THE INTERNATIONAL CO-OPERATIVE ALLIANCE STATEMENT ON THE CO-OPERATIVE IDENTITY

INITION

A Co-operative is an autonomous association of persons united voluntarily to meet their common economic, social and cultural needs and aspirations through a jointly-owned and democratically controlled enterprise.
VALUES

Co-operatives are based on the values of self-help, self-responsibility, democracy, equality and solidarity. In the tradition of their founders, co-operative members believe in the ethical values of honesty, openness, social responsibility and helpful for others.

PRINCIPLES
he Co-operative principles are guidelines by which co-operatives put their values into practice.
(1)Principle of Vol n!"r# "n$ open Me%&er'(ip

Co-operatives are voluntary organi!ations, open to all persons able to use their services and willing to accept the responsibilities of membership, without gender, social, racial, political or religious discrimination. ())Principle of De%ocr"!ic Me%&er Con!rol Co-operatives are democratic organi!ations controlled by their members, who actively participate in setting their policies and ma"ing decisions, men and women serving as elected responsibilities are accountable to the membership. In primary cooperatives members have equal voting rights #one member one vote$ and co-operatives at other levels are also organi!ed in a democratic manner.

(*)Principle of Me%&er Econo%ic p"r!icip"!ion %embers contribute equitably to, and democratically control the capital of their co-operative. At least part of that capital is usually the common property of the cooperative. %embers usually receive limited compensation, if any, on capital subscribed as condition of membership. %embers allocate surpluses for any of the following
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purposes' developing their co-operative, possibly by setting up reserves, part of which at least would be indivisible, benefiting members in proportion to their transactions with the Co-operative, and supporting other activities approved by the membership. (+)Principle of A !ono%# "n$ In$epen$ence Co-operatives are autonomous, self-help organi!ations controlled by their members. If they enter into agreements with other organi!ations, including governments or raise capital from e(ternal sources they do so on terms that ensure democratic control by their members and maintain their co-operative autonomy. (,-) Principle of E$ c"!ion. Tr"inin/ "n$ Infor%"!ion Co-operatives provide education and training for their members, elected representatives, %anagers and employees so that, they can contribute effectively to the development of their co-operatives. hey inform the general public-particularly young people and opinion leaders-about the nature and benefit of Co-operation. (0) Principle of Co-oper"!ion "%on/ Co-oper"!i1e' Co-operatives serve their members most effectively and strengthen the co regional and operative movement by wor"ing together through local, national, international structures.

2) Principle of Concern for Co%% ni!# Co-operatives wor" for the sustainable development of their communities through policies approved by the members.
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CO-OPERATIVE FLAGE
he International Co-operative Alliance has in 1*&+ adopted the beautiful sevencoloured pattern of the ,ainbow hori!ontal strips as its International -lag, the -lag of co-operation, progress and peace. he -lag has seven colours. hey are .iolet, Indigo, /lue, 0reen, 1ellow, 2range and ,ed-the colours of the ,ainbow.

3,ainbow is regarded as an auspicious omen, -armers see the ,ainbow and 4tart ploughing their fields, hey read in it the message about rains to come, It is thus a symbol of hope, a harbinger of peace.5 %en see Co-operation in its multi-colored pattern, each coloured blending with the other to ma"e one harmonious whole and ultimately all pervading harmony unity in 6iversity. he seven hues of the ,ainbow when blended together reunite to present pure unstained white effulgence. hus it stands for purity, truth and righteousness. It symboli!es the aims and ideals of the Co-operative %ovement. 7i"e the ,ainbow, Co-operation brings hope to the depressed, achieves harmony among diverse interests and offers the promise of an ultimate and universal peace. Co-operators by their own effort, inspired by a sense of fraternity, equity and love of the social justice, strive to remedy the past and create a new economic system-a system in which capital plays the role of servant instead of master, the object of production is organi!ed self-help instead of profit and human dignity is given the pride
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of place for achieving a more equitable and efficient economy, better social adjustment and a more balanced system of democracy.

