Adarsh Co-operative Credit Society - Cashless Dream Now a Reality!

“We will only succeed in bringing a Change, when we will Ourselves Change”, said PM Narendra Modi. India needs to bring a change, in everything. With RBI’s current statement stating the progress of opening the Unified Payments Interface (UPI) platform as a part of government’s digitization program, Indians can now relieve themselves from traditional banking methods and cash transactions. As of the date, no guidelines regarding the interoperability are issued by RBI, but have informed the citizens that the issue will be soon made public. With services, such as Interoperability and Know Your Customer (KYC), customers will now get access to direct transactions through digital payments wallets.
          This has been considered by Mukesh Modi’s Adarsh Co-operative Credit Society, who has already joined hands with the online payment wallet- Oxigen wallets, through its own online payment bank - Adarsh Money, making it more easy for the customers. With transactions that will play around through online wallets, cashless dream is near to become a reality for India.  Adarsh Money already has a tie up with Oxygen digital wallet and is powered by strong technology and innovation which will bring more people to the digital system and help promotion of digitisation in India. It is indeed a right step towards cashless economy.         
          Adarsh Co-operative Credit Society ltd has played an important role in connecting rural India to financial banking services through its mobile banking application “Adarsh Money”. This application has made it possible for the rural population to engage in online payment methods, instead of cash deliveries and has also lowered the cost through improving transparency in transactions. This application will also enable looking after the Adarsh Credit Co-Operative Society Ltd complaints. The Application has extended scope for Adarsh Credit Co-Operative Society Ltd to review over the complaints and suggest a remedy over the transaction or credit problems that are faced by the customers.  Such a development clears out the rumours relating to Adarsh Credit Co-Operative Society’s involvement in scandals and revives a trust in its customers who have kept faith in truth and who remained loyal.

Adarsh Money has been a revolutionary step by Adarsh Co-operative Credit Society, because it has changed the national viewpoint to look at Mobile banking or Online transactions. By availing this application throughout nation, Adarsh has erased the distance for the rural population to walk to a Bank and carry their transaction. With Adarsh Money, it has become an easy task to handle bank statements and accounts, in one click.  Adarsh Money provides variety of services in one hand such as money transfer, NEFT/RTGS to any bank account in India, mobile recharges, and digital transactions. Adarsh Credit Co-operative Society has a base of 1.7 million members and this kind of transition in technology has been used by the first and only co-operative society in India. Adarsh Money has been proved vital for its task accomplishment process, that cuts out the necessity of walking to a bank to carry out a certain financial task. With growing users for Adarsh Money, we can say that India’s dream for a Cashless economy is becoming a reality!