Membership & Accounts
Complete the member application form in person at the branch with identity and address proof, and buy five shares of Rs. 100 each. Approval usually follows within a week.
Shares are transferred to any eligible member, or refunded after you settle all dues. There is no transfer fee and the entire nominal value is returned.
Yes. The Child Savings account may be opened in the name of a minor and operated by a parent or guardian until the child turns 18.
Regular savings earn up to 6.5% p.a. on daily balances, credited quarterly. There are no charges for deposits or withdrawals under the monthly limit.
Deposits & Rates
Rates are set by the board and reviewed every quarter, within the ceilings prescribed by the cooperative regulator. They are published here and at the branch.
Deposits auto-renew at maturity at the then-prevailing rate, unless you instruct otherwise at least seven days before the date of maturity.
The Recurring Deposit accepts monthly instalments from Rs. 1,000 with easy nameless or standing-instruction payment from your savings account.
Premature withdrawal is allowed after three months. Interest is then paid at the corresponding one-year rate, reduced by 0.5%.
Loans
That depends on the product and your repayment capacity — from Rs. 10,000 on a small personal loan up to Rs. 50 lakh on a home or business loan.
Most loans are approved within 3–5 working days of a complete application. Emergency loans are processed within 48 hours, often the same day.
Identity and address proof, plus income proof (salary slips or ITR) for most loans. Specific checklists are on each loan page and in the application forms.
Yes. Prepayment is free after 12–36 months depending on the product — see the individual loan page for its policy.
Two reminders are sent before any report is made. Contact the branch immediately to restructure the EMI — early communication avoids penal charges and keeps records clean.
General
Deposits are held prudently in approved securities and are covered by the state cooperative deposit insurance scheme up to the declared limit.
Fill the KYC update form at the branch (or download it from Reports & Downloads) and submit it with the supporting document — we update the record the same day.
Email info@manipurcoop.in, call +91 385 244 5566, or visit the branch. Complaints are acknowledged within 48 hours and resolved by the grievance officer within 21 days.
Still have a question?
Write to us at info@manipurcoop.in, call +91 385 244 5566, or visit the branch — we reply to every query.