The Maa Saraswati Co-Operative Urban Thrift & Credit Society Ltd.

The Maa Saraswati Co-Operative Urban Thrift & Credit Society Ltd is the best Co-Operative Society of Delhi which was awarded four shields consequently by the Hon'ble Chief Minister of Delhi, Lt Governor of Delhi –and Registrar Co-operative society and one of "Eminent co-operator for the year 2011-12 and "Best Co-Operative Society for the year 2005-06, 2007-08 and 2009-10.

With an ambition in mind and a motive to work for a social cause mainly relating with "HOW TO HELP OTHERS", a good literature, books were consulted. Draw-back of the prevailing social activities as also the market trend was taken into account. After this an idea struck to my mind to establish an THRIFT & CREDIT SOCEITY in the Co-Operative Sector under the aegis of Registrar Co-operative Societies, Govt of N.C.T of Delhi.

Accordingly, to begin with – in the feburary 1986 requisite material on the subject was collected, a few good and through gentlemen having social devotion were associated and a team was prepared for farming by late Sh Suresh Chand Gupta ji and prepareing the society titled "Maa Saraswati Co Operative Urban Thrift & Credit Society Ltd."

Further, as a first and foremost step-nearly 30 Members were searched and enrolled from various parts of the National Capital Region of Delhi. At the outset a meagre contribution was fixed for becoming a Member of the Society say as nominal amount, which included Share Money, Admission Fee, C.D and O.D etc. The major portion of this contribution was representing the amount refundable to the Members concerned.

A Board of Directors was set up and through Resolution passed unanimously the undersigned was elected as "CHIEF PROMOTOR" of the Society. Thereafter Bye-Laws of the Society were framed after a detailed deliberation. Accordingly a proposal was prepared and submitted to the Office of the Registrar Co-Operative Society with a view to getting the Society Registered. After a vigorous Follow-up it became possible and the Society was issued with a Registration Certificate bearing No. 734(U) on dated 15.01.1986 By the Registrar Co-operative Society Delhi Admin Delhi.

Since then the Society is marching forward and also the ambition was fulfilled. Nearly 5800 Members are enroll and by now the "Maa Saraswatii Co Operative Urban Thrift & Credit Society Ltd." is able to get four Shields under the Co-operative Movement of Govt of N.C.T of Delhi.

Awards

The best Co-Operative Society of Delhi which was awarded four shields consequently by the Hon'ble Chief Minister of Delhi, Lt Governor of Delhi, and Registrare Co-operative society and one of "Eminent Co-Operator for the year 2005-2006, 2007-2008, 2009-2010" and for "Best Co-Operative Society for the year 2011-2012"

Executive Members

Sh. Prabhakar Sharma

President

Sh. Anmol Garg

Vice President

Sh.Mahender Gupta

Hony. Secretary

Sh. Balbir Singh Sagar

Treasurer

Sh. Mahender Kr. Gupta

CEO

Mrs. Manisha Gupta

M.C. Member

Smt. Lalita Upadhyay

M.C. Member

Sh. Yogender Kr. Goel

M.C. Member

Sh. Hariom Sharma

Manager

Features

Loan Limit of Member

Upto Rs. 2,00,000/- (Refundable in 80 Max. Instalments)

Emergency Loan

UptoRs. 10,000/- (Refundable in 10 Max. Instalments)

Loan Against F.D

90% of the Deposit .

Loan Against N.S.C

Up to the Extent of 70-90% face value of the Deposit / certificate.

Double Money Scheme

Double your money in 7 years scheme also available.

Rate ofInterest on Loan

13.20% P.A on reducing balance, 13.20% in case of Senior Citizen, Ex. Serviceman, Widows, Physically Handicapped as also to the Executive of the M.C of the Society.

Loan Against Property

70% of the total amount secured – Maximum Rs. 20 Lakhs. or Approved by the Managing Committee.

Loan Against Vehicle

70% of the total amount secured – Maximum Rs. 5 Lakhs or Approved By Managing Committee.

Loan Against C.D

'NIL'

Fixed Deposit Rate of Interest

12 Months – 8%
24 Months – 09%
36 Months – 10%
0.5% Extra interest over and above the prescribed rates of interest is allowed to Senior Citizen.

Total Membership

5750

Fixied Deposits

Aprox.Rs. 5.00Crore

Loan to Members

Rs. 12 Crore

Audit

Regularly and well within the prescribed time limit.

Maintenance of Accounts

Computerized Accounts.

Bankers

1-Punjab National Bank 2-IDBI Bank 3-Axis Bank 4-Yes Bank

Audit Classification

'A'

 • Qualified, Experienced and well behaved staff

 • Full Day Convenient Working between 9.00 AM to 3.00 PM  Lunch Timing 1.30-2.00 P.M  

    From Tuesday to Sunday. Monday weekly off. and  as per our Holidays List 

 • Fully Computerized ,fully Air conditioned office in own Building.

How To Become A Member of the Society

  • Any solvent and sound minded major citizen of India residing in National Capital Territory of Delhi is eligible for membership in the society.
  • Interested person may apply for membership on the prescribed Application Form available in the office of the society on payment of prescribed fee.
  • Application Form must be filled in and signed without any overwriting and corrections/cuttings.

The Application form must be accompanied with

  1. Personal Identity Proof (Aadhar/ Voter Identity Card, PAN Card and Pass Book of Bank A/c with statement of last six month)
  2. Residential Proof (Water/Electricity Bill together with title documents of owned residential property / N.O.C cum undertaking from Land Lord accompanied with title documents of property and his/her personal Identity Proof)
  3. Business Proof (Service Identity Card/ Documentary Evidence of Other Business / Profession) 
  4. Income Proof (Salary Slip /Certificate from employer or Income Tax Return as applicable or any other documentary evidence)
  5. Six recent passport size photographs must be affixed on the appropriate place specified on the application form. Membership Identity card and signature verification slip.
  6. Nominee photo with residence proof (Election Card/Aadhar Card/passport/Passbook of Bank account etc.)
  7. Introducer must sign and fill his details at the appropriate column specified for the purpose. 
  8. Two affidavit of applicant on the prescribed format on 10/- Stamp Paper attested by Notary public/oth commissioner.
  9. Rs. 3200/¬ in total i.e Rs.1700/-cash and a cheque for Rs.1500/-or Demand Draft in favour of "Maa Saraswati Cooperative Urban T/C Society Ltd. payable at Delhi.
  10. Any other document may required as per circumstance.

Note: Self Attested Photocopies of All required documentary evidences must be annexed with the application form and original must be produced for verification only.