Delhi Dhan Shakti Co-operative (Urban) Thrift and Credit Society Limited
Address: C-47, Block C, New Ashok Nagar, New Delhi – 110096
Contact: +91 99115 57067
________________________________________
1. Introduction
Welcome to Delhi Dhan Shakti Co-operative (Urban) Thrift and Credit Society Limited (“the Society,” “we,” “our,” or “us”).
These Terms of Service (“Terms”) govern your membership, participation, and use of our financial and cooperative services. By becoming a member or availing of our services, you agree to comply with these Terms, the Society’s bylaws, and all applicable laws and regulations.
________________________________________
2. Membership Eligibility
• Membership is open to individuals who meet the eligibility criteria under the Delhi Co-operative Societies Act and the Society’s registered bylaws.
• Applicants must submit accurate information and required documents during registration.
• The Society reserves the right to approve or reject any membership application without assigning reasons.
________________________________________
3. Member Responsibilities
Members agree to:
• Provide accurate and updated information to the Society.
• Use the Society’s funds and services for lawful purposes only.
• Repay loans and dues as per the agreed schedule and terms.
• Respect the decisions of the Society’s managing committee and follow cooperative principles.
• Avoid any action that may harm the reputation, interests, or operations of the Society.
________________________________________
4. Deposits and Loans
• All deposits, recurring payments, and withdrawals are governed by the Society’s internal rules and Reserve Bank/Registrar of Cooperative Societies regulations.
• Loans are sanctioned based on member eligibility, repayment capacity, and management approval.
• Interest rates, penalties, and repayment schedules are subject to change as per policy updates or government guidelines.
• Default in payment may attract penalties and legal recovery actions as per the Society’s bylaws.
________________________________________
5. Service Usage (For Online/Website Users)
If you access our website or digital services:
• You agree not to misuse or attempt to gain unauthorized access to our systems.
• You may not use our name, logo, or data for any commercial or fraudulent activity.
• The Society is not responsible for any data loss, interruption, or damage resulting from technical issues beyond our control.
• You are responsible for maintaining confidentiality of your login details, if applicable.
________________________________________
6. Privacy and Data Protection
Your personal and financial information is handled as per our Privacy Policy, which explains how we collect, use, and protect your data. By using our services, you consent to such collection and use.
________________________________________
7. Fees and Charges
The Society may levy charges such as membership fees, service fees, or penalties as per approved rates. All applicable fees will be communicated through official channels or displayed at our office/website.
________________________________________
8. Termination and Suspension
The Society may suspend or terminate a member’s services or membership if:
• False or misleading information is provided.
• There is non-compliance with rules, bylaws, or repayment terms.
• The member engages in misconduct or activities harmful to the Society’s interests.
Upon termination, all dues must be cleared immediately. The Society may recover outstanding amounts through lawful means.
________________________________________
9. Limitation of Liability
The Society, its officers, or employees shall not be liable for:
• Any indirect, incidental, or consequential damages arising from service use.
• Losses due to technical errors, third-party systems, or force majeure events.
• Errors in information provided by members themselves.
________________________________________
10. Dispute Resolution
All disputes arising from these Terms or the Society’s operations shall be resolved amicably.
If unresolved, they shall be referred to the Registrar of Cooperative Societies, Delhi, or an appropriate arbitration forum as per applicable laws and the Society’s bylaws.
________________________________________
11. Amendments
The Society reserves the right to amend these Terms from time to time. Updates will be posted at our office or website with the revised effective date. Continued use of our services constitutes acceptance of such amendments.
________________________________________
12. Governing Law and Jurisdiction
These Terms shall be governed by and interpreted in accordance with the laws of India.
The courts of Delhi, India, shall have exclusive jurisdiction over any disputes relating to these Terms.
________________________________________
13. Contact Information
For questions, concerns, or clarifications regarding these Terms, please contact:
Delhi Dhan Shakti Co-operative (Urban) Thrift and Credit Society Limited
Address: C-47, Block C, New Ashok Nagar, New Delhi – 110096
Mobile: +91 99115 57067
Email: care@delhidhanshakti.com
________________________________________
Disclaimer:
These Terms of Service are designed to ensure transparency and compliance with cooperative and financial laws. Members are encouraged to read them carefully and contact the Society for any clarifications before availing service