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Co-operative credit society & Bank

5+ years of experience, 20+ satisfied CAS since 2010

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Co-operative credit society & Bank

Co-operative credit societies have been established keeping in view fulfilling the needs of the people of the area where the physical bank branch is absent. Even if the banks are there, the presence is too meager. These setups are basically an approach to make the local inmates familiar with the banking system. Various types of loan disbursements take place under the supervision of local government.

Why INFOCAS?
  • To maintain the membership details
  • To maintain the loan criteria and the loan details from loan application, loan approval, and loan disbursement
  • To manage the loan repayment and the receipt
  • Ledgers managing loan / share / thrift fund / guarantee fund
  • Periodic statement of the members
  • To maintain the ledger and its related details
  • To manage voucher related to (receipt / payment / contra / journal)
  • To maintain the cash & bank book
  • To manage the general ledger
  • To manage the day book
  • To manage the Bank Reconciliation
  • To generate the Trial Balance
  • To generate the Balance Sheet
  • To execute the Fiscal Year End Closure
Salient Features:
a. Master Module:

All definitions are done through this module. The following details are provided below in which the definitions are to be made:

Co-operative Master:

Definition of deposit in various funds and interest, minimum and maximum share and its value, membership fees, FD & RD interest

General Member Application:

Members profile details with contact info, nominee and fund related details and the documents submitted

Loan Master :

Definition of types of loan, eligibility criteria of loan for the member and the corresponding interest on loan , and the number of installment

Bank Master:

Bank details with whom the co-operative has the relation – it’s address & contact details, the accounts balance

Security Master:

Types of securities those are to be provided by the member for taking the loan

Additional Share Purchase:

Additional shares purchase by the members

Thrift Fund Payment:

Payment by the cooperative to all or individual member

Department Master:

Creation of new department with a tag number

Designation Master:

Creation of new designation with a tag number

b. Loan Module:

Loan Application:

Information captured - Personal profile details, Loan details, Previous loan details, Security details, and Documents received

Loan Details:

Display of loans taken by the members depending upon the loan types (short-term, long-term, medium-term) and also depending upon the loan applied, loan approved and loan disapproved

Loan Payment Receive:

View payment details (installment details), also to view the loan recovered, and the loan to be paid

Full Loan Recovery:

For members who wants to repay the loan in full. Here the principal and the interest are to be provided along with the payment mode

Reports:

Details of loan according to the fiscal year and report on the monthly due list

c. Demand Registered Module: Display of demand according to the followings:
  • Department-wise demand list
  • Month-wise demand list
d. Ledger Module:

Display of individual ledger showing loan / share/ thrift / guarantee

e. Settlement Module:
  • Member Settlement: Here the member can avail the settlement - balance payable and balance receivable are shown for the settlement. Here RD withdrawn, FD withdrawn, Loan Repay has to be done before settle can be made.
  • Settlement Register: Here the existing settlement records are shown
f. Reports Module:
  • Dividend (yearly / monthly)
  • Various Scheme
  • FD (Deposit & Maturity Date)
  • Loan (Details)
g. Savings Module:
  • New RD Creation: Interface to create new RD with maturity amount and date
  • RD Receipt: Displays RD instalment status
  • RD Withdrawal: Interface to show the normal or pre-mature RD withdrawn calculation
  • RD Ledger: Display all the RD ledger details according to the deposit or maturity date
  • New FD Creation: Interface to create new FD account for the member where it will show calculation along with maturity amount and date
  • FD Withdrawal: Interface to show the normal or pre-mature FD withdrawn calculation
  • FD Ledger: Display all the FD ledger details according to the deposit or maturity date
Accounts Info Module:
  • Group Head Creation
  • Ledger Head Creation
  • Voucher Entry
  • Voucher Print
  • General Ledger
  • Cash Book
  • Bank Book
  • Cash Account
  • Profit & Loss A/c
  • Trial Balance
  • Balance Sheet
  • Fiscal Year Closure

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