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