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Home Cooperative Queries

Does govt guarantee investor’s money in a co-operative

ram by ram
June 25, 2013
in Cooperative Queries
112
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Devi Lal Verma

I am working in a multistate co-operative society and I have some doubts. My question “is the money of investor safe in a cooperative society? Does any govt (state/central) take responsibility for investor’s money?.

I C Naik

No Guarantee is provided for safety of money invested in Multi State Cooperative Society. Investors’ confidence governs the whole issue.

 

Tags: Co-operativecooperative queriesgovinvestor’s moneyt guarantees
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