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Continue readingTo accept deposit from the members of the Company under saving, Deposits, Fixed deposits, Recurring Deposits and such other saving schemes that may from time to time be decided by the company.
Manav Kalyan Credit Cooperative Society Ltd. to carry on the business of all kinds and descriptions as may be permitted to be carried by Society in terms of the provisions of the Companies Act, 2013 & that the company is limited by shares, rules made there under and to encourage, afford all facilities for cultivating thrift, savings habits and to render all financial assistance to its members, to receive, accept or collect savings or money from its members of all categories as deposits.
Fixed Deposit (F.D), Recurring Deposit (R.D), Saving Deposit and Loan Schemes under various schemes formulated from time to time by the company and to provide Interest or benefit on the Deposits, as is fit for and beneficial to the company and to the members as per the rules & regulation or guideline of Reserve Bank of India (RBI), Ministry of Corporate Affairs and Regulatory Authority on Society.