Niyor Society

ABOUT

We're Passionate About Delivering Growth Services

The trading, thrift and credit co-operatives function as intermediaries of inclusive finance. They promote banking habits among the people. Small savings, which otherwise would have evaporated as unnecessary expenditures, are saved by members of society that ultimately supports their future planning. Timely access to credit by members is an important feature of co-operative society. Small savings made by housewives can be used to buy important home and kitchen appliances that ultimately make their better. We at Niyor Trading Co-operative Society Limited constantly try to promote an eco-system in society in which savings and credits habits grow in a balanced way. Furthermore, co-operative societies play an important role in employment generation.

Niyor Trading Co-operative Society Limited is a society registered under Assam Co-operative Societies Act 2007 with Regd. No.G-60/2023-2024.

Among the various activities the society is permitted to do, the main activities are mentioned below:

Trading Activity. It relates to providing consumer Durable products namely TV, Refrigerator, Washing Machine etc. to our members at affordable EMI basis.
Thrift and Credit Function. It aims to promote banking habits among the people lying at the bottom of pyramid by making them members of our society.

From Chairman's Desk

As Chairman of the Niyor Trading Co-operative Society Limited, I see nothing but limitless possibilities for this organization. It's truly been a difficult but fulfilling experience since we started just 7 months ago particularly with 20 founding members who practically had nothing but the desire to create a community where employees can work together and help each other through the cooperative way of life.

Although we now have more than 1000 members, and even with all of our accomplishments to date, there are still much to be done. As they say, we should not rest on our laurels. I therefore would like to ask everyone: Start getting involved. Know your cooperative. Volunteer. Participate. Recruit! As I always say, the strength of any cooperative is in numbers. The more we are, the stronger we'll be and the faster we'll grow. Remember, we may be a young cooperative but our potential is…Limitless. Thank you very much!

1900+

Happy
Users

Branches

Branch 1

Address: Sonapur

Branch 2

Address: Narengi

Branch 3

Address: Basista Chariali

Services

Our Deposit Schemes

Deposit Services

We offer various deposit schemes for our members, including Daily Deposit, Recurring Deposit, Fixed Deposit, Monthly Interest Income Product, Savings Account, and Loan facilities. Our product team strives to create solutions that ensure the safety and security of our members' future.

Daily Deposit

Members can deposit a small amount from their routine business income daily. It is suitable for members with small shops. The minimum amount starts from Rs. 100, with flexibility to deposit any amount at any time.

Recurring Deposit

We offer a recurring deposit account which allows members to deposit money periodically. When the deposit period elapses, the member receives interest on the amount deposited.

Fixed Deposit

We offer a fixed deposit account which allows members to deposit money for a fixed period. When the deposit period elapses, the member receives interest on the amount deposited.

Monthly Interest Income Product

By investing a fixed amount with us a member can earn a fixed amount interest every month and the principal will remain intact.

Savings Account

Adopt a steady savings habit for a better and secure tomorrow. Avail savings accounts with the highest interest rates.

Our Loan Schemes

Loan Services

Loan servicing includes sending monthly payment statements, collecting monthly payments, maintaining records of payments and balances, collecting and paying taxes and insurance (and managing escrow funds), remitting funds to the note holder, and following up on any delinquencies.

Loan against Deposits

Our loan against fixed deposits allows members to leverage up to 50% of their deposit value as a demand loan. This option facilitates liquidity management without the need to break FDs, offering lower interest rates due to the secured nature of the loan against the underlying FD.

Business Loans

Tailored for entrepreneurs, our business loans require a minimum 3-month-old Daily Deposit Account linked to the member's business. Eligibility is determined based on deposit amounts and credit verification, enabling loans of up to three times the deposited amount. This supports business growth and expansion initiatives effectively.

Quick Loan

Our Quick Loan product provides immediate financial relief just one month after opening a Daily Deposit Account. Members can access a fixed loan amount of Rs. 10,000 monthly with simplified documentation requirements, ensuring rapid financial support for urgent needs.

Consumer Durable Loan

Designed to meet household needs, our Consumer Durable Loan features zero interest and minimal processing fees. Members can finance essential items such as Refrigerators, Washing Machines, and TVs from top brands through affordable EMIs and straightforward application procedures, making it easy to enhance their quality of life.