GENERAL INFORMATION
1- HISTORY AND DEVELOPMENT he .arachha Co-operative /an" was established with license no. /6 0uj 11+) 9 6t. 1:;:*+. ,egister no. 4A &*18 6t. &;:1:*+. he register office of the ban" is at Affil ower, 7ambe <anuman ,oad, 4urat-=. >ithin the period of four months, after obtaining license the ban" has started its wor"ing on date 1=:1?:*+. he opening of the ban" was done by 4wami 4achidanand. he .arachha Co-operative /an" was having fifteen directors during its initial stage. he .arachha Co-operative /an" which is fully computeri!ed and which was started from 1=th 2ctober, 1**+ has made a giant leap in the /an"ing sector just in a short term of = years. he @amrej /ranch, ,ing ,oad /ranch, @adodara /ranch, he
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@atargam /ranch A @apodra /ranch are the indication of the great progress of

.arachha Co-2p. /an" because of its speedy A easy service, high facilities for all customers who want to join in ban" for any reason. he .arachha Co-2p. /an" is he .arachha providing accident insurance scheme for his %embers A Customers.

/an" gives attractive interests on deposits to his customers. It has celebrated the second anniversary of @atargam /ranch with /an"ers, Bmpoyees, 4hare <olders, 6irectors, 9resident, %anaging 6irector A Chairman, and Customers.

)- 3OARD O4 DIRECTORS
NAME POST

%r. 9... 9ansuria %r. /.@. ,ibadiya %r. /./.Cavapara 6r. 7.%. Ca"rani %r. 6.C. 0hevaria %r. D.@. 9atel %r.C.%.@u"adia %r.@.,./halala %r. @... 4avaliya %r. @.,..adaria %r. 9. . 9atel %r. ..9. 4avani %r. /... %angu"iya %r. %.%. 9atel %r. A.6. /halani %r. <areshbhai 9atel %r. @anubhai A. 6obariya %r. %u"eshbhai @anani %r. Arvindbhai 9atel %r. .itthalbhai 6hanani %r. 6ipa"bhai 6odia

9resident .ice 9resident %anaging 6irector 6irector#7oan Committee$ 6irector 4taff Committee$ 6irector 6irector 6irector 6irector 6irector 6irector 6irector 6irector 6irector 0eneral %anager #<ead 2ffice$ /ranch %anager #<ead 2ffice$ %anager #,ing ,oad /ranch$ %anager #@amarej /ranch$ %anager #@atargam /ranch$ %anager #@apodra /ranch$ %anager #@adodra /ranch$

*- TIME 5EEPIN6 SYSTEM

he .arachha Co-operative /an" has no separate department for time "eeping system, headed by %anager or 2fficer. he .arachha Co-operative /an" has identity card system for all Bmployees of the /an" li"e %anagers, 2fficers, Cler"s A 9eons. hese all must sign in the Attendance ,egister. hese records are sent daily to 0eneral %anager or %anaging 6irector of the ban".
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here is totally one shift in a day <ead 2ffice %onday to -riday 1?'?? a.m. 4aturday 1?'?? a.m. @atargam /ranch %onday to -riday 4aturday @adodara /ranch %onday to -riday 4aturday @apodra /ranch %onday to -riday 4aturday @amrej /ranch %onday to -riday 4aturday ,ing ,oad /ranch %onday to -riday 4aturday 1?'?? a.m. 1?'?? a.m. 1?'?? a.m. 1?'?? a.m. 1?'?? a.m. 1?'?? a.m. 1?'?? a.m. 1?'?? a.m. 1?'?? a.m. 1?'?? a.m.

to to to to to to to to to to to to

+'?? p.m. &'?? p.m. +'?? p.m. &'?? p.m. +'?? p.m. )'?? p.m. +'?? p.m. )'?? p.m. +'?? p.m. )'?? p.m. +'?? p.m. )'?? p.m.

