How many multi state cooperative society are there in India?

Ministry of Cooperation, Govt. of India

S No Society Name Received
51 The People Multi-State Coop. Credit Society Ltd., 09 Mar 2022
52 The Evergreen Farmers Development Multi State Cooperative Society Ltd, 09 Mar 2022
53 Aarambh Agro Purpose Cooperative Society ltd., 09 Mar 2022
54 Ujala Credit Coop. Society Ltd., 08 Mar 2022

Who regulates multi state cooperative society in India?

The Reserve Bank regulates the banking functions of StCBs/DCCBs/UCBs under the provisions of Sections 22 and 23 of the Banking Regulation Act, 1949 (As Applicable to Cooperative Societies (AACS).

Which is the best multistate credit society in India?

Tirumalla Tirupati Multistate Co Operative Credit Society Ltd (corporate Office) Best rate of returns currently available in the market. Loans are also landed against collateral. Overall, no. 1 credit society in India.

Is Iccsl registered under RBI?

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).

What are the benefits of multi-state cooperative society?

The advantage of registering under the MSCS Act is similar to the benefits acquired by registering a company. A registered multi-state cooperative society has the privileges of limited liability, separate legal identity, and the ability of members to transfer their membership.

What are the benefits of multi state cooperative society?

Is it safe to deposit in Iccsl?

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.

Is cooperative society under RBI?

Cooperative banks are currently under the dual control of cooperative societies as well as RBI. While the role of the cooperative society includes incorporation, registration, management, audit, supersession of board of directors and liquidation, RBI is responsible for regulatory functions.