In India the credit co-operative sector developed to help the people of low income group and Sai Multistate Credit Cooperative society limited has a big role to play in economic development of low class and middle class people. Sai Multistate Credit Cooperative society limited is registered under The Multi-State Cooperative Societies Act 2002, central registrar of cooperative societies, Government of India vide registration No. MSCS/CR/548/2012. The Government of India has formed rules to ensure the security of the deposits with Credit Cooperative Societies and it is mandatory by law for all registered societies to operate within those regulatory acts. Sai Multistate Credit Cooperative society limited follows all existing parameters of fund sufficiency those formed by Government of India. The accounts of society are subject to audit by statutory auditor and audit reports should be submitted to Central Registrar Office for their governance.
Sai Multistate Credit Cooperative society limited works to create a better future every day and helps our members feel good and get more with products and services that are good for them and good for others, At Sai Multistate Credit Cooperative society limited is committed to improving the quality of life. Our Board/management, Legal Advisors, Staff, Leaders and Development team comprises of reputed members of the credit cooperative sector. Under their leadership Sai Multistate Credit Cooperative society limited has consistently focused on setting benchmarks in all aspect of credit society.
We believe in "Saving is also earning". We are always ready to support your self-confidence in action for specially the people who have a strong enthusiasm to overcome financial problems. In future, this organization envisions developing itself into a local development bank.
About Our Society
Sai Multistate Credit Cooperative society limited is a multi state credit society. The society is registered under government of India, multistate co-operative society act-2002. Vide Registration No. MSCS/CR/548/2012. It is governed under central registrar of cooperative societies, Government of India. Sai Multistate Credit Cooperative society limited is a financial organization managing financial transactions amongst its members under the the Multi-State Cooperative Societies Act 2002, government of India has formed to ensure the security of the deposits with credit cooperative societies. The society is authorized by its bye-laws to accept deposit by its members under different schemes like saving account, Fixed Deposit, Recurring Deposit, Daily Deposit, MIS, Bonds and other various Special Plans. The deposit schemes are designed to deliver maximum value to our members, offering attractive rate of interest along with other benefits.
"The primary objective of the Society is to uplift the social and economic conditions of its members by promoting saving habits."
Sai Multistate Credit Cooperative society limited has its registered office at Omerga and the Head office at Mangalore. Presently the area of operation of the Society is in the states of Karnataka and Maharashtra. The norms and rules of working related to the Society have been outlined under the Bye-laws of the Society.
Sai Multistate Credit Cooperative society limited strictly abides by the Multi State Cooperative Society Act 2002, and conducts its business amongst the members of the Society. The Society uses the funds for loans to its members and for investments as per the Multistate Cooperative Society Act / Rules / Bye-laws.