Lokhit Bharti - Co-Operative Society India
Lokhit Bharti - Let us take one story. There was a poor villager has two buffalo and gets ten liters of milk. After utilization by his family regular he discovers a surplus of five liters of milk. What would he be able to do with the surplus? He may need to offer the milk however may not find customer in village. Some individual advised him to sell the milk in the close-by town or city. Again he thinks that it challenging, as he doesn't have cash to head off to the town to sell milk. Do you have any answer for him? One day that poor villager met a learner of NIOS who had prior perused this lesson. The learner let him know, you see, you are not the only individual confronting this issue. There are numerous others in your nearby village who face a comparable issue. Why not all sit together and find a solution for your problem? In the morning you can gather the surplus milk at a normal place and send some person to the close-by town to sell it. Again in the evening, you can sit together and appropriate the cash as per your commitment of milk. Obviously first you need to deduct all the expenses. That villager consented to what the learner said. He educated everyone regarding this new thought and framed an aggregation of milk makers in his town. By offering the milk in the adjacent town they were all ready to gain cash.
One day some form prescribed that rather than offering just drain why not generate other milk items like ghee, spread, cheddar, milk powder and so forth and offer them in the business sector at an improved cost? Every one of them concurred and did the same. They handled quality milk items and discovered a quite great business for their items in the adjacent town as well as in the whole nation. Simply think it over. A poor villager, who was not ready to offer five liters of milk in his town, is currently offering drain and milk items all around the country. This is the reward of a joint effort or co– operation.
So those who want to work together with some common economic objective can form society which is termed as “co-operative society”. It is a voluntary association of persons! Render service rather who work together to promote their economic interest. It works on the principle of self-help than making profit as well as mutual help. The main objective is to provide support to the members. Nobody! Mutual help instead joins a cooperative society to earn profit.
Types of co-operative society:
1. Consumers’ Co-operative Society: - These societies are formed to protect the interest of general consumers by making consumer goods available at a reasonable price.
2. Producers’ Co-operative Society: - These societies are formed to protect the interest of small producers by making available items of their need for production like raw materials, tools and equipment’s, machinery, etc.
3. Co-operative Marketing Society: - These societies are formed by small producers and manufacturers who find it difficult to sell their products individually.
4. Credit Co-operative Society: - Credit Co-operative Society is formed to provide financial support to the members. The society accepts deposits (Daily Deposit, saving account, current account, recurring scheme etc) from members and grants them loans (vehicle loan, gold loan, home loan etc) at reasonable rates of interest in times of need.
5. Co-operative Farming Society: - These societies are formed by small farmers to work jointly and thereby enjoy the benefits of large-scale farming. Lift-irrigation co- operative societies and pani-panchayats are some of the examples of co-operative farming society.
One day some form prescribed that rather than offering just drain why not generate other milk items like ghee, spread, cheddar, milk powder and so forth and offer them in the business sector at an improved cost? Every one of them concurred and did the same. They handled quality milk items and discovered a quite great business for their items in the adjacent town as well as in the whole nation. Simply think it over. A poor villager, who was not ready to offer five liters of milk in his town, is currently offering drain and milk items all around the country. This is the reward of a joint effort or co– operation.
So those who want to work together with some common economic objective can form society which is termed as “co-operative society”. It is a voluntary association of persons! Render service rather who work together to promote their economic interest. It works on the principle of self-help than making profit as well as mutual help. The main objective is to provide support to the members. Nobody! Mutual help instead joins a cooperative society to earn profit.
Types of co-operative society:
1. Consumers’ Co-operative Society: - These societies are formed to protect the interest of general consumers by making consumer goods available at a reasonable price.
2. Producers’ Co-operative Society: - These societies are formed to protect the interest of small producers by making available items of their need for production like raw materials, tools and equipment’s, machinery, etc.
3. Co-operative Marketing Society: - These societies are formed by small producers and manufacturers who find it difficult to sell their products individually.
4. Credit Co-operative Society: - Credit Co-operative Society is formed to provide financial support to the members. The society accepts deposits (Daily Deposit, saving account, current account, recurring scheme etc) from members and grants them loans (vehicle loan, gold loan, home loan etc) at reasonable rates of interest in times of need.
