The People’s Mutually Aided Co-op. Credit Society Ltd., Hyderabad, founded on January 29, 2001, by retired Bank of India officials, proudly celebrated its Silver Jubilee on January 29, 2024, marking 25 years of dedicated service. Established to support Senior Citizens with better interest rates amid declining bank returns, the Society has grown steadily. As of last year, it has a 2,764-strong membership, comprising 70% senior citizens.

A significant portion of members belong to the Parsi Zoroastrian community in Hyderabad-Secunderabad. Depositors can opt for monthly, quarterly, or maturity-compounded interest payments. Committed to social responsibility, the Society allocates 1% of its profits to a ‘Common Good Fund’, supporting charitable organizations such as B.R.J.C. Parsi High School (Secunderabad), Zoroastrian Stree Mandal, F.S. Parukh Dharamshala (Mumbai), and Frohar Foundation (Mumbai).

Since its inception, the Society has consistently paid dividends and interest on share capital. For over a decade, it has maintained a 50% dividend and interest payout. In addition to competitive financial services, the Society offers various banking facilities, including safe deposit lockers, ensuring secure and reliable banking for its members. With a strong foundation and commitment to its members, the People’s Co-op. Credit Society continues to thrive, upholding its mission of financial empowerment and community support, under the stalwart leadership of Chariman – Khushroo F. Toorkey alongside MD and Vice Chairman – Kerfegar B. Antia, with Directors – Percy R. Daver and Lim H. Banaji.