Branch Name: Khidmat – Sangareddy
A Mutually Aided Cooperative Credit Society
(Registration No. AMC/MDK/DCO/2011/1904)
Mutually Aided Co-Operative Credit Society Ltd.
# 5-2-42/1, Jalal Bag, Sangareddy,
Dist. Medak, Telangana – 502 001.
Contact Person: Naeem uddin BMC President: 09908743966
Types of accounts:
- Daily deposits: Under this account member can save their money through daily deposits. A person appointed by the branch shall collect the amount at member doorstep.
- Saving account: Under this account member can save money through saving account.
- Term deposits: Member who want to serve there fellow members can deposit their amount for a period in multiple of six months.
Type of Loan:
- Demand loan: Member can take loan for the non-business activities by keeping gold as guarantee.
- A nominal service charges will be collected from the loanies.
- Murabaha (cost plus loan): Under this scheme, Bank will provide the business commodities as per the requirement of the applicant to an extent of 50,000(including a margin of profit) and collect the amount in easy installments.