Core Banking
One web-based platform for every counter and desk.
- Works in any browser, nothing to install
- Day-end process and working-date control
- Cash scroll, cash denominations and cash exchange
Products
Ten modules on one platform, all working on the same books.
Members & Shares
From KYC to dividend, every member in one place.
- Member and customer registration with KYC details
- Share allotment, share ledger and share suspense
- Dividend calculation and payment
Deposits
Savings, fixed, recurring and pigmy deposits with automatic interest.
- Savings (SB): deposit, withdrawal, internal, split and multi transfers, interest posting
- Fixed deposits: renewal, interest posting and transfer, maturity payment, certificates
- Recurring deposits: instalment schedule, penalty, maturity
Loans & Overdrafts
Gold loans, deposit loans and SHG loans, from disbursal to recovery.
- Loans and overdrafts with EMI schedules
- Gold loans with gold rate and gross weight
- Loan against FD, top-up loans and pigmy-to-loan conversion
Accounting & GL
Double-entry accounts that stay balanced every day.
- Vouchers with approval and controlled deletion
- Ledgers and sub-ledgers
- Cash book, day book and sub-day book
Reports & MIS
Financial statements in a click.
- Trial balance
- Profit and loss account
- Balance sheet with comparison
Audit & Compliance
Section 33 audit statements, ready when the auditor arrives.
- Section 33 audit statements: balance sheet, income and expenditure, receipts and payments
- NPA classification
- Interest provisions: loan interest receivable and FD interest payable
Pigmy Agent App
Daily collection on the agent's phone, synced to the society.
- Installable app for the agent's phone
- Record daily collections against each pigmy account
- Share the collection receipt with the member on WhatsApp
Customer App
Members see their accounts and send requests from their phone.
- Installable app with PIN login, change PIN and profile
- Switch between the member's accounts
- Balances for savings, deposits, loans and shares
Governance & Staff
Board, elections, documents, attendance and salaries.
- Directors and board meetings
- Elections
- Society documents
See SahakaraTech running with your own workflow
Book a free online demo. We will show you the modules that matter to your society and answer your questions.