Aasra Cooperative Credit Society Ltd

Daily Deposit Liquidity Support (ADDLS)

Feature	Details & Specifications
Product Purpose	Provides interest-free working liquidity to support small daily businesses with regular cash inflow.
Eligibility	Exclusively for SHG members, retail shopkeepers, and merchants with high cash flow.
Discipline Requirement	Minimum 30–90 days of consistent daily deposit discipline.
Liquidity Limit	Up to 2× accumulated daily deposits, with an absolute maximum cap of ₹2,00,000.
Tenure	Maximum credit cycle of 40 days with strictly no rollovers or extensions.
Pricing (Service Charge)	A flat, one-time 2% service charge of the sanctioned amount for administrative cost recovery.
Repayment Mode	Daily repayment follows the same routine as deposit collection, directly from business liquidity.
Withdrawal Restriction	Daily deposit withdrawals are not permitted while credit is outstanding.

Saving Discipline: Your saving discipline directly determines your credit limit via a system-calculated formula.
Usage Restriction: The facility is intended strictly for short-term working liquidity, not for long-term borrowing or consumption.
Daily Repayment: Repayment must be made daily; there is no EMI system or monthly stress.
Non-Interest Nature: The 2% charge is not interest, is not time-based, and does not compound.
Fresh Cycles: Members may re-apply for a fresh cycle once the previous liquidity amount is fully repaid.
Risk Safeguard: A guarantor is required for liquidity requests exceeding ₹50,000.