Answere :To Promote economic and social upliftment of the members through thrift, self-help and mutual aid in accordance with principles of co-operation and welfare. To provide financial and other services to the members at nominal service charges, and fees shall be charged to cover the cost of operations of the Society. ie., by way of small fee as interest, processing charges, etc., shall be levied on such loans and advances to members. Undertakes such activities with a view to develop education, skills, social and moral status of the member.

Answere :A Bank will be commercial in nature and can serve general Public by extending all types of Banking services, whereas a Society can extend its Banking and other related services to the members of that Society only for the mutual benefit of the society and its member/members.

Answere :Any person above 18 years of age who abide the bylaws of the society shall be admitted as the member. Other exceptions are: - A person who a) is adjudged by a court as insolvent or is an un-discharged insolvent. b) Has been sentenced for any offence involving moral turpitude c) Is carrying on money lending or chit fund business d) Is a member of any other society providing similar services e) Is an employee of the society

Answere :FREEDOM MAC CREDITED SOCIETY LTD is housed in Plot No:47, Ushodaya Colony-1, 1st floor (above TGB) beside UMCC Hospital, GAJULARAMARAM, QUTHBULLPUR MANDAL - 500055.

Answere :Beside UMCC Hospital and in the same building of TELANGANA GRAMEENA BANK.

Answere :Business hours 09.30 am to 04.00pm.

Answere :Society will function on all days in a week except on Tuesdays. Sunday is also working day.

Answere :Our Society renders Door Step Banking to needy Senior Citizens and proving FIXED DEPOSIT SCHEMES with 1 (one) percent extra interest over and above the interest rate offered to others.

Answere :In line with the Government’s motto of WOMEN TO GET PRIORITY, We offer special Interest rates on Fixed deposit schemes and other services to women also, which are being extended to Senior Citizens. As Our DEFENCE PERSONEL (either in service or retired) have also served and servicing our Country’s interests, they are also being offered with Special interest rates on Deposits.

Answere :We have FREEDOM SAVINGS DEPOSIT ACCOUNT to inculcate thrift among members, “FREEDOM REGULAR INCOME" (MIS) SCHEME has been designed for assured monthly income. We also designed "FREEDOM GROWTH DEPOST" (STDR) for receipt of lumpsum amount on maturity period to meet children higher education, marriage and other expenditure. We have also designed our “FREEDOM DAILY DEPOSIT SCHEME” to facilitate street vendors, Auto Rikshaw drivers, daily wagers to improve their thrift habit and receive huge amount on maturity.

Answere :The Society uses the funds in lending to the members and investments as per the Co-operative society Act/Rules/By-Laws. Society's lending is in the shape of loans for business or personal use. To achieve the stated objective of economic growth of members with mutual co-operation, the society shall raise / mobilize resources / funds from the members through various types of deposit products so as to deploy the funds to the needy members. Therefore, various deposit products will be offered to the members with attractive terms. This will ensure channelizing surplus funds to the needy members.

Answere :Government of India has framed the laws/rules to ensure the security and safety of deposits and Credit Cooperative Society strictly abides by the rules and regulations framed by Central / State Government under the Central/ State Co-Operative Societies Acts.

Answere :FOR 1.00 LAKH DEPOSIT, MEMBER CAN RECEIVE MONTHLY RS.826 FOR 36 MONTHS AND ABOVE PERIOD (SENIOR CITIZENS, WOMEN AND DEFERENCE PERSONS). DEPOSIT CAN BE FOR 12,24,36,48,60,72 AND 84 MONTHS.

Answere :DOUBLE Money Deposit scheme of the Society ie, FREEDOM REGULAR GROWTH is a Term Deposit wherein depositor gets double of his/her deposit amount in a specific time period. Invest Rs.1 lakh & within 84 months you will get up to Rs.1,99,549 (APPROXIMATELY 2.00Lakh)

Answere :To meet the urgent domestic financial needs of the members, we offer FREEDOM GOLD, Gold loan and FREEDOM DOST (Personal Loan) within 2 hours. We also provide mortgage loans by FREEDOM SECURE loan to members. Apart from these, we also provide CAR & Vehicle loans for privileged customers at affordable service rates. OUR Society offers peoples friendly loan products such as A) FREEDOM GOLD LOAN B) FREEDOM DOST (PERSONAL LOAN) C) FREEDOM SECURE (MORTGAGE LOAN) D) FREEDOM CAR LOAN E) FREEDOM RENT PLUS LOAN (AGAINST RENTAL INCOME OF COMMERCIAL SPACES)

Answere :Our FREEDOM DOST (PERSONAL LOAN) SCHEME is provided to salaried class members, whether Government or Private sector based on their take home pay and assured income to meet the repayment obligations, to meet their urgent domestic financial needs.

Answere :Our FREEDOM DAILY DEPOSIT Scheme is very convenient to small vendors, daily wage earners and business people, and our Deposit Scheme fetch higher interest income if it is compared to other Society’s deposit schemes. If our member requires daily collection of this deposit amount at door step, we are arranging for it.

Answere :A committee of Core Directors and CEO of the Society is formed to redress such complaints , if it is not resolved by operations team of the Society.

Answere :Prescribed application form is to be filled up and KYC documents and 4 latest photographs are required. Each member will have to remit Rs.1,100 out of which 5 shares each of Rs.100/- will be allotted, Rs.500/- will be kept in the SB account of the member and Rs.100/- will be for membership admission fee. (Toral Rs.500 +500+100=1100/-)

Answere :The member will have to apply for cancellation of membership and on surrender of Share Certificate, the contributed Share Capital money (Rs.500) as well as balance outstanding in the SB and in any other Deposit scheme shall be refunded. At the time of closing of membership, all outstanding (if any) in the loans availed by the member and other dues to the Society shall be recovered.

Answere :Society has a loan product of “Freedom Secure Loan’’ to take care of these type of needs of members

Answere :Society has drawn a product “Freedom Dost (Personal Loan)” up to Rs. 2.00 lakhs for salaried class of members.