Members, deposits, loans and the audit trail
Core banking for credit cooperative societies — member and share records, savings, recurring and fixed deposits, daily pigmy collection, loans and recovery, with the day book, interest posting and statutory reports a Patsantha has to produce.
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The work does not end
when the counter closes
These are the three places a society's day, and its year, usually goes wrong.
that runs into the evening
Counter entries, pigmy remittances and branch cash reconciled by hand before anyone can close for the day.
interest calculation
Interest worked out per account at period end, where a single error is discovered months later by an auditor.
as an annual scramble
Statutory reports assembled from registers at the last minute, rather than produced from the books as they stand.
Configured for how your society runs
Nagari Sahakari
Urban credit societies serving members across a town or city, often across several branches.
Sevak / employee
Societies formed within an institution, where salary deduction drives most collection.
Mahila Patsanstha
Women's cooperative societies, typically with heavy daily collection and small-ticket lending.
Multi-branch
Several branches under one society, each with its own cash position and consolidated reporting.
Separation of duties, enforced by the system
A cashier posts but does not sanction; an agent enters collections but cannot alter a ledger. In a society where the auditor's question is always "who did this", the answer should be in the record rather than in someone's memory.
- Board / ChairmanSociety-wide position, lending exposure and the reports that go to the AGM.
- ManagerTheir branch — accounts, sanctions, recovery and daily cash.
- CashierCounter transactions, receipts, payments and day-end balancing.
- Collection agentTheir own pigmy round, collections entered and remitted.
- AccountantLedgers, interest posting, period close and audit preparation.
- MemberTheir own deposits, loan position and passbook entries.
Members to ledger, on one set of books
Every counter entry, pigmy remittance and loan instalment posts to the same day book — so the close is a check rather than a reconstruction.
Members & shares
- Member registration with KYC and nominee records
- Share capital, transfers and dividend calculation
- Passbook printing for members
- Member-wise position across every account held
Deposits
- Savings accounts with automatic interest posting
- Recurring deposits with instalment tracking
- Fixed deposits with maturity and renewal handling
- Daily pigmy collection with agent-wise accounting
Loans & recovery
- Loan applications through to sanction and disbursement
- EMI schedules with recovery tracking
- Loans against deposits, gold and property
- Overdue ageing and NPA classification
Accounts & compliance
- Day book, cash book and general ledger
- Automatic interest calculation and period-end posting
- Branch-wise cash position and consolidation
- Statutory and audit reports for the Registrar
See it against your own books
Tell us your branches, deposit schemes and loan products. We'll configure a demo on your own structure so the board and the auditor can judge it properly.
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