Credit Cooperative Society
Collection Software
FinSolis sets up mandates. FastFee recovers after a mandate fails. UPI AutoPay + eNACH for your members' loan EMIs and RD installments — with a full retry, re-mandate and field collection loop when digital fails.
Member → Loan/RD due → UPI AutoPay/eNACH → debit → failure → retry → field collection → receipt → reconciliation → overdue recovery
End-to-End Collection Workflow
From mandate setup to field recovery — every step in one system.
Mandates fail 12–25% of the time — what happens next is the problem
AutoPay mandate tools automate the first debit. But cooperative societies face real volume in failures — insufficient balance, bank rejections, expired mandates. FastFee owns the recovery loop: retry on D+1 and D+3, re-mandate if expired, WhatsApp reminders with payment link, field agent assignment when digital fails, offline cash/UPI receipt and reconciliation back to the member ledger. That is the gap mandate-only tools leave open.
Recovery Timeline After AutoPay Failure
Every failed debit triggers a structured sequence — not manual follow-up.
Built for Credit Cooperative Society Operations
Urban cooperative banks
Monthly loan EMI collection from members via AutoPay. Failed mandates → field agent assignment. CBS-compatible reconciliation export.
Credit cooperative societies
RD installments, loan EMIs and membership fee collection in one system. Location-wise outstanding and overdue aging.
MFIs / microfinance lenders
Weekly or monthly EMI collection from borrower groups. Digital-to-field recovery when AutoPay fails. Group-wise disbursement and repayment tracking.
Chit fund operators
Monthly chit installment collection from subscribers. Mandate setup, failed debit follow-up and overdue subscriber reports.
Frequently Asked Questions
What is credit cooperative society collection software?
Credit cooperative society collection software automates recurring EMI and RD collections from members using UPI AutoPay or eNACH mandates. When a mandate debit fails, it manages retry, re-mandate and field agent assignment so the society recovers dues without manual follow-up.
How does UPI AutoPay work for cooperative society collections?
The member sets up a one-time UPI AutoPay mandate for their EMI amount and due date. FastFee auto-debits the account on the due date every month. If the debit fails (insufficient funds or bank rejection), FastFee triggers a retry cycle and, if unresolved, assigns the account to a field agent for offline collection.
What happens when a cooperative society member misses an EMI payment?
FastFee runs a structured recovery workflow: same-day WhatsApp reminder, D+3 follow-up, promise-to-pay logging, D+7 escalation, partial payment recording and field agent assignment if the digital channel fails — so every overdue account has a visible status and next action.
How is FastFee different from FinSolis for cooperative societies?
FinSolis focuses on the mandate and AutoPay infrastructure layer. FastFee extends beyond mandate setup: it covers the full recovery lifecycle after an AutoPay fails — retry, re-mandate, digital reminders, promise-to-pay tracking, partial payment recording and field agent escalation — so societies recover dues even when mandates fail.
Can FastFee handle both loan EMI and recurring deposit (RD) collections?
Yes. FastFee supports different recurring due types — loan EMIs, RD installments, membership fees — each with its own due date, amount and mandate. Collections, failures and outstanding balances are tracked separately per product type.
Automate Cooperative Society Collections — and Recover When AutoPay Fails
FastFee sets up UPI AutoPay and eNACH mandates for your members — and runs the full recovery loop when a debit fails.