Anil Auidich
Dear Sir
A few questions
1. Is there deposit safe in co-operative society?
2. If co-operative society loses its licence for business , will depositor get their deposit ?
3. Any co-operative society will exist without deposit insurance?
4. Is co-operative society pay insurance premium of deposit ,if co-operative society have not paid insurance premium and co-operative society looses business licence so Depositor will get their deposit ?
5. If Depositor will get their deposit after society loose its licence for business, when depositor get deposit ? Is depositor get deposit before maturity of deposit ?
I C Naik
DO NOT PLACE FIXED DEPOSIT IN COOPERATIVE SOCIETY, AS THERE IS NO INSURANCE LIKE CO-OP BANK WHEREIN A DEPOSIT UP TO RS 1 LAC IS INSURED.