Indian Co-operative Credit Society Ltd.

 Indian Co-operative Credit Society

Indian Co-operative Credit Society Ltd. (www.iccsl.in) is a unique Business Family owned by our Members including: Advisors, Employees and Share holders. ICCSL is governed under the Multi-State Cooperative Society Act, 2002 and is defined as a financial organization managing financial transactions amongst its members under the act of Cooperatives Societies. The society is registered under Government of India, Multi-States Cooperative Societies Act 2002 with registration No. MSCS/CR/77/98 (Please read the Group Profile, given on page down below).

The Government of India has formed rules to ensure the security of the member-deposits with Credit Cooperative Societies and it is mandatory by law for all registered societies to operate within those regulatory acts. ICCSL follows all existing parameters of fund sufficiency and is bound to pursue those formed by Government of India. The accounts of society are subject to audit by audit department and audit reports are then submitted to Registrar Office for their governance.

ICCSL is authorized to take deposit from its members (As per Bylaw registered with Ministry of Agriculture and Co-operation, Govt of India, New Delhi), and it issue Deposit Receipts (DR) with a guaranteed rate of interest, which is very fair and legal. ICCSL accepts term deposits, as per the bylaw and also it offers complete banking solutions like daily deposits, short term deposits, long term deposits, monthly income plans, recurring deposits, current account, saving account and loans to our members.

Corporate Approach: A cooperative society is a social enterprise, where a group of individuals with common objective come together and 'co-operate' with each other to achieve that objective. Indian Co-operative Credit Society Ltd., is one such voluntary association whose main objective is to provide support to its members. We are not established to earn profit, but to provide the benefits of togetherness. We sincerely promote the TEAM phrase "Together Each-one Achieves More". Keeping the co-operative principles in forefront, ICCSL works as a fully democratic organization. Its governance & policies are transparent and are managed by the ‘Board of Directors’ elected by it members. The elections are normally conducted in the Annual General Meeting each year for filling up vacant posts.



ICCSL offers credit to worthy people from different strata of life. We provide loans in small amount to small time traders; low income businessmen; salaried individuals; housewife's etc. to enable them to meet their various financial requirements.

We also provide various banking solutions like deposits, saving accounts and monthly income schemes to our members and have introduced series of deposits that cater to various financial goals within a family, like children's education, daughter's marriage, retirement plan etc.

Apart from banking solutions, other upcoming services at ICCSL include Air and Rail ticket booking, utility bill payment, tour packages, hotel booking etc. Indian Co-operative Credit Society Ltd. is structured to be a dynamic, democratic, member-owned and socially responsible entity with a primary purpose of providing high-quality and fairly priced financial services. ICCSL is committed to promote, coordinate, and expand economic opportunity for members through a growing network. It envisions transforming cooperatives into safe and sound financial institutions that would cater quality services and safeguard members' money.

ICCSL VISION: The ICCSL vision is to make financial services universally available; and to promote poverty alleviation through the development of a strong, sustainable economic infrastructure, using financially sound market mechanisms’.

To instil the Co-operative Spirit as a way of life;

To provide the best benefits and assistance possible;

To serve our members as none other than our own family members

To improve our member’s economic and social well being

To increase leadership through participation in the affairs of the Co-operative

To promote a sense of belonging for the Co-operative and

To co-operate with other Co-operative and organizations to strengthen the Co-operative principles.

ICCSL CO-OPERATIVE VALUES SELF-HELP – Believe in helping people to help themselves to grow and achieve economic and social independence. SELF-RESPONSIBILITY – ICCSL Take responsibility for, and encourage our members to be responsible for their actions, as well. EQUALITY – All members are equal in ICCSL , irrespective of their monetary standings EQUITY – ICCSL conduct our businesses in a fair and unbiased way DEMOCRACY – ICCSL Members have a say in the way we run our businesses SOLIDARITY – ICCSL share common principles, values, interests and purposes with our members and other co-operatives.