Our Services

Shares: Total Rs. 2,00,000/- at Rs. 500 per share.
Authorised Share Capital: Rs. 20 Crore.
Paid-up Capital: Rs. 18 Crore 84 Lakh 90 Thousand 9 Hundred 60 Rupees .
Subscription: Minimum Rs. 1,000 per month. ( Compulsory Saving)

Savings Schemes

MSB Savings Account

Interest Rate: 5%

Savings bank account opening form

Saving account withdrawal slip

Fixed Deposit

6 MONTH - 6%
ONE YEAR - 8%
18 MONTHS TO 36 MONTH - 8.50%
42 MONTH AND ABOVE - 9.50%

Our Fixed Deposit scheme provides a secure and dependable way to grow your savings. With attractive interest rates, flexible tenure options, and guaranteed returns, it ensures your money works for you while offering complete safety. Whether you're planning for the short term or building long-term financial stability, our Fixed Deposit helps you achieve your goals with confidence.

Recurring Deposit

6 MONTH - 6%
ONE YEAR - 8%
18 MONTHS TO 36 MONTH - 8.50%
42 MONTH AND ABOVE - 9.50%

Our Recurring Deposit scheme helps you build a disciplined saving habit by allowing you to invest a fixed amount every month. With attractive interest rates and guaranteed returns, it is an ideal way to accumulate savings steadily over a chosen period. Whether you're planning for future expenses or long-term goals, our RD offers a safe and rewarding path to financial growth.

Double Deposit Scheme

Time Period - 96 MONTH

Our Double Deposit Scheme is designed to help members grow their savings significantly over a fixed period. By investing once, your deposit doubles at maturity, offering a secure and attractive return. This scheme provides a reliable way to build wealth with guaranteed benefits and complete peace of mind.

Monthly Income Scheme

Interest Rate - 8%

Our Monthly Income Scheme (MIS) provides members with a steady and reliable source of income. By investing a fixed amount, you receive regular monthly payouts, making it an ideal choice for those who prefer consistent earnings with complete financial security. MIS ensures stability, guaranteed returns, and peace of mind throughout the investment period.

CORE BANKING

Definition: Core Banking is a central system that processes banking transactions across various branches of a bank or credit society.
Scope: This system primarily includes deposit transactions, loan management, and the overall administrative processes of the credit society.
Member Convenience: Priority is given to making financial transactions easier for both existing and potential members.
Technical Efficiency: Due to automation, transactions become more secure, effective, fast, and convenient.
Remote Access: These transactions can be managed and controlled remotely from any part of India.
Fundamental Necessity: In reality, Core Banking has become a vital and fundamental requirement for credit societies today.
Cost Reduction: This system helps in significantly reducing operational costs.
Member Accountability: It enhances the practical financial responsibility and capability of the members.
User-Friendly: Being a software application-based platform, it makes the banking system user-friendly and highly efficient.
Multidimensional Benefits: The advantages of the Core Banking system are multifaceted and broad.
Competitiveness: It helps institutions maintain a balance and stay competitive in the rapidly evolving financial sector.
Additional Services: Based on this system, other facilities such as Mobile Banking, ATMs, and Mobile Apps can be integrated.

E-SERVICES

1. Positive Use of People-Oriented Social Platforms

The institution provides essential and useful information regarding financial transactions to its members 24/7 through popular social platforms. To ensure that the financial relationship between members and the institution remains trustworthy, all transactions are recorded and preserved through a computerized system. By leveraging social platform technology positively, members can access all necessary account information anytime, day or night. This service strengthens the bond of trust between the member, the institution, and their financial dealings.

2. CMP BANKING

Infrastructure and Rapid Service for Members

Recognizing the financial needs of members, all institutional transactions are conducted with speed. The most critical transactions for members include the transfer of sanctioned loan amounts to their bank accounts, the payout of matured investments, and the immediate settlement of final dues after a member retires or ends their membership.

In traditional processing, technical banking issues often caused delays in these transfers. Addressing this as a fundamental priority, the institution has developed its infrastructure using modern technology. By utilizing instant banking systems like IMPS, NEFT, and RTGS, all member transactions are now completed rapidly.

Member Loan Insurance

Loan Insurance:

To meet the financial needs of its members, the institution provides loans at easy interest rates. To secure those loans, a loan insurance amount of 1% will be deducted from the sanctioned loan at the institutional level. This loan insurance will cover the loan taken by the member from the institution in case of accidental or natural death. The institution will recover its loan from the insurance. The loan insurance will be valid for the duration of that loan.

Terms and Conditions:

1% of the sanctioned loan amount will be deducted as loan insurance. The insurance amount will be non-refundable.

At the time of loan disbursement, the loan insurance amount will be deducted, and the remaining amount will be deposited into the members' accounts or given via cheque.

Taking out loan insurance at the time of loan disbursement is mandatory.

If the debtor member dies, their loan may be recovered from the loan insurance, subject to the policy's terms and conditions.

It is mandatory for the heir or guarantor to provide information and documents to the institution regarding the death.

A 1% insurance will be taken out on the remaining loan of all the debtor members of the institution. For this, the insurance amount will be recovered from their compulsory savings deposits (on loans where loan insurance was not taken).

The Board of Directors shall have the right to change the loan insurance amount or percentage from time to time as they deem necessary.

The insurance amount will be accepted in cash.

The Board of Directors shall have the right to decide whether or not to make a "Claim Settlement" for a member's permanent disability caused by an accident.

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