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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.

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.

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!