FIXED DEPOSITS IN CO-OPERATIVE BANKS
FIXED DEPOSITS • There are a unit several cooperative banks that supply terribly competitive and high rates of interest on mounted deposits. In fact, compared to alternative varieties of banks, co-operative banks, supply a far higher rate of interest.
FIXED DEPOSITS • It is a wise choice to invest an explicit pool of savings into these varieties of mounted deposits than standard term deposits. • Co-operative banks supply a large vary of economic services and product, together with mounted deposits.
ONLINE DEPOSIT Online fastened Deposits from CoOperative Banks: With all different banks giving net banking and on-line services, cooperative banks have additionally stepped up their game and have begun to supply such services.
ONLINE DEPOSIT • Fastened deposits from co-operative banks may be simply purchased online with none problem in a very matter of minutes. • Most fastened deposits from such banks may be purchased with borderline documentation and by providing basic personal details.
PROCEDURE • Let us take a glance at the procedure to open a co-operative bank fastened deposit account • Log on the web site of the several cooperative bank • Click on the fastened deposit choice and select the term deposit arrange
PROCEDURE • Click on the ‘Buy currently or Purchase’ choice • Fill in basic details by downloading the fastened deposit form • Proceed and create payment on-line
WHO CAN BECOME MEMBER OF CO-OPERATIVE SOCEITY? • a personal competent to Contract, earned majority and is of sound mind and belongs to a category of persons if any for whom the society is made as per its bye-laws; • a society registered or deemed to be registered below the Co-operative Societies Act;
WHO CAN BECOME MEMBER OF CO-OPERATIVE SOCEITY The Government; No individual shall be eligible for admission as a member of a federal society Persons Indian agency could become members of a Multi-State Co-operative Society: (As per Multi-State /cooperative Societies Act, 2002).
WHO CAN BECOME MEMBER OF CO-OPERATIVE SOCEITY • A personal, competent to contract below section eleven of the Indian contract Act, 1972. • Any multi-state Co-operative society or any Co-operative society. • the Central Government
WHO CAN BECOME MEMBER OF CO-OPERATIVE SOCEITY? • National Co-operative Development Corporation (NCDC) • The other Corporation armed or controlled by the govt. • No individual person shall be eligible for admission as a member of a national Co-operative society or a federal Co-operative