5. Co-operative Farming Society: - These societies are formed by small farmers to work jointly and thereby enjoy the benefits of large-scale farming. Lift-irrigation co- operative societies and pani-panchayats are some of the examples of co-operative farming society.
5 ways to save your money
Whether you’re putting away money for the future or just trying to lower your cost of living, there are many ways to save your money. Building a financial future, whether it’s your retirement, your family’s future needs or simply attaining your personal goals and getting the things you want. All starts with your saving. Saving is the best and important way to make sure you’re financially safe when it counts. And it’s easy to learn how.
What actually saving mean?
Read more on: http://www.slideshare.net/Rajusrivastawa/lokhit-bharti-credit-co-operative-society
Open your saving account in the Lokhit bharti credit co-operative society
http://www.lokhitbharti.com/
What actually saving mean?
Read more on: http://www.slideshare.net/Rajusrivastawa/lokhit-bharti-credit-co-operative-society
Open your saving account in the Lokhit bharti credit co-operative society
http://www.lokhitbharti.com/
What are the different types of accounts and deposit schemes provided by the financial institutions and banks?
To fulfill the needs and requirement of the people there are many financial institutions and banks which offer the different schemes. If you want to earn with your money its better you invest in some business or deposit it in bank. Deposit your money in bank is more safe than investing elsewhere. There is no risk and it returns the interest according to your selected scheme and account. Mainly there are four types of accounts in India namely Saving Banking accounts, current accounts, fixed deposit and recurring deposits scheme. But due to increasing competition and customer requirements, there are also some other types of schemes and accounts which the bank decide itself like power saving deposit, smart deposits, monthly income scheme etc. These are the extra accounts, schemes and deposits which are decided by the individual banks to provide the better services to their customer.
We have discussed the different types of account offered by the banks but it is very necessary for you to know that which type of account suits to you. Because one account which may be benefits to other, it is not necessary that it is right to you also. Saving account are the most popular deposits which have lot of flexibility for deposits and withdrawal of money from the account. It also provides the cheque facility. The public sector banks pay the 4% rate of interest but the some private sector banks pay 5% to 7% rate of interest depending on your deposit money. Recurring deposits account popularly known as RD accounts are well suited for the person who do not have lump sum amount of saving. There are various types of recurring deposit scheme; you can pay the fixed amount of money every month usually a minimum of 100 rupee per month. These are best suited for the person who wishes to collect the money for their children marriage, education or for future saving.
Current account is mainly used by the businessmen and never be used for the saving. There is no limit on the amount of transaction or number of transactions in a day. There is no rate of interest provided to such account holder, banks charge to the customer for providing this service. It does not have any fixed maturity. Fixed deposit scheme is for 7 days to 10 years where you can deposit your money and it cannot be withdrawn till the time period is completed. These are also called as term deposit or bond. There is also a service provided by the banks that you can take the loan against fd (fixed deposit) without breaking it. Most banks offer this service. By using the fixed deposit as a security pledged for the payment of a loan, anyone can get a loan at lower rates. This loan is basically called the loan against fixed deposit. The loan against your fd offer by the banks is mainly between 75% to 90% of your deposit after maintaining a 10% to 25% margin.
We have discussed the different types of account offered by the banks but it is very necessary for you to know that which type of account suits to you. Because one account which may be benefits to other, it is not necessary that it is right to you also. Saving account are the most popular deposits which have lot of flexibility for deposits and withdrawal of money from the account. It also provides the cheque facility. The public sector banks pay the 4% rate of interest but the some private sector banks pay 5% to 7% rate of interest depending on your deposit money. Recurring deposits account popularly known as RD accounts are well suited for the person who do not have lump sum amount of saving. There are various types of recurring deposit scheme; you can pay the fixed amount of money every month usually a minimum of 100 rupee per month. These are best suited for the person who wishes to collect the money for their children marriage, education or for future saving.
