Cooperative Society Software Video for Plan Management
- What are deposit schemes or plan management in Credit co-operative society?
- What all various deposit schemes SNS Credit co-operative society software supports?
- What all various general deposit schemes any Credit co-operative society should have?
- When any Credit co-operative society start, society admin creates deposit schemes as per society rules and regulation. It is mandatory to create and have well defined deposit schemes for members.
- When anyone joins society, society explains each deposit scheme and then member select as per its need and future plan.
- SNS Credit co-operative society software supports following deposit schemes:
- Regular Installment Plan: In this plan member deposit some fix amount periodically (every month, quarterly, half yearly etc.). This plan also known as Recurring deposit (RD).
- Fixed Deposit: In this plan member deposit some amount one time for a certain period. Once that period finish member get back deposit amount with interest.
- Daily Deposit Scheme: In this plan member deposit some amount every day.
- Pension Plan: In this plan once member deposit amount after that there will be some silent period (5year, 6 year etc). Silent period means no activity, no transaction. Once silent period elapses then member gets pension (some principal plus interest).
- Bond: It’s a special kind of deposit scheme in which deposit amount get double after certain number of years as per society rules.
- Saving: Its same plan as various bank provides. In this plan member can do any deposit or withdrawal as per its need. It works similar as it works in any bank saving a/c.
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This video provides a detailed explanation of the Plan Management Module in SNS Credit Co-operative Society Software. It showcases how societies can create, manage, and monitor deposit schemes for their members with ease and accuracy.
Managing Deposit Schemes Made Simple
What is Plan Management in a Credit Co-operative Society?
Deposit schemes form the backbone of any credit co-operative society. They not only help members save and grow their money but also strengthen the financial foundation of the society. When a society begins its operations, the admin must create well-defined deposit schemes based on its rules and regulations. Members are then introduced to these schemes and can choose one depending on their financial goals and future plans.
Our software supports a wide range of schemes to meet different member needs, including
Deposit Schemes Supported by SNS Credit Co-operative Society Software
Regular Installment Plan (Recurring Deposit – RD)
Members deposit a fixed amount periodically—monthly, quarterly, or half-yearly.
Fixed Deposit (FD)
A one-time deposit for a fixed period, with the principal and interest returned at maturity.
Daily Deposit Scheme
Members deposit a small amount daily, helping them build consistent savings.
Pension Plan
After a silent period (5–6 years with no activity), members start receiving pension payouts, combining principal and interest.
Bond Scheme
A special plan where the deposit amount doubles after a certain number of years, as per society rules.
Savings Account
Functions like a bank savings account, allowing members to deposit or withdraw money as needed.
With structured deposit schemes, societies can ensure financial discipline and offer attractive saving opportunities for members. The SNS software makes managing these plans seamless, transparent, and fully compliant with society policies.
Watch the Plan Management Video Now to see how SNS Credit Co-operative Society Software simplifies deposit scheme handling for your society.