| Parameter | Details |
|---|---|
| Product Name | Investment Deposit (ID) |
| GL Code | ID |
| Product Type | Interest-free, long-term member investment product with a 12-month lock-in. |
| Product Nature | Performance-linked returns based on real economic activity and cooperative surplus, not interest. |
| Eligibility | Suited for members with predictable surplus funds, including salaried individuals, professionals, and retirees. |
| Membership Rule | Exclusively for registered Aasra Society members with valid KYC. |
| Purpose | To build long-term cooperative capital and provide stable funding for real-sector financing. |
| Minimum Deposit | ₹10,000 (Accepted in multiples of ₹1,000). |
| Lock-in Period | 12 months (Strict): Premature withdrawal is not permitted during this period. |
| Returns (AMBA-ID) | Weighted share of Aasra’s annual audited surplus distributed after Board and AGM approval. |
| Strategic Deployment | Funds are utilized exclusively in asset-side products with minimum 1-year economic cycles, such as Micro Equity (MEQ), Movable Asset Finance (MAF), and Cost-Plus Finance. |
| Tax Impact | No TDS: Classified as "Cooperative Surplus," not interest, as per the Mutuality Principle. |
| Digital Tracking | Mobile App allows members to track deposit balance, lock-in status, weighted surplus eligibility, and distribution history. |
| Key Highlights |
• Ethical Investment: 100% interest-free, real-asset backed growth. • Direct Participation: Members participate directly in the society's annual financial success. • Stability: Asset-liability maturity matching reduces liquidity risk. |
| Safety & Risk | Returns are variable based on performance; no guaranteed returns are provided. |
| Documentation | Aadhaar, PAN, Photograph, Nominee details, and Investment Deposit Application Form. |
Unlike traditional banks that lend for interest, Aasra deploys ID funds into Real-Sector Assets to maximize surplus generation for members:
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