FINANCIAL PRODUCTS

Financial products refer to instruments that help you save ,invest, get
insurance or get a mortgage. These are issued by various banks, financial
institutions, stock brokerages, insurance providers, credit card agencies and
government sponsored entities Financial products are the economic services
provided by the finance industry, which encompasses a broad range
of businesses that manage money,
including creditunions, banks, creditcard companies, insurancecompanies, acc
ountancy companies, consumer-finance companies, stock
brokerages, investment funds andsome government-sponsored enterprises.
Financial services companies are present in all economically developed
geographic locations and tend to cluster in local, national, regional and
international financial centers such as London, New York City, and Tokyo.
TYPES OF FINANCIAL PRODUCTS

Fixed Deposit Scheme

Interest Rates effective.
We offer different periodicities for deposits ranging between 3 months to 5 years with
undoubtedly attractive rate of Interest. Just have a look at the Rate of Interest offered by
the society.

Period

Rate Of Interest(in %)

3 months

7.00

8.00

6 months

9.00

10.00

9 months

10.00 11.00

12 months

12.00 13.00

Sp. Rate Of Interest**(in %)

24 months

12.00 13.00

36 months 12.50

13.50

48 months 12.50

13.50

60 months 13.00

14.00

**Persons who are 50 years and above, Ladies, Physically Challenged persons, Retired
Persons, Members of Armed Forces, Retired Defence personnel, Employees of State &
Central Government, All Employees of Financial Sector, Insurance Companies or
Employees of any Co-Operative establishment, Local Bodies, Trusts, AOP , Adarsh
Credit Co-operative Society Ltd. regular member (Minimum 1 share holder)or Single
deposit of Rs. 5.00 Lacs and above.

Recurring Deposit Scheme(R.D)

Interest Rates effective.

(For investment of Rs.100 per month )

Period

Rate Of Interest (in %)

12 months

9.50

Rs.1,262.00

24 months

10.50 Rs.2,670.00

60 months

11.50 Rs.8018.00

72 months

12.50 Rs.10530.00

Daily Deposit Scheme(DDS)*

Interest Rates effective

Maturity Amount (in `)

(Min. amount Rs.10 or multiple of Rs.5 )

Period

Rate Of Interest (in %)

12 months 6.00
24 months 8.00

*Interest is basis on daily products.

Adarsh Schemes
Interest Rates effective

Scheme Name Period

Adarsh Triple

Min.Amount(In multiple of)

108 Months

Maturity Amount

Rs.1000 or multiple of Rs.100

Triple

Adarsh Bachat Patra 66 Months

Rs.1000 or multiple of Rs.100 Doubled

Bitiya Samridhi Yojana 72 Months

Rs.1000or multiple of Rs.100

Two & Half Times

Regular income scheme

-

Monthly income scheme

Ordinary Rate Of Interest

Period

Rate of interest(In %) To get monthly income of Rs.100 you invest

Monthly Income On Rs.10,000 Invested by you

1 to 24 months 11.50

Rs.10435

Rs.95.83

36 to 48 months 12.00

Rs.10000

Rs.100.00

60 to 72 months 12.50

Rs.9600

Rs.104.17

Sp.Rate Of Interest**
Period

Sp.Rate of interest(In %)To get monthly income of Rs.100 you invest Rs.
Monthly Income On Rs. 10,000 Invested by you

1 to 24 months 12.50

Rs.9600

Rs.104.17

36 to 48 months 13.00

Rs.9231

Rs.108.33

60 to 72 months 13.50

Rs.8889

Rs.112.50

Note: Periodical interest will be paid in nearest rupees.

**Persons who are 50 years and above, Ladies, Physically Challenged persons,
Retired Persons, Members of Armed Forces, Retired Defence personnel, Employees
of State & Central Government, All Employees of Financial Sector, Insurance
Companies or Employees of any Co-Operative establishment, Local Bodies, Trusts,
AOP , Adarsh Credit Co-operative Society Ltd. regular member (Minimum 1 share
holder)or Single deposit of Rs. 5.00 Lacs and above.