+- EMPLOYEE SERVICES
he .arachha Co-operative /an" provides number of services to its employees. CONTRI3UTION O4 THE OR6ANISATION TO THE EMPLOYEE he .arachha Co-operative /an" is wor"ing on different types of department li"e Information, Cew Account, 7oan A Advances, ,eceipts A 9ayment, Clearing 6epartment, o"en 6epartment, -i( 6eposit, 6emand 6raft, 9ay 2rder etc. Bmployees

are given training in all above department. 4o they can do their wor" with fully confidently A carefully. UNI4ORM 4ACILITY he .arachha Co-operative /an" provides uniform facility for all peons of the all different branches.

INSURANCE 3ENE4IT he .arachha Co-operative /an" provides 7ife Insurance A %edical benefits to all employees of the ban". It also provides Insurance of accident to employees of the ban". MEDICAL ASSISTANCE he .arachha Co-operative /an" provides ,s.&?????:- mediclaim to its staff. 3ENE4IT ON LOAN he .arachha Co-operative /an" is providing =F rate of interest on vehicles sourly of loan for its employees. staff. 3ENE4IT ON DEPOSIT he .arachha Co-operative /an" provides 1F higher rate of interest on actual interest of deposit for its employees. he ban" also providing self employed 7oan to its

PERSONNEL MANAGEMENT

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RECRUITMENT. SELECTION 7 INDUCTION

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At 9resent he .arachha Co-operative /an" follows policy of G,ationali!ationH i.e. it selects candidate form inside the 2rgani!ation. herefore, there is no need to recruit or select more people from outside the 2rgani!ation. /ut when there is any vacancy in the 2rgani!ation, the selection process is as under' As" for job to <ead of the 6epartment. Answer from <ead of 6epartment. > hen inquiry comes from <ead for filling the vacancy, if they require the person, they give answers for filling that vacancy and job specification. 4end notification form to employment e(change. According to job specification, they send compulsory notification form of vacancy to the nearest employment e(change. he form includes all the matters relating to the job and wait for answer of employment e(change. If there is no applicant for that job in employment e(change, they give advertisement in the newspaper. ,eturn B(amination =+F up Interview. 4election. Induction. >hen new recruits join the Company, they are not aware of the company. At the time of joining, they are given in brief information about the .arachha Co-operative /an". hey are told about ,ules A ,egulations relevant to his job. he employee is introduced to his superiors and peons. Attendance is prepared immediately on reporting by employee along with the officer order.
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TRAININ6 7 MANA6EMENT DEVELOPMENT he .arachha Co-operative /an" is a one type of servicing organi!ation. 4o it

requires training for the new employees who are wor"ing in the organi!ation. It has its own branches for providing various type of training. It provides training in various departments under Apprentice Act. It gives training for all different departments. he senior employee of the ban" gives new employee. <e taught him about all data of how to wor" it and how to handle it with respect. <e also gives information about rules and regulation of the ban". he training period is of duration of & months for all trainees. >ithin & months the trainees learn procedure of the ban". *PROMOTION POLICY he .arachha Co-operative /an" gives promotion to their employees by e(perience, good efficiency with their wor". efficiently. +8A6E 7 SALARY ADMINISTRATION he .arachha Co-operative /an" gives wage and salary to employees by their seniority. 9ay slips are sent to the concerned to the 4ectional <ead or <ead of the 6epartment. wo days before the closure of the month for distribution amongst their employees. 4alaries or wages are credited in the respective ban" account of the employee one day before the closure of the month.
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raining A teaches %anagement 6evelopment to

he employees are entitled to get

promotion only when they have performed their service with good respectable and

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PROVIDENT 4UND SCHEME he .arachha Co-operative /an" has its own trust vi!. he .arachha Co-

operative employees 9rovident -und rust. 06RIEVANCE HANDIN6 PROCEDURE Any employee desirous of redress of a grievance arising out of his employment or relating to unfair treatment or wrongful e(action on the part of superior, he should himself submits a complainant if he as"s for one. In other cases, the decision of the investigating officer and the action if any, ta"en there on by the share holders shall be invited to the complainant. 2PERSONAL RECORDS he .arachha Co-operative /an" maintains a wide range of records containing detailed information about employment, training, promotions, transfer, welfare activities, wage, employee service etc. it also maintains personnel data of each and every employee with use of computer. It is helpful to seniority. here all information are collected by 0eneral %anager. hese information includes in records are' Came of employee 7ocal and 9ermanent address Appointment of training 6etail about past 9revious employment Iualification 9romotion Awards
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 Accident record 6isciplinary record ,etirement 9hotograph and height, se(, marital status etc

