Your trusted partner for savings & credit in Akola
Lokhith Urban Co-operative Credit Society Limited serves families, traders and small businesses of Akola with safe deposit schemes, fair-rate loans and personal, member-first service.
Why members choose us
- ✓Attractive interest on Fixed & Recurring deposits
- ✓Quick gold, personal & business loans
- ✓Daily deposit collection at your doorstep
- ✓Transparent, member-owned co-operative
Built on co-operation, driven by trust
“Lokhith” means welfare of the people, and that is our purpose. As an urban co-operative credit society in Akola, we pool the savings of our members and use them to give fair credit to the same community, so the money stays local and helps local families grow.
We are a registered co-operative society run by an elected Board of Directors, answerable to our members and audited every year under the co-operative laws of Maharashtra.
🎯 Our Vision
To be the most trusted co-operative financial institution in Akola, empowering every household with access to savings and credit.
🚀 Our Mission
To give our members safe returns on their savings and timely, affordable loans through honest, efficient and friendly service.
🏛️ Our Promise
Sound management, full transparency, and treating every member with respect.
Deposits & Loans for every need
Grow your savings with us, or get the funds you need for home, family and business. Visit the branch for current interest rates and full terms.
Savings Account
A simple account for everyday savings with easy deposits and withdrawals.
- Low minimum balance
- Interest credited periodically
Fixed Deposit
Lock in a higher interest rate for a term that suits you.
- Flexible tenure options
- Extra rate for senior citizens
- Loan available against FD
Recurring Deposit
Save a fixed amount every month and build a lump sum for your goals.
- Start with a small monthly amount
- Ideal for education & weddings
Daily Deposit (Pigmy)
Our agents collect your daily savings at your shop or home.
- Made for traders & shopkeepers
- Build a saving habit easily
Current Account
For businesses and traders who need frequent transactions.
- No limit on transactions
- Smooth business banking
Monthly Income Scheme
Deposit a lump sum and receive regular monthly interest payouts.
- Steady monthly income
- Well suited to retirees
Gold Loan
Instant loans against gold ornaments with safe custody.
- Minimal documentation
- Same-day disbursal*
Business / Trade Loan
Working capital and expansion funds for traders and small enterprises.
- Cash credit / term loan
- Repayment matched to cash flow
Personal Loan
For medical needs, education, weddings or household expenses.
- Salaried & self-employed
- Easy EMIs
Housing / Mortgage Loan
Buy, build or renovate your home, or borrow against property.
- Longer repayment tenure
- Competitive rates
Vehicle Loan
Finance for two-wheelers, cars and commercial vehicles.
- New & used vehicles
- Quick processing
Loan against FD
Borrow against your fixed deposit without breaking it.
- Up to a high % of FD value
- Low interest margin
*Subject to verification and the society's loan policy. Loans are available to members only.
Financial calculators
Estimate your loan EMI or deposit maturity amount. Enter the current rate from the branch for an accurate figure.
🧮 Loan EMI Calculator
📈 Fixed Deposit Calculator
Assumes quarterly compounding. Actual returns depend on the rate and terms at the time of deposit.
Banking the co-operative way
Every member is an owner. Surplus goes back to members as dividend, as approved by the AGM.
Clear documentation and staff who explain every step in Marathi, Hindi or English.
Loans are sanctioned locally, so you get an answer quickly instead of waiting on a distant head office.
Audited accounts, published annual reports and an open Annual General Meeting.
We know our members by name and treat every member as family.
Your savings fund local businesses and homes, helping Akola grow.
📢 Notices & Announcements
- Members are requested to update their KYC (Aadhaar, PAN and a recent photograph) at the branch.
- Special deposit interest rates are available for senior citizens. Contact the branch for details.
- The date of the Annual General Meeting will be announced here and at the branch notice board.
- The society never asks for your PIN, OTP or password by phone or SMS. Do not share them with anyone.
📂 Documents for Membership / Account Opening
- 1Duly filled membership / account opening form
- 2Aadhaar card (identity & address proof)
- 3PAN card (or Form 60)
- 4Two recent passport-size photographs
- 5Share capital & entrance fee, as per the society's bye-laws
- 6For loans: income proof, guarantors & security documents