Quaterly Income Scheme(QID)

Interest Rates effective

(For every investment of Rs.

10,000) (Ordinary Rate of Interest)

Period

Rate Of Interest (in %) Quaterly Income On Rs.10,000 Invested by you

1 to 24 months 11.50

Rs.275.87

36 to 48 months 11.75

Rs.281.63

60 to 72 months 12.00

Rs.287.37

(For every investment of Rs.

10,000) (Special Rate of Interest)**
Period

Sp.Rate Of Interest**(in %) Quaterly Income On Rs. 10,000 Invested by

you
1 to 24 months 12.50

Rs.298.84

36 to 48 months 12.75

Rs.304.55

60 to 72 months 13.00

Rs.310.26

Note: Periodical interest will be paid in nearest rupees.

**Persons who are 50 years and above, Ladies, Physically Challenged persons, Retired
Persons, Members of Armed Forces, Retired Defence personnel, Employees of State &
Central Government, All Employees of Financial Sector, Insurance Companies or
Employees of any Co-Operative establishment, Local Bodies, Trusts, AOP , Adarsh
Credit Co-operative Society Ltd. regular member (Minimum 1 share holder)or Single
deposit of Rs. 5.00 Lacs and above.

Half Yearly Income Scheme(HID)

Interest Rates effective

(For every investment of Rs. 10,000)

(Ordinary Rate of Interest)

Period Rate Of Interest(in %)

Half Yearly Income On Rs. 10,000 Invested by you

1 to 24 months 11.50

Rs.559.36

36 to 48 months 11.75

Rs.571.19

60 to 72 months 12.00

Rs.583.01

(For every investment of Rs. 10,000)

(Special Rate of Interest)**

Period

Sp.Rate Of Interest**(in %) Half Yearly Income On Rs. 10,000 Invested

by you
1 to 24 months 12.50

Rs.606.60

36 to 48 months 12.75

Rs.618.38

60 to 72 months 13.00

Rs.630.15

Note: Periodical interest will be paid in nearest rupees.

**Persons who are 50 years and above, Ladies, Physically Challenged persons, Retired
Persons, Members of Armed Forces, Retired Defence personnel, Employees of State &
Central Government, All Employees of Financial Sector, Insurance Companies or
Employees of any Co-Operative establishment, Local Bodies, Trusts, AOP , Adarsh
Credit Co-operative Society Ltd. regular member (Minimum 1 share holder)or Single
deposit of Rs. 5.00 Lacs and above

Yearly Income Scheme(YID)

Interest Rates effective

(For every investment of Rs. 10,000) (Ordinary

Rate of Interest)

Period

Rate Of Interest(in %) Yearly Income On Rs. 10,000 Invested by you

12 to 24 months 11.50

Rs.1150

36 to 48 months 11.75

Rs.1175

60 to 72 months 12.00

Rs.1200

(For every investment of Rs. 10,000) (Special

Rate of Interest)**

Period

Sp.Rate Of Interest**(in %) Yearly Income On Rs. 10,000 Invested by you

12 to 24 months 12.50

Rs.1250

36 to 48 months 12.75

Rs.1275

60 to 72 months 13.00

Rs.1300

Note: Periodical interest will be paid in nearest rupees.

