Membership
How do I become a member?
Fill in the membership form and submit it at your nearest branch with the required documents. You become a member once it is approved at the next board of directors meeting.
Which documents are needed for membership?
Photo, Aadhaar card, PAN card and address proof (for example an electricity bill or rent agreement).
Can I cancel my membership?
Yes. Submit the membership resignation form and clear all dues. Membership ends after the board of directors approves it.
Deposits
Are my deposits safe?
The society works under all government and co-operative rules. 95% of its loans are given against security, and all dealings are transparent.
What is the minimum amount to open an account?
A savings account can be opened from ₹500. For other schemes, the amount depends on the scheme.
What is a daily deposit?
You give a fixed amount every day to the society's deposit agent. After the set period, you get the whole amount back with interest.
What is the minimum daily deposit?
Usually from ₹50 a day. You can choose a higher amount as you like.
Do senior citizens get extra interest?
Yes. Senior citizens, disabled persons, widows, ex-servicemen and housing societies get 0.50% extra on fixed deposits and monthly income deposits of 1 year or more.
Loans
What types of loans are available?
Personal loan, home loan, business loan, property mortgage loan, vehicle loan, loan against LIC / KVP / NSC and gold loan.
How do I apply for a loan?
First become a member. Then submit the loan application with the required documents at the branch, and meet the society's officers for approval.
Do I need a guarantor for a personal loan?
Yes, a guarantor is required for a personal loan. This loan is available up to ₹1 lakh for up to 60 months.
Is there a charge for repaying a loan early?
There is no charge for repaying a personal loan or a property mortgage loan early.
General
What are the interest rates on deposits and loans?
Rates are set according to market conditions. See the current rates on the ‘Interest rates’ page of this website.
How do I contact customer service?
Use the contact form on this website, email or phone. Our staff will get back to you quickly.
How will I know about new schemes or offers?
We share new schemes through our website, social media pages, the branch WhatsApp number, or at the branch.
What are the branch timings?
Monday to Saturday, 10 am to 6 pm. Closed on the 2nd and 4th Saturdays and all Sundays.
How can I see my passbook on my phone?
Download the ‘Parijat MPassbook’ app from the Google Play Store and register with your Client ID. For help, contact your nearest branch.