FINANCE MANAGEMENT
1- OR6ANI9ATION STRUCTURE

/2A,6 2- 6I,BC 2, #Chairman, .ise president, %anaging 6irector, 6irectors$

0BCB,A7 %ACA0B,

/,ACC< %ACA0B,

2--ICB,

18

C7B,@ 9B2C

1+

*- RATIO ANALYSIS
1$ Current ,atioJ Current Assets Current 7iabilities J =*,&?,*1,E&= 1,)),&+,)),+=1 J ?.+& &$ 7iquid ,ation J Current Assets-4toc"

Current 7iabilities J =*,&?,*1,E&=-18,+),+==,=E* 1,)),&+,)),+=1 J?.81 )$ Cet 9rofit ,atio J Cet 9rofit Cet Adavances K1??

J 8,;&,E?,&&E K1?? =;,&+,=),)?? J;.)F 8$ ,eturn 2n 4hareholder J Barning After a( K1?? 4hare holders Bquity J 8,;&,E?,&&E?? &?;?+E+1*
1=

J &&.E;) F

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+- PLANNIN6 4OR 4INANCIN6

wo types of -inancing 9lanning as #1$ 7ong ,un -inancial 9lanning, #&$ 4hort run -inancial 9lanning. 7ong term planning is meant for + to ; years and 4hort term is for one year. 0enerally the ban" is not choosing the long run financial planning but short run financial planning is accepted. In short if any developing area is needed /an"ing facility. 4o that time he /an" is thin"ing to open new branches in such areas li"e 4achin, City 7ight, Adajan, and 9una. here is a corporate planning group who review financial viability of the project, which is to be underta"en and funds requirement. he funds generated for these projects have mainly two sources, namely reserved and surplus and borrowing money when any project is reviewed every details of the project is ta"en into consideration because any wrong planning could paid the company to the loss of crores of rupees. hey verified these planning by competent person.

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,- CAPITALI9ATION
Capitali!ation means the process of building up of a capital structure and obtain the sources to mobili!e the capital in the form of shares, fi(ed assets, deposits etc. he 2rgani!ation is said to be over capitali!ation if' he Capitali!ation e(ceeds the real economic value of its net assets.

A return is not reali!ed on capitali!ation. he business has more net assets than it needs. Lnder Capitali!ation does not mean shortage of fund. A company is said to be under capitali!ation when the rate of profit is e(ceptionally high in relation return. he .arachha Co-operative is said to be under capitali!ation because the .arachha Co-operative /an" earning sufficient income #profit$ to meet its fi(ed interest and fi(ed dividend charges.

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0- VARIOUS LOAN SCHEMES

he .arachha Co-operative /an" provides various loans to various

sectors of the community, /an"Hs criteria of providing loans ranges right from a normal person to various corporate bodies according to the ban"s rate A ratios. loan schemes are as below' VEHICLE LOAN his loan is meant for purchase of vehicles li"e motorcycle, scooter, ric"shaw, car etc. he members get up to ;+F of the actual amount. he interest for the amount of ,s.1,??,??? is 1)F and an amount more than 1,??,??? is 18F. he amount can be paid in installment within &8 to )= months inclusive of interests. If the installation is paid within due date so that loan holder can get 1F rebate. PRO4ESSIONAL (SEL4 EMPLOYED LOAN) .arious self employed people li"e 6octor, Bngineers, Chartered Accountants and Advocates can get loans to start their practice and to purchase properties, equipments etc. necessary for the e(pansion of the business. his loan will be up to +?F to ;?F of the total amount required to start the business. he interest for the amount of ,s.&,??,??? is 1+F and an amount more than &,??,??? is 1=F. he loan can be paid in installments within &8 to &= months, inclusive of interest. LOAN A6AINST MORT6A6E O4 6OLD :E8ELLARY -or needy people to meet their requirement, the ban" give loans against mortgage of their jewelry considering the report of the ban" recogni!ed values. his will be up to 1 lac rupees at limited the rate of 18F rate of interest and will be valid up to one year.
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he various

CASH CREDIT HYPOTHECATION his is meant for the business class people for the e(pansion of their business. <ere, loans up to ,s.+? lacs are provided against the mortgage of their stoc"s at the rate of 1)F to 18F rate of return.