**Persons who are 50 years and above, Ladies, Physically Challenged persons, Retired Persons,
Members of Armed Forces, Retired Defence personnel, Employees of State & Central
Government, All Employees of Financial Sector, Insurance Companies or Employees of any CoOperative establishment, Local Bodies, Trusts, AOP , Adarsh Credit Co-operative Society Ltd.
regular member (Minimum 1 share holder)or Single deposit of Rs. 5.00 Lacs and above

FIXED DEPOSIT(FD)
A fixed deposit (FD) is a financial instrument provided by banks which provides investors with a
higher rate of interest than a regular savings account, until the given maturity date. It may or may
not require the creation of a separate account. It is known as a term deposit or time
deposit in Canada, Australia, New Zealand, and the US, and as a bond in the United
Kingdom and India. They are considered to be very safe investments. Term deposits
in India and Pakistan is used to denote a larger class of investments with varying levels
of liquidity. The defining criteria for a fixed deposit is that the money cannot be withdrawn from
the FD as compared to a recurring deposit or a demand deposit before maturity. Some banks may
offer additional services to FD holders such as loans against FD certificates at competitive
interest rates. It's important to note that banks may offer lesser interest rates under uncertain
economic conditions. The interest rate varies between 4 and 11 percent.[1] The tenure of an FD
can vary from 7, 15 or 45 days to 1.5 years and can be as high as 10 years.[2] These investments
are safer than Post Office Schemes as they are covered by the Deposit Insurance and Credit
Guarantee Corporation (DICGC). However, DICGC guarantees amount up to 1,00,000
(about ) per depositor per bank. They also offer Below are reasons why you should open a fixed
deposit account today:

BENEFITS OF FD
1. It encourages a savings habit as the money you deposit needs to be in the account for a period
of time without you making any withdrawal.
2. Investing in a fixed deposit account earns you a higher interest rate than depositing your
money in a savings account.
3. You are assured of returns for your investment.

4. The account helps to act as a fall back for your business in the event of a cash flow squeeze or
can be used to meet your future cash requirements.
5. Interest is payable at maturity; annually or monthly depending on the term you chose or you
could use the money to buy assets if you want.
6. You get to choose how long you want to invest your money in a fixed deposit account ranging
from 30 days to ten years.
7. You can choose to have more than one fixed deposit account if you want to save for different
goals.
2.DAILY DEPOSIT SCHEME
Daily Deposit Scheme is a monetary deposit scheme introduced by Syndicate Bank, India.
Money can be deposited into an account on daily basis. The amount may be as small
as Rupees five. It can be called a recurring deposit scheme, as the money is deposited almost
daily. The unique characteristic of this scheme is that a bank agent collects the money daily, from
the account holder's doorstep.
This scheme was introduced by Syndicate Bank headquartered at Manipal, Udupi district
of India. The scheme was introduced to help daily wage earners, small traders and farmers to
inculcate a saving habits and also as a means to fund their bigger capital requirements, such as a
wedding, home buying, vehicle purchase etc. The scheme is now offered by several other banks
in India.
They were treated as part and parcel of the banking and trading system often carrying legitimate
and confidential market and trading information within the network and contributed to the
development of stock exchanges. The trading system is not complete without recognising them
as the pillars of funds deposit system, in India; especially.

As they were enjoying high level of confidence amongst the business community they even took
part in personal affairs of traders-big and small and also took part in various social activities
again within the network.
Many a competition were held to recognise the efforts of these tiny soldiers armed with highly
noticeable market or marketing skills that led to the popularity of Pigmy Deposit Collection
system in India.
It is learned from reliable sources that the Pigmy System is being introduced overseas and U.A.E
has given it a modern name "mobile banking".
It will be not a surprise if Western Bankers gave a serious thought in introducing this as it will
generate revenue, market enthusiasm and works as a defense mechanism should a bank be in
need of one....
This also generated huge deposits over a period and also created long-term and sustainable
employment to youth who like freedom and also enjoy mingling with market enthusiasts as well
as in creating market sensation (sometimes).
"A day or evening is not complete without the visit of these Pigmy collectors on the premises of
a trader or the depositor".
3. CURRENT ACCOUNT
Current Accounts are basically meant for businessmen and are never used for the purpose of
investment or savings. These deposits are the most liquid deposits and there are no limits for
number of transactions or the amount of transactions in a day. Most of the current account are
opened in the names of firm / company accounts. Cheque book facility is provided and the
account holder can deposit all types of the cheques and drafts in their name or endorsed in their
favour by third parties. No interest is paid by banks on these accounts. On the other hand,
banks charges certain service charges, on such accounts.
FEATURES OF CURRENT ACCOUNT

