Deposits

The bank has formulated various kinds of deposits schemes in order to suit the needs of all its members and for senior citizen 0.5% additional interest is paid on all slabs. The details of the schemes are hereunder.

RECURRING DEPOSIT SCHEME

Recurring deposit is an ideal deposit scheme and beneficial to salaried class, monthly wage earners and those who are having monthly income for saving a fixed amount every month and obtaining handsome amount at the end of the selected period.

This scheme is meant for the low income group wherein small amounts with minimum installment of Rs.100/-  paid every month by the subscribers for a fixed period ranging from 12 months to 120 months.  The interest payable on this deposit is cumulative (quarterly compounded).

MAHILA NIDHI

Mahila Nidhi deposit’ is a re-investment scheme deposit in which the interest is capitalized at quarterly rests and the principal amount with accrued compounded interest is paid to the depositor on maturity.

Is issued for minimum amount  of Rs.100/- the period of maturity varies from 12 months to 120 months. The interest payable on this deposit varies from 9.00 % to 10.0%.

FIXED DEPOSITS

Fixed deposit shall be accepted for periods with a minimum of 31 days and maximum of 10 years. The minimum amount of deposit shall be Rs.1000/- and there is no maximum limit. The rate of interest payable for various periods of deposits shall be as fixed by the Board of Directors from time to time.

CHILDREN WELFARE DEPOSIT

This is a Savings scheme meant only for children where there is no restriction on either the amount of deposit made or the time limit.  The option is left to the subscriber who can invest any amount at any time for any period.  No withdrawals from the deposit are permitted till the date of Maturity.  The bank pays an interest ranging from 5.0% to 10.00% on this deposit.

SAVINGS BANK DEPOSIT

SAVINGS BANK A/C It is an operative account which is opened by an individual in his own name or jointly with another person or persons and a minor person through his guardian;

PROVIDENT DEPOSIT

This deposit is accepted only from the persons seeking membership of the Bank. This deposit is not accepted in joint names and in minor’s name.

CURRENT ACCOUNT

Current account is an operative account and it will be opened for business purposes or facilitating large transactions

Note:

DICGC DEPOSIT INSURANCE CREDIT GUARANTEE CORPORATION: Deposit or aggregate deposits up to Rs.1 lakh in the names of individuals with Urban Co-operative Banks are covered by insurance with Deposit Insurance and Credit Guarantee Corporation of India.

Memberships

A co-operative bank is a financial entity which belongs to its members, who are at the same time the owners and the customers of their bank.

MCB as 15,061 members and the paid up share capital is Rs.1073.27 lakhs as on 31.03.2015.

  1. Regular Membership.
  2. Associate Membership.
  3. Nominