Is it safe to invest in credit cooperative society?

AR Kadam answered. It is recommended to avoid FDs in co-operative societies or co-operative banks given the recent case of PMC Bank even though they give better FD returns than Larger Banks.

Is Tirumala Tirupati credit society safe?

The overall rating of Tirumalla Tirupati Multistate co-op Credit Society is 4.5, with Job Security being rated at the top and given a rating of 4.4. However, Work-Life balance is rated the lowest at 3.7.

Is investing in Sahara credit Cooperative Society Limited safe?

The Sahara Credit Cooperative Society is not regulated by SEBI or RBI. As such, if you are not comfortable with the safety of your capital invested in Sahara Credit Cooperative Society, you should immediately discontinue your investments and take recourse to all the measures necessary to ensure your capital safety.

Is Iccsl registered under RBI?

The society is registered under Government of India, Multi-States Cooperative Societies Act 2002 with registration No. ICCSL follows all existing parameters of fund sufficiency and is bound to pursue those formed by Government of India.

Where can a society invest money?

A multi state cooperative society may invest or deposit its funds (a) In a cooperative bank, state cooperative bank, cooperative land development bank or central cooperative bank or (b) in any of the securities specified in the Indian Trusts Act, 1882 (c) in the shares or securities of any other multi state society or …

Can a society invest in shares?

These investment avenues include all the debt products of mutual funds and shares of companies having market capitalisation of more than Rs 5,000 crores. All the societies, including housing societies, can now invest even in units of equity funds of mutual funds, as well as exchange traded funds.

Which is safest credit society in India?

Tirumalla Tirupati Multistate Co Operative Credit Society Ltd
The only trustworthy credit society in India. This Society Is Trustworthy And Better Than Other Society. Tirumalla Tirupati Multistate Co Operative Credit Society Ltd (corporate Office) Best rate of returns currently available in the market.

Which is fastest growing credit society in India?

Tirumalla Tirupati Multistate Co-operative Credit Society Limited is a Multi State Co-Operative Society registered under Multi State Co-Operative Society Act 2002. The primary objective of the society is to uplift the social and financial status of its members by promoting/educating saving habits amongst them.

Is Sahara India fake?

January 2011 – Delhi High Court issued a warrant against Sahara India Pariwar chairman Subrata Roy and four other officials of the group on a complaint that it deceived investors in a proposed housing project of Rs. 25,000 crore. 17,400 crores to their investors and asked the details and liabilities of the companies.

Did Sahara investors get their money back?

Capital markets regulator Sebi has managed to refund Rs 129 crore to investors of two Sahara companies in nearly nine years after being assigned the task by the Supreme Court, while the amount deposited in specially-opened bank accounts for the repayment purpose has swelled to over Rs 23,000 crore, according to the …

Which is the safest credit society in India?