1. The main objective of Current Account holders in opening these account is to enable them
(mostly businessmen) to conduct their business transactions smoothly.
2. There are no restrictions on the number of times deposit in cash / cheque can be made or the
amount of such deposits;
3. Usually banks do not have any interest on such current accounts. However, in recent times
some banks have introduced special current accounts where interest (as per banks' own
guidelines) is paid
4. The current accounts do not have any fixed maturity as these are on continuous basis accounts
4. SAVINGS ACCOUNT
These deposits accounts are one of the most popular deposits for individual accounts. These
accounts not only provide cheque facility but also have lot of flexibility for deposits and
withdrawal of funds from the account. Most of the banks have rules for the maximum number
of withdrawals in a period and the maximum amount of withdrawal, but hardly any bank
enforces these. However, banks have every right to enforce such restrictions if it is felt that the
account is being misused as a current account. Till 24/10/2011, the interest on Saving Bank
Accounts was regulared by RBI and it was fixed at 4.00% on daily balance basis. However,
wef 25th October, 2011, RBI has deregulated Saving Fund account interest rates and now banks
are free to decide the same within certain conditions imposed by RBI.

Under directions of RBI,

now banks are also required to open no frill accounts (this term is used for accounts which do not
have any minimum balance requirements). Although Public Sector Banks still pay only 4% rate
of interest, some private banks like Kotak Bank and Yes Bank pay between 6% and 7% on such
deposits. From the FY 2012-13, interest earned upto Rs 10,000 in a financial year on Saving
Bank accounts is exempted from tax.

TERMS RELATED TO FINANCIAL PRODUCTS

1.INTEREST RATE

An interest rate is the total percentage paid by the borrower on a loan. It can also be
the difference between the money paid back and the money borrowed. The interest
rate is what a lender charges a borrower for taking a loan and is also used to determine
the rate paid on money deposited in savings accounts
Increases in interest rates cause borrowers to pay more to lenders, thus increasing their costs for
loans. This also affects other industries, especially companies that make luxury goods. When
income levels fall, consumers tend to reduce their spending on non-essentials. A decrease in
interest rates encourages customers to borrow more because they are not paying high fees for the
loans.
2. NON INTEREST BEARING LOAN
According to Accounting Tools, a non-interest-bearing loan is a loan or debt on which the
borrower is not required to pay interest. With this type of loan, the only amount due is the
principal, or actual amount borrowed, as long as the borrower meets all other requirements of
repayment. The source notes that this can also be referred to as a non-interest-bearing note.
3. UNSUBSIDISED LOAN
An unsubsidized loan is a type of student loan funded by the United States Department of
Education in which the loan accumulates interest even if the borrower is still attending school, or
within a grace period. Unsubsidized loans are available to all students whose financial aid doesn't
satisfy the cost of attendance, regardless of their personal financial status. Unsubsidized loans are
available to help pay for the cost of higher education at qualified four year colleges, universities
or career, trade or technical schools, and loan eligibility can be determined by filling out a
FAFSA form.
4.PRINCIPAL PAYMENT
A principal payment is a payment that a borrower makes on the amount borrowed, rather than the
fees and interest on the loan, reports the Consumer Finance Protection Bureau. Typically,
payments on a loan first cover interest and fees, but a borrower can make extra payments on the
principal.

