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Welcome to ICL Mutual Benefits Corporation Ltd !

ICL MUTUAL BENEFITS CORPORATION LIMITED. Is a mutual benefit Company carrying on the business of a non-banking financial institution. Mutual Benefit Companies Are Incorporated Under Indian Companies Act, 1956. It is a nonbanking financial company doing the business of lending and borrowing with its members or shareholders. The government has set up law for the Security of the deposit in the company to which the cradle is legally necessary. ICL MUTUAL BENEFITS CORPORATION LIMITED. Is fully complied with capital adequacy norms set by the government.

The Primary objective of our institution is to cultivate the habit of savings among our members. Our first and foremost aim is to satisfy our members and create mutuality among them ICL MUTUAL BENEFITS CORPORATION LIMITED is fully financial services company.

 

We accept deposits from our members/shareholders within the stipulated norms issued by the Ministry of Corporate Affairs. The funds mobilized are utilized to a great extent for advancing of Gold Loans, Property Loans, & invest in Education Sector, Health Sector & in Real Estates. Thus, the funds are fully secured and therefore the investments with us are in very safer havens. We believe that the success of business comes from each individual's creativity and team work. We at ICL MUTUAL BENEFITS CORPORATION LIMITED, stimulate the mutual growth of our members through Trust and Responsibility and in this process ICL MUTUAL BENEFITS CORPORATION LIMITED strives to contribute to the development of the society overall.

Our company functions like a well-oiled machine and the objective of this initiative is to ensure welfare of our members through financial support by improving the standards of life and rendering all possible technology driven financial services under one roof.

Our objects are

THE MAIN OBJECTS TO BE PURSUED BY THE COMPANY ON ITS INCORPORATION ARE:-
To encourage and afford all facilities for cultivating thrift, savings habits and to Render all financial assistance to its members only by receiving long and short term Deposits and in particular recurring deposit, fixed deposit and other deposits, not Being current accounts from the members as are allowed by law for Mutual Benefit.

To lend, grant loans to the shareholders or members only as against securities of Immovable properties, and/ or on the security of deposits, movables such as Gold, \Silver, Jewellery, KisanVikasPatra, National saving Certificates Scheme, Insurance Policies and other government securities up on such terms and conditions as may From time to time prescribed in law for Mutual Benefit Companies.

Company Information

The Company, right from the beginning has been following the principles of Trust and Guarantee of fairness and balance which remain the cause of our goodwill. In the current era of high speed banking and marketing and in the changing phenomena of banking pluralism, ICL has been treading its way with an inevitable pace. ICL serves each class of the society and has been totally free from the unethical rivalries. We are being governed by the Ministry of Corporate Affairs, Government of India. The heritage of our company speaks itself for its strength, financial conduct and discipline among the people. Our Company has truly bridged the chasm between promise and performance. We accept deposits from our Members/shareholders within the stipulated norms issued by the Ministry of Corporate Affairs. The funds mobilized are utilized to a great extent for advancing of Gold Loans, Property Loans, & invest in Education Sector, Health Sector & in Real Estates. Thus, the funds are fully secured and therefore the investments with us are in very safer havens. There has never been any instance of delay/non repayment of deposits, claimed on maturity dates. We believe that the success of business comes from each individual's creativity and team work. We at ICL, stimulate the mutual growth of our members through Trust and Responsibility and in this process ICL strives to contribute to the development of the society overall.