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MACHINERY HYPOTHECATION o purchase new machineries for business loans up to suitable margins can be provided at the rate of 18F to 1+F rate of interest. NATIONAL SAVIN6S CERTI4ICATES 7oan facility at the 1)F rate of interest can be provided against Cational 4aving Certificate, 9ost 2ffice, and @isan .i"as 9atra. It requires as proof one photograph and a copy of ,ation Card:Insurance 9olicy:6riving 7icense or Blection Identity Card. SEL4 MORT6A6E LOANS -or 0overnmental, 4ub-0overnmental, 9ublic 7td. CompanyHs, 9ermanent employees can purchase their usual requirement li"e ., -ridge, 4cooter etc. -or these and other 4ocial requirements, loan up to ,s.)?,??? at the rate of 1+F rate of interest can be provided. LOAN A6AINST 4I;ED DEPOSIT RECEIPT he Investor in the ban" can be given loan in a single day against their fi(ed deposit receipt.

2- RATE O4 INTEREST ON DEPOSIT

he following are the rate on interest on -i(ed 6eposits applicable form 6t. 1 st April, &??&, which is shown by he .arachha Co-operative /an". All %embers, Account <olders and >ell->ishers are hearty invited to ma"e deposits. 4I;ED DEPOSIT SCHEMES
&&

IC B,B4 ,A B ;F ;F EF E.+F *.+F

9A, ICL7A,4 )? days Automatic ,enewal -rom )? days to 1E? days -rom 1E1 days to )=+ days -rom 1 year to ) years %ore than ) years.

0et more than double within *? months #,s.1?? JM &?&:-$ 0et two A half times within 11; months #,s.1?? JM &+&:-$ 0et around triple within 1&? months #,s.1?? JM &*=:-$ SAVIN6 ACCOUNT ).+F -or any saving account

<- DEPOSIT SCHEMES

ATTRACTIVE RATE O4 INTEREST IN AUTO RENE8AL DEPOSIT SCHEME /y investing in Auto ,enewal 6eposit 4cheme get attractive high rate of interest in a short period of )? days, under this scheme there is no need to renew your deposit, /an" automatically renews your deposit and even gives EF interest on your interest. DOU3LE MONEY SCHEMES Invest your money in /an"Hs cash certificate scheme and get a high interest rate up to 11F, entitling you more than double your deposit in just ;E months, for e.g. ,s.1?? JM &?&.
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VICO CASH CERTI4ICATE SCHEME /y investing in our .IC2 cash certificate scheme for more than three years get ) monthly commutative interest and get high rate of return on your deposit. SARDAR CASH CERTI4ICATE SCHEME Invest in /an"Hs 4ardar Cash Certificate 4cheme for 1&? months get around triple amount of your deposit and inherit benefit to you heir, e.g. ,s. 1?? JM &*=:-. 30et attractive rate of return on your savings -or you A your family bright future -or quic" A disciplined services -or the safety of your money.5 Invest your spare money in any of our various schemes. CowN

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=- 3AN5ERS
he .arachha Co-operative /an" has some /an"ers, which are as follow' Place 4urat Ahmedabad Canpura, 4urat 4urat 4urat 4urat 4urat 4urat 4urat 4urat Name of the Banks he 4urat 6istrict Co-operative /an" he 0ujarat 4tate Co-operative /an" 7td. 4tate /an" of India- Chow" /a!aar. 4tate /an" of ravan"or- ,ing ,oad. 4tate /an" of 4aurashtra- ,ing ,oad. 4tate /an" of %ysore. Indus Ind /an" 7td. ICICI /an" 7td. /an" of India, @amrej Char ,asta <6-C /an" 7td.

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1>- SPECIAL 4INANCIAL CHARACTERISTICS O4 THE OR6ANI9ATION

he .arachha Co-operative /an" has several special financial characteristics. hey are as follows' Bffective control over e(penditure. imely payment of installments, interest and dividends.

2ptimum utili!ation of installed capacity. -inance department collects money timely from debtors.

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11- 4INANCIAL ANALYSIS (profi!"&ili!#)?-inancial analysis is the process of identifying the financial strengths and wea"nesses of the organi!ation. Investors, who have invested their money in the organi!ation, are interested in earnings from dividend of share capital. hey restore more confidence in this organi!ation that show steady growth in earnings. As such, they concentrate on the analysis of the organi!ationHs present and future profitability.

>e can see that increase in ratio over the previous year indicates improvement in operational efficiency of the business. he organi!ation has to control its e(pense.

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8OR5IN6 PROCEDURE (SERVICES) O4 THE VARACHHA CO-OPERATIVE 3AN5

he .arachha Co-operative /an" has many departments to carry on day to day wor". Information Cew Accounts Issue of Cheque and 9assboo" 4hareholderHs 6epartment 6eposit 6raft 6epartment Clearing Issue of to"en ransfer, I/C and 2/C

Cash 6epartment 7oan 6epartment IN4ORMATION he first department of he .arachha Co-operative /an" is the Information,

which is provides totally information related to all departments, procedures of ban"ing, etc. information department is handled by only one employee. <e gives all information very "indly A politely. NE8 ACCOUNTS
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Cew Accounts are opened as well as old accounts are closed in this department. Accounts are of three types #a$ Current Accounts #b$ 4avings Account #c$ C:C -26 Account. 6aily nearly on an average about 1? to 1& current accounts and 1+ to &? savings accounts are opened and 1 or & are closed everyday. he procedure for opening new accounts in the ban" starts with filling up the form given by the ban". he ban" has nearly about +E?? account and 1=?? saving accounts. he requirements for opening a current account are two photographs #passport si!e$ of the account holder and if the account is opened for a company or firm then the photographs of the directors or proprietor or administrator, the signature and account number of a person or a firm having current account in the ban", personal account number of the person:of the firm who wants to open a new account in the ban" and license of the firm or the company. o open savings account only one photograph #passport si!e$ of account holder, signature of the account holder in the same ban" as well as papers or documents which give true and fair residential address such as driving license, rationing card, light:phone:gas bill and school leaving certificate, etc. he minimum balance for Current Account is ,s. )??? and the minimum balance for the 4aving Account is ,s. 1???. Any Account <older, current or saving, cannot close his:her account before completion of si( month in the ban". he closing of new account is somewhat difficult tas" as each and every aspect of the account is to be noted. he charges ,s. &1? are cut and the remaining amount is given bac" to the customer through the issue of cheque boo" of the some amount. he cheque boo" of the closed account is ta"en bac" by ban" is stored with the account close form. he ban" provides service of C:C #cash credit$ and 2.6. #over draft against security$ for the Current Account <olders.

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As the ban" is fully computeri!ed at the end of the day scanning of the signatures of the new account holders is done. his is an important tas". >hich is to be performed very well and if any mista"e is made it will affect all the department of the ban" in relation with the account holder. he issue of Cheque /oo" and 9ass /oo" department is informed to ma"e Cheque /oo" and 9ass /oo" for the new accounts which are opened on that particular day. In this department there are three employees. hus the ban" employees of this department are having their end of the day with the process of scanning. ISSUE O4 CHE@UE 3OO5 AND PASS 3OO5 his is the important department of the ban". In this department, new 9ass /oo" and Cheque /oo" are issued. he new account department gives details of new customers and according to that new Cheque /oo" and 9ass /oo" are issued. his department consists of only one employee who gives cheque boo" and pass boo" to the customers. A customer, who are in need of a new Cheque /oo" have to apply a day before with a counter given in the old Cheque /oo". -or each account holder it is compulsory to allow at least five Cheques to be cleared or presented to the ban" for issuing a new Cheque /oo". 6aily ;? to ;+ new Cheque /oo"s are issued to the customers. As the ban" is fully computeri!ed if any fraud or changes are made by customer in cheque boo", the computer will reject the cheque number because the while issuing Cheque /oo", the numbers of cheque are recorded in the computer.

4I;ED DEPOSIT DEPARTMENT

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Ce(t department of the ban" is -i(ed 6eposit and other deposits. here are nearly about nine schemes of deposits at present. he deposit up to 1,??,???:- is safe from Insurance by 6I A C0CI. he deposit of C,B and C,2 is accepted by the ban". he facility of ?.+F more interest on deposit to senior citi!en.

A depositor can get interest on his:her deposit quarterly. i. ii. iii. iv. v. vi. vii. viii. i(. -i(ed 6eposit Cash Certificate Auto ,enewal 6eposit ,ecurring 6eposit Call 6eposit Ajeevan 6eposit .-co 6eposit 7o" 4amarpan 6eposit 4ardar Cash Certificate he daily earnings of this department in the form of different deposit are on an average about one or two lacs. he customers are provided full guidance and fast A best service which is the main reason for the customersH attracted. he day ending procedure of this department is to chec" the supplementary of the various certificates printed.

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DRAFT DEPARTMENT

6raft is another department of the ban". As this ban" is in co-operative sector it has limited branches in 4urat and it does not have any branch in any other part of the country. 4o in order to provide draft service of different cities to its customers it has association with certain ban"s. -or e(ample if a customer wants a draft for /ombay, a ban" must have its branch which can discount the draft and if the ban" do not have a branch than it has to joint with other ban"s. country. he 4urat 6istrict Co-operative /an" 7td. he 0ujarat 4tate Co-operative /an" 7td. 4ate /an" of India 4ate /an" of ravancore 4tate /an" of 4aurashtra /havnagar Cagri" 4ah"ari /an" 7td. Indus Ind /an" ICICI /an" 4urat Ahmedabad 4urat 4urat 4urat /havnagar. /aroda Ahmedabad, %umbai, 4urat
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he .arachha Co-

operative /an" has following ban"s who discount the draft in different cities of the

o Issue a 6raft of <6-C:ICICI -rom Account ,s 1 O +,??? +,??1 O &?,??? Above &?,??? ,ate ,s. 1+ ,s. &? ,s. 1 #per 1,???$

o Issue a 6raft of <6-C:ICICI /y Cash ,s. 1 up to 1?,??? Above 1?,??? ,ate ,s. &? ,s. & #per 1,???$

CLEARING DEPARTMENT
he most important and busy department of the ban" is clearing 6epartment. his department has ma(imum number of employees. Cearly about seven or eight persons
))

are continuously wor"ing in this department. he wor"ing hours %onday to -riday is between 11 a.m. to ) p.m. and 4aturday from 11 a.m. to 1 p.m. clearing per day is nearly about three or four crore. Clearing house of all ban"s in 4urat is situated at 4tate /an" of India, Canpura, 4urat. Clearing of two branches of he .arachha Co-operative /an" is about 8? to +? lacs. Clearing which is collected from the clearing <ouse is "nown as outward clearing.

TOKEN DEPARTMENT
he ne(t department of the ban" is the a.m. to ) p.m. o"en department. It is small but

department with only one employee. he wor"ing hours of this department is from 11 o"en is issued after various strict verification of cheque such as signature, amount in figures as well as in words etc. his department is small but full of responsibility. /an" has a special service for its customers that is up to ,s. &?,???:- for 4aving Account <olders and no limit for Current Account <olders can be withdrawn directly from the cash counter without the procedure of o"en.

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TRANSFER DEPARTMENT
he ne(t department is ransfer. here is only one employee in this department. In this department the cheque of the same ban" is transferred from one account to other account of customers. he entry of other department such as 2/C #2uter /ill Collection$ and I/C #Inter /ill Collection$ etc. is done from this department. ,ates of 2/C:I/C A /LI7 1 I/C 2/C /uilty 9ostage Charge ,ates of 9ay 2rder ,s. 1 O 1,??? 1,??1 O 1+,??? Above 1+,??? ,ate ,s. 1?. ,s. 1+. ,s. 1 #per 1,???$
)+

,s. & #per 1,???$ ,s. & #per 1,???$ ,s. &.+? #per 1,???$ ,s. &+:-

OTHER FACILITY
he .arachha Co-operative /an" provides some special facilities or services to its 4hare <olders. he .arachha /an" is a first ban" in the 0ujarat which provides accident insurance to its members and all account holders of the ban". he premium of accident insurance scheme is paid by the .arachha /an". he /an" has paid ,s. &+,;+,???:- to the families of )1 persons #members:account holders$ up to this.

Accident Insurance 4cheme for its 4hare <olders'he .arachha Co-operative /an" is providing ,s. &,??,???:- accident insurance to its 4hare <olders. Accident Insurance 4cheme for its Account <older'he .arachha Co-operative /an" is providing ,s. +?,???:- accident insurance to its all types of Account <olders such account as Current, 4aving, Cash Credit, etc. PriAe Di'!ri& !ion?)=

he .arachha Co-operative /an" gives various incentives to the children of the share holders such as pri!es are given to the students who scores minimum mar"s fi(ed by the ban" for different standards. hus, in this way ban" tries to bring awareness in the children of the share holders to wor" hard to get pri!e. 2ver and above ban" also distributes pri!es to the top ran"ers of 4.4.C. and <.4.C. e(amination who lives in 4urat city. Above &??? children are become winners of pri!es every year. he .arachha Co-operative /an" provides some special services to its customers which are as follows'

To!"ll# Co%p !eriAe$ 3"nB he .arachha /an" is totally computeri!ed so it provides fast and safe service to the customers easily.

Tele 3"nBin/ 4"cili!# in 6 C"r"!i L"n/ "/e ()+ (o r')

he ban" provides tele-ban"ing facility to their customers to "now balance their account and other details at their home or office without any cost. Tele 3"nBin/ 4"cili!# Di!( 4"E

of

);

he Account holder can get the statement of 1+ days of his:her account. this the account holder will have to get code number. VAT M"c(ine

-or

he facility of .A machine is one in which the balance can be "nown itself in the ban".

S"fe Depo'i! V" l! he loc"ers of 0odrej Co. are installed in @atargam branch, @apodra branch, @amrej branch of .arachha /an". he facility of safe deposit vault is provided by just ta"ing deposit.

6-E-3- 3ill Collec!ion 0.B./. /ill Collection centres are started in @apodra branch, @amrej branch and @adodara branch of .arachha ban". Bspecially the facility of paying the bills of 0.B./. at @apodra branch is become very beneficial for thousand of customers of 0.B./. in the @apodra area.

)E

SWOT ANALYSIS
S!ren/!( 1. &. ). 8. +. =. ;. E. 1?. he staff member of the concern is well-e(perienced and trained enough. he ban" is bac"ed by strong share holders. he ban" is providing training to new employees. he accounts of share holders as well as customers are fully secured by insurance. he ban" has good brand image. he turnover of men power in the ban" is very less and staff members are well satisfied with the facilities given to them. he ban" is sponsoring various local serials i.e. %ahabharata etc. in local cable networ", which will enhance mar"et share. he profit of the ban" is at increasing rate. /y honoring the social welfare concept the ban" is providing to the society *. Customers are serviced in the best manner. welfare at a large scale.

8e"Bne''e' he .arachha Co-operative /an" having PAP 0rade credit and running very well so wea"ness canPt be involved in it.

Oppor! ni!#
)*

he ban" has good mar"et potential so that it can enhance or e(pand its business in future. he ban" has to start its branches in the areas li"e City 7ight, Adajan, 9una, and 4achin and should pic" up the opportunity to discover the mar"et. T(re"! 1. If there will be any union, it will cause problem for the ban". &. If there will be any opening of new ban" with more facilities than other ban"s, it will hinder the progress of the ban". ). If there will any political pressure on the ban"ing sector it will lead to decrease in productivity and efficiency. 8. he /an" should provide rent to peons who go daily from branch to head office. 4o that the efficiency of peons of wor"ing will increase and they will be satisfied.

8?