
Savings Deposit
Daily Deposit
Recurring Deposit
Term Deposit
MIS Deposit
Lakhpati Deposit
Damduppat / Double Deposit
Balvikas Deposit

Personal Loan
Business Loan
Loan against Deposit Daily/Recurring/Fixed
Gold Loan
Machinery Loan
Property Mortgage Loan
Vehicle Loan

MSEDCL Collection Centres

A basic savings account that allows members to deposit and withdraw money whenever needed, while earning interest on the balance. It offers safety, liquidity, and convenience for everyday financial needs.
A scheme designed for small savers who can set aside tiny amounts on a daily basis. These small savings gradually build up into a larger sum with interest, making it ideal for shopkeepers, traders, and self-employed individuals.
A disciplined savings option where a fixed amount is deposited every month for a chosen period. On maturity, the depositor receives the accumulated amount with interest, making it perfect for planned future expenses like education, marriage, or asset purchase.
A lump sum investment placed for a fixed duration at a fixed interest rate. It offers higher returns than a regular savings account and ensures complete safety of funds, suitable for those seeking secure and guaranteed growth.
A deposit where interest is paid out every month in advance (post dated cheques), while the principal remains invested until maturity. It provides steady, predictable income and is especially useful for retirees, homemakers, or anyone looking for regular cash flow.
A goal-based savings scheme where small amounts are deposited monthly. Over time, these savings grow into at least ₹1,00,000 (a “lakh”) or multiples of lakhs at maturity, helping members achieve financial milestones with ease.
A long-term investment plan where the deposited amount doubles after a fixed tenure, usually 7–10 years depending on prevailing interest rates. It is best suited for those who want assured long-term growth without market risks.
A children-focused savings scheme that helps parents or guardians build a secure fund for their child’s future. Regular deposits accumulate into a sizeable corpus for education, higher studies, etc.

A multi-purpose loan designed to meet personal needs such as medical expenses, education, travel, or family functions. It is usually unsecured, quick to process, and offers flexible repayment options.
A loan provided to support business requirements like working capital, inventory purchase, shop renovation, or expansion. It helps entrepreneurs and traders grow their business smoothly with convenient repayment terms.
A secured loan facility where funds are borrowed against existing deposits. Members can avail a loan without breaking their savings, while continuing to earn interest on the deposit.
A quick loan provided against pledged gold ornaments or coins. It offers instant funds at attractive rates, with the gold kept safe until repayment.
A financing option for purchasing or upgrading machinery and equipment to improve business efficiency. It enables industries, manufacturers, and traders to modernize operations.
A secured loan where residential or commercial property is mortgaged to obtain funds. It is suitable for meeting large financial needs such as business expansion, education, or other major expenses.
A loan to purchase two-wheelers, cars, or commercial vehicles, available for both new and used vehicles. Flexible repayment options make it easier for members to own a vehicle without heavy upfront payments.

To serve our members and the community, we operate authorized Maharashtra State Electricity Distribution Co. Ltd. (MSEDCL) bill collection centres at our Airoli and Badlapur branches. Customers pay their electricity bills quickly and securely with the assistance of our staff.