1. What is the Cooperative Society?
A cooperative society is an organization of people who have voluntarily come together for the purpose of solving their social economic problems through self-help initiatives, mutual support and investment ventures aimed is equally benefiting the all members and their communities. Society is not a personal institution owned by an individual, but is a fully autonomous organization managed by a Board Of Directors who are elected by the members of the society and the Board Of Directors also take decisions in a combined manner with total transparency.

2. What is Bhawani Credit Co-Operative Society Limited?
The Bhawani Credit Co-Operative Society is a Co-Operative Society registered under “Rajasthan Co-Operative Societies Act 2001”, under section 6 regulated by the Rajasthan Government of India with its Registration No. “2507 Y”. BCCS Ltd. follows all existing parameters of fund sufficiency those formed by Government of India.

3. How does the society utilize the funds/deposits procured by it?
The Society uses the funds of lending to the members and investment as per the Co-Operative Society Act/Rules/bylaws. BCCS Ltd. is in the shape of small loans for business and micro finance.

4. Are the deposits with the society safe and secured?
Yes, Because Government of India has farmed the law/rules to ensure the security and safety of members deposits and Bhawani Credit Cooperative Society Limited, strictly abide by the rules and regulations under Rajasthan Cooperative Societies Act 2003 under section 61.

5. What are the benefits available to the Depositors?
We believe in inculcating the saving habits amongst members. We are committed to ensure the financial upliftment of our members. BCCS Limited offer a higher rate of interest to the depositors on short term, mid term and long term plans.

6. Who can invest with Bhawani Credit Cooperative Society Limited?
All the investors/depositors who are keen to get better returns or interest on their deposits in short terms, medium terms, and long terms. So all of you are welcome.

7. Who can become members of a Bhawani Credit Cooperative Society Limited?
Generally an individual competent to contract, attained majority and is of sound mind and belongs to a class of persons, if any, for whom the society is formed as per its bylaws.

8. Who is Defaulter?
Any member who fails to pay off his liabilities as specified in the bylaws or as decided by the Managing Committee of the Society is a defaulter.

9. For what purpose can member avail of loan against property?
Member can avail loan against property, against residential and commercial property for either your personal or business activities other than speculative or non prohibitive activities.

10. How will BCCS Limited decide the loan amount eligible for members?
BCCS Limited will decide the amount based on member repayment capacity. Repayment capacity takes into consideration factors such as net income, age, number of dependents, assets, liabilities, stability and continuity of occupation and savings history. However, the eligibility of the loan shall not exceed 70-80%of the cost of property.

11. For what purpose BCCS Members can avail loan against property?
BCCS Member can avail loan against the property against residential and commercial property for either your personal or business activities other than speculative or non prohibitive activities.

12. What are the different Loan categories under BCCS limited Loan Schemes?

The main four types of loans available to BCCS Limited members.

• Two Wheeler Loan (Bike, Motor Cycle, Scooter etc.)
• Four Wheeler Loan
• Home Loan
• Mortgage Loan on agricultural property.

13. What is the tenure of the two wheeler loans?
Member can repay loan over a maximum period of 2 years. Repayment will be no ordinarily beyond the age of retirement (if you are employed) or on your reaching 60 years of the age.

14. What is the tenure of the Four Wheeler loans?
Member can repay loan over a maximum period of 3 years. Repayment will not ordinarily beyond the age of retirement (if you are employed) or on your reaching 60 years of the age.

15. What is the tenure of the Home loans?
Member can repay loan over a maximum period of 10 years. Repayment will not ordinarily beyond the age of retirement (if you are employed) or on your reaching 60 years of the age.

16. What is the tenure of the Mortgage loans on agricultural property?
Member can repay Mortgage loan over a maximum period of 10 years. Repayment will not ordinarily beyond the age of retirement (if you are employed) or on your reaching 60 years of the age.

17. Are the BCCS Limited policies subject to change?
Yes. These BCCS Limited policies will be reviewed periodically every financial year.

18. What is the minimum and maximum amount for which a Deposit can be made with BCCS Limited?
The minimum amount is Rs. 100/- and the maximum amount under Deposit is Rs. 99,99,999/-.

19. If I have an existing Member ID, do I need to go through the procedure and formalities of membership again for open any account?
No, You need not go through any formalities. You just have to provide the Member ID, type of deposit and cash / cheque and we will take care the rest, so members can easily open their account.

20. Are my original property documents safe with BCCS Limited?
BCCS Limited offers in house scrutiny of original property documents for your complete peace of mind. So be assured that your property documents are in safe hand.