Current account is mainly used by the businessmen and never be used for the saving. There is no limit on the amount of transaction or number of transactions in a day. There is no rate of interest provided to such account holder, banks charge to the customer for providing this service. It does not have any fixed maturity. Fixed deposit scheme is for 7 days to 10 years where you can deposit your money and it cannot be withdrawn till the time period is completed. These are also called as term deposit or bond. There is also a service provided by the banks that you can take the loan against fd (fixed deposit) without breaking it. Most banks offer this service. By using the fixed deposit as a security pledged for the payment of a loan, anyone can get a loan at lower rates. This loan is basically called the loan against fixed deposit. The loan against your fd offer by the banks is mainly between 75% to 90% of your deposit after maintaining a 10% to 25% margin.
How we can deposit our money in installments for future use?
Now a Day It is very necessary to save some of the percent of money from our monthly income for our future requirements. Nobody knows when and for what we have the need of money. So we must have to deposit our money to any of the financial institutions or there are many banks available near our home. We deposit money to secure ourselves, our family and our children. Lokhit bharti is the credit co-operative society provides the financial helps to the society to fulfill their needs. Lokhit Bharti currently operating in 10 states they are Uttar Pradesh, Madhya Pradesh, Bihar, Delhi, Chhattisgarh, Odisha, Andhra Pradesh, Gujarat, Rajasthan and Maharashtra.
The vision of the lokhit bharti is provides all kind of financial support ti the people. It provide various deposit schemes so that one can deposit the money as per there requirement and capability. The schemes provided by the lokhit bharti are Recurring scheme, Fixed deposit, Daily Deposits scheme and monthly schemes. Recurring deposit scheme is the scheme in which people can deposit the some of the part of their income on monthly basis. The value of the amount deposited is depends on you that how much you want to save. In fixed deposit scheme, money is deposited into bank account for certain period. It returns the highest interest rate in comparison to any other deposit schemes. Daily deposit scheme is the scheme in which you can deposit a fixed amount of money daily. Daily deposit schemes returns very low interest rate but it is beneficial for middle class o poor people where you can deposit 10, 20 rupees or whatever you want and got the big amount after some year.
Lokhit bharti also provide the various loans. The loans provided by the lokhit bharti are vehicle loan, personal loan, home loan, loan against fd, gold loan, Crop loan and education loan. Lokhit bharti provide the vehicle loan and it approved it within 48 hours without any guarantee. All have the dream of their own home. Lokhit bharti also helps them to their dream comes true. It approves the home loan within 4 days. If you have the instant requirement of the money, then it also provides the loan on your gold ornaments and jewelries that is gold loan. Also if you have a fixed deposit account and you need the money then it provides the loan against your fd without breaking the fixed deposit account.
Lokhit Bharti
The vision of the lokhit bharti is provides all kind of financial support ti the people. It provide various deposit schemes so that one can deposit the money as per there requirement and capability. The schemes provided by the lokhit bharti are Recurring scheme, Fixed deposit, Daily Deposits scheme and monthly schemes. Recurring deposit scheme is the scheme in which people can deposit the some of the part of their income on monthly basis. The value of the amount deposited is depends on you that how much you want to save. In fixed deposit scheme, money is deposited into bank account for certain period. It returns the highest interest rate in comparison to any other deposit schemes. Daily deposit scheme is the scheme in which you can deposit a fixed amount of money daily. Daily deposit schemes returns very low interest rate but it is beneficial for middle class o poor people where you can deposit 10, 20 rupees or whatever you want and got the big amount after some year.
Lokhit bharti also provide the various loans. The loans provided by the lokhit bharti are vehicle loan, personal loan, home loan, loan against fd, gold loan, Crop loan and education loan. Lokhit bharti provide the vehicle loan and it approved it within 48 hours without any guarantee. All have the dream of their own home. Lokhit bharti also helps them to their dream comes true. It approves the home loan within 4 days. If you have the instant requirement of the money, then it also provides the loan on your gold ornaments and jewelries that is gold loan. Also if you have a fixed deposit account and you need the money then it provides the loan against your fd without breaking the fixed deposit account.
Lokhit Bharti