About Us
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Being salary earner society has been formed in name “The Mumbai Sales Tax Staff Co-op Credit Society Ltd.” in the year 1964 under co-operative Act for the purpose of fulfillment of financial requirement of the society’s member.
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The name of the Credit Society has been changed on 01-01-2018 as a “Goods & Services Tax Staff Co-op Credit Society Ltd.”
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The Object of Credit Society are disbursement of personal loan & Accepting deposit from members.
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Society has been given nominal membership to retired members of the society for keep their own deposit in society.
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The credit society has own rest house in Palm Village, Murbad for the welfare of members and Nominal members.
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The credit society has been awarded by various District Banks and Federations for well administration implementation of various beneficial schemes for members & fully computerization etc.
The Financial parameters of the Society as on 31st March 2025 with details
information is as under...
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Description
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(Figures in Lacs)
|
|
Head Office
|
One ( Main )
|
|
|
Branch
|
Two
|
|
|
Regular Membership
|
Regular
|
4312 |
|
Nominal Membership
|
Nominal
|
3021 |
|
Paid –Up Share Capital
|
|
304.35 |
|
Statutory and Other Funds
|
|
5868.62 |
|
Deposits
|
Subscription
|
3852.60 |
|
|
Fixed Deposit
|
11981.18 |
|
|
Recurring
|
103.61 |
|
|
Bhavishya Sahaya Nidhi
|
2188.16 |
|
Loans and Advances
|
Secured
|
21434.58 |
|
|
Unsecured
|
0.00
|
|
Borrowing
|
M D C Bank
|
0 |
|
Investment
|
M D C Bank
|
2642.37 |
|
Overdues %
|
|
0.60 |
|
N.P.A % ( Percentage ) Gross
|
|
1.24
|
|
N.P.A % (Percentage ) Net
|
|
0.021
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Audit Class
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“A”
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Net Profit
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|
540.87 |