MARKETING OF FINANCIAL PRODUCTS

As we know that financial products are the services which are provided by the financial as well
as economic institutions to raise the funds of the investors and savers. In order to provide these
services to the customer these financial institutions have to promote the financial products which
include FD, RD, DDS,CURRENT ACCOUNT SAVINGS ACCOUNT etc. Promotion of these
products are done through agents of the company or institution and by providing the information
about the services and products of the company to the customers and the workers aslso. Because
there are some company which are working for the society and they provide all these financial
services to their workers only. Some institutions promote their products by using e platform for
gaining inerest of the customers. Companies like Adarsh credit cooperative society ltd render
financial services to its members and to promote the interests of all its members.

WHO IS AN ASSISTANT ADVISOR?

Assistant advisor is a member of a company which provides necessary information about the
schemes and services of the company to the customers and works under advisor which guides
them to perform such tasks

PROFILE OF AN ASSISTANT ADVISOR IN ADARSH CREDIT COOPERATIVE SOCIETY

LTD

At adarsh, you become the part of growing family of members, secured by a wide network of
brand workers, with the most advanced software and mobility technology, guided by the vision
and management the pioneers of the cooperative sector in india. You need to be fond of meeting

members, maintain warm relationship. Accept new challenges and believe in and hard work and
sincere efforts.
What is required1.Minimum age 18 years.
2.Educational qualifications- literate.
3.Employed/self employed/retired/housewives.
Benefits1.Attracting increasing commission structure.
2.Incentives.
3.Life time carrer opportunity.
4.Promotion cycle.
5.Advisor future benefit fund.
6.Special loan benefits to active assistant advisors.

WHAT AN ASSISTANT ADVISOR OF AN ADARSH DO?

As we know that the company deals in rendering financial products and services to its members
and to promote the interests of all its members. so,an assistant advisor is basically an assistant of
an advisor which is guided by the assistant and gets information about the services of the
company and after getting the services an assistant provides this information to the customers
and its members and helps in promoting the financial products of the company and the interests

of all its members. The information includes the filling of form no 60 and giving the iformation
about products of adarsh which are as follows
1 .A-15
This is a scheme which is a type of fixed deposit in which the duration is of 15 months and the
investor or customer will get a fixed amount with specific rate of interest. Rate of interest is
decided by the company. Suppose, I deposited Rs 5000 and after 15 months I will get Rs 6200.
Therefore, these are the information which an assistant has to give in the company.
2. ADARSH- 18
This is a scheme which is a type of fixed deposit in which the duration is of 18 months and the
investor or customer will get a fixed amount with specific rate of interest. Rate of interest is
decided by the company. Suppose, I deposited Rs 5000 and after 18 months I will get Rs 6350.
Therefore, these are the information which an assistant has to give in the company.
3. ADARSH BACHAT PATRA
This is a scheme which is a type of fixed deposit in which the duration is of 7 years and the
investor or customer will get a fixed amount with specific rate of interest. Rate of interest is
decided by the company. Suppose, I deposited Rs 5000 and after 7 years I will get Rs 17000.
Therefore, these are the information which an assistant has to give in the company.
4. ADARSH TRIPLE
This is a scheme which is a type of fixed deposit in which the amount customer deposits gets
triple in a duration is of 10 years and the investor or customer will get a fixed amount with
specific rate of interest. Rate of interest is decided by the company. Suppose, I deposited Rs
10000 and after 10 years I will get Rs 30000. Therefore, these are the information which an
assistant has to give in the company.
5.A-36
This is a scheme which is a type of fixed deposit in which the duration is of 36 months and the
investor or customer will get a fixed amount with specific rate of interest. Rate of interest is

decided by the company. Suppose, I deposited Rs 10000 and after 36 months I will get Rs
16000. Therefore, these are the information which an assistant has to give in the company. and
helps in promoting the interests of all its members

MARKETING STEPS INVOLVED

HOW THEY APPROACH CUSTOMERS - OUT LET , ONLINE, TELEPHONE.
ADVERTISMENTSALARY AND QUALIFIACTION OF ASSISTANT ADVISOR
HIREARCHY OF MARKETING TEAM
PRODUCTS AND SCHEMES