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Adarsh Credit

Adarsh Credit brings revolution in the field of credit co-operative societies

In the current scenario of the Indian economy, credit co-operative societies have their own importance. And Adarsh Credit has given a tremendous contribution to this. It has brought an incredible revolution in the sector of credit co-operative societies. In support of ‘Sabka Saath, Sabka Vikas (Collective Efforts Inclusive Growth)’ and Digital India, Adarsh Credit has done a lot.

Right from our one-of-its-kind mobile app Adarsh Money to various competitive financial products, we have always tried to establish transparency between us and our members. With 19 lakh members, we have made a unique identity as a credit co-operative society not only in India but the entire world.

Why people love Adarsh Credit?

From the beginning only, our operations and services have been very transparent. While updating our various products and services, we have also been progressing by leaps and bounds in the technology genre. Our members are facilitated with an extremely helpful mobile app Adarsh Money through which they can access their account from anywhere anytime. Checking account balance, transferring funds, paying utility bills and recharging wallets were not as easy as this before. Adarsh Money’s breakthrough features like touch ID, e-KYC and UPI gateway have made our members’ lives easier! Need more reasons why they love us?

Unique identity of Adarsh Credit in entire world

With our great financial products and transparent operations, we have become India’s largest multi-state credit co-operative society. We have waved our success flag not only in our country but the entire world. And this success was taken as a case study. In addition to this, our MD Mr. Rahul Modi was specially invited to a program held in London for unveiling the roots of our success.

With 19 Lakh members, Adarsh Credit Co-Operative Society Ltd. has become one of the most-preferable credit co-operative societies in India. Looking forward to receiving more love from you all.

Thank you!

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.

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.

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!

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.

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.