(MUTUALLY AIDED THRIFT & CREDIT SOCIETY)
Navodaya Mutually Aided Co-Operative Thrift and Credit Society Ltd. was founded with a clear mission to deliver reliable, accessible, and people-centric financial services to underserved communities. Recognizing that many marginalized and low-income groups remain financially excluded despite the presence of banks, our society was established by visionary entrepreneurs and experienced bankers committed to bridging this gap through social justice, economic empowerment, and community development.
Registered under the Andhra Pradesh Mutually Aided Co-operative Societies Act, 1995, Navodaya operates in full compliance with its statutes, rules, and by-laws, under the regulatory oversight of the Registrar of Andhra Pradesh Mutually Aided Co-operative Credit Societies. Rooted in the values of cooperation and collective progress, we are dedicated to improving the economic well-being and quality of life of every member we serve.
"Our commitment is to empower individuals through financial inclusion and support, creating pathways to economic independence and community development."
To be a trusted and inclusive cooperative that enables equal opportunities, fostering financially stable members, empowered communities, and sustainable growth through cooperation and shared prosperity.
To empower underserved communities through inclusive and accessible financial services, support small entrepreneurs, and promote financial independence and socio-economic well-being through ethical practices.
Integrity, Transparency, Member-Centricity, Innovation, and Social Responsibility guide all our operations and decisions.
Key milestones in our growth story
Navodaya Cooperative Society was established with 5 executives and a vision to serve the community.
Opened our first branch in Vijayawada, expanding our reach to more members.
Implemented core banking solutions and digital services for enhanced member experience.
Reached the milestone of 500 members, a testament to the trust placed in our services.
What sets us apart from other financial institutions
We offer some of the highest interest rates on deposits and competitive rates on loans in the market.
Your investments are secure with us, backed by strong governance and regulatory compliance.
We provide personalized financial solutions tailored to your specific needs and goals.
Enjoy fast loan approvals and efficient service delivery with minimal paperwork.
As a cooperative society, we are owned by our members, ensuring your interests always come first.
We reinvest in the community, supporting local development and empowerment initiatives.
Numbers that tell our story
Based on our annual member feedback survey
We believe in supporting our members' financial needs
Percentage of our business loans supporting women-led ventures
Reflecting our responsible lending practices
Common questions about our society
To become a member, you need to visit any of our branches with your identity and address proof, fill out the membership form, and pay a nominal membership fee. Our staff will guide you through the process and explain the benefits of membership.
Members enjoy numerous benefits including access to high-yield deposit schemes, preferential loan rates, participation in society governance through voting rights, regular dividends based on society profits, and various financial education programs and workshops.
Unlike banks, we are a member-owned cooperative society where members have a say in the governance. We offer higher interest rates on deposits, more flexible loan options, personalized service, and a strong community focus. Our profits are distributed back to members or reinvested in community development.
Yes, your money is safe with us. We are registered under the Mutually Aided Cooperative Societies Act and follow all regulatory guidelines. We maintain strong financial reserves, practice prudent lending, and are subject to regular audits to ensure financial stability and security of your investments.
Become a member today and experience the benefits of our financial services.
