Pride credit co operative society

  1. What is a Savings account?


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Lokmanya

Welcome to Lokmanya With a rich legacy of 27+ years, Lokmanya Multipurpose Cooperative Society Limited is an organisation based at Belgaum, Karnataka, that empowers people through financial services and other offerings. Lokmanya is a multistate, multipurpose cooperative society, with 213 branches in 4 states of Karnataka, Maharashtra, Goa & Delhi. Lokmanya offers diverse financial products for investment, ranging from fixed deposit, recurring deposit, pigmy deposit, insurance & more. It also has tie-ups with all leading companies for life, general & health insurance. • • (Former Chief Minister of Goa) In Gomantak, there are a large number of banks and credit societies. In today's age of competition, Lokmanya Society has expanded its reach in Goa. It is especially useful for women in rural areas as Lokmanya society employs a large number of women from the rural areas. • • (CEO - Patanjali Ayurveda, Haridwar) I am extremely happy to receive the Lokmanya Matrubhumi Puraskar for the year 2023. I am thankful to Shri Kiran Thakur and Lokmanya pariwar for honouring me and Patanjali yogpeeth. Lokmanya society ‘s contribution in improving the society is commendable and praiseworthy. • • (Founder - Patanjali Yogapeeth) Under the dynamic leadership of Shri Kiran Thakur Mamaji , Lokmanya Multipurpose co op society is doing tremendous work. Their contribution in Nation building is phenomenal. Mamaji is in true sense mamaji for uplifting the lifestyle of people by helping them generousl...

What is a Savings account?

What is a Savings account? Let’s see briefly. A savings account is a deposit account designed to hold money. Allowing you to write a check, or make purchases and ATM withdrawals. A savings account is the most basic bank account available. It is an account that allows your finances. The funds are available to be withdrawn at any time. Features of Savings Account: • A savings account comes with a passbook and cheque book feature. • You can receive payments and make payments from your savings accounts. • Auto debits and auto credits can be set up from your savings accounts. • Savings bank account holders can access internet banking and mobile banking for their needs. • Banks offer ATM cum debit cards to savings bank account holders. • A savings bank account earns low interest rate but allows the customer the freedom to withdraw funds at any time subject to a limit on monthly withdrawals. • It is possible to pay bills from your savings account • Banks also send transaction alerts to their customers via SMS and email as a part of SMS banking services. What are the Benefits of a Savings Account? While a savings account has a lot of utility, it earns interest at 3.5% to 6% per annum. Here are some of the benefits of having a savings account: Liquidity One of the benefits of opening a savings account is that it offers you liquidity. Safety of Funds A savings bank account is a safe avenue to keep your funds rather than keeping it on hand where it is susceptible to get lost or stole...