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Get to know Lokmanya Multipurpose Co-Op. Society Ltd

Founded in 1995 in Belgaum, Karnataka, Lokmanya Multipurpose Co-Op. Society Ltd. operates under the Multi-State Co-operative Societies Act of 2002. The society's primary mission is the socio-economic upliftment of its members by encouraging thrift, self-help, and cooperation. It offers a variety of financial products similar to traditional banks, including different types of deposit schemes, gold loans, and other credit facilities, exclusively for its member base across several Indian states.

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Lokmanya Multipurpose Co-Op. Society Ltd

India

Founded in

1995 (31 Years)

Founded

Last online: No recent activity

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Markets.com

(326 reviews)

United States

2008

(18 years)

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A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.