drinking water to needy people.”

With such responsible action towards protecting environment, it can be certainly said that Adarsh Credit Co-Operative Society keeps up the responsibility of its existence and services. On the occasion of this great event, all field workers of Adarsh Credit Cooperative Society have promised to donate 1 rupee everyday from their commission to Adarsh Charitable Foundation. Moreover, every member of the society will also give significant contribution for the initiatives carried out under Adarsh Charitable Foundation.