Swaroopanand Credit Institution’s deposits crossed the mark of 325 crores

The deposits of Swami Swaroopanand Credit Union have crossed the mark of 325 crores. The reason behind this huge deposit collection is the trust of the depositors. Looking at the excellent financial condition maintained by the organization, the organization has recorded a consistent increase in its financial condition for the last 20 years. Continuity is of the utmost importance in economics and Swaroopananda maintained this continuity for a long time. In the year 2000, the deposits of the institution were only 2 crore 68 lakhs. Deposits in the year 2005 were Rs. 6 crores reached up to 34 lakhs. Whereas in 2010 the deposits were Rs. 22 crores 72 lakhs. In 2015, the deposits were Rs. reached the level of 95 crores and 95 lakhs. In the year 2020, deposits of Rs. 201 crore crossed. Whereas in September 2024, deposits crossed the mark of 325 crores. The institution has benefited from consistent response from depositors. Deposit accounts which were 27,690 in 2015, crossed 50,700 in 2024. This increase in deposits and deposit accounts is significant. The experience of large number of investors preferring to invest in a credit institution underlines the credibility of the credit institution. Swami Swaroopanand Credit Union announced moderately attractive interest rates. Never tried to lure depositors wrongly by giving out of bounds interest rates. On the contrary, due to the security of depositors’ deposits, proper planning, proper investment, careful recovery mechanism and careful loan provision, good customer service and consistent profit obtained in a proper manner and adequate provisions created by it, the investors feel the safety cover. Swami Swaroopanand’s own funds are 47 crores 87 lakhs and the investments made in the appropriate banks of the organization are 146 crores, loan supply of 226 crores and loan recovery of 99.32% at the end of September 2024, 61% CD. Ratio, 28% Capital Adequacy Ratio all these statistics show good strong financial position of Swaroopananda Credit Institution. The goal is to reach 500 crore deposits in the next one and a half years. Swaroopanand Credit Union will try to achieve this goal with the best cooperation of depositors. Such detailed information in the background of the ‘Dussehra Diwali Deposit Scheme’, the president of the organization Adv. Given by Deepak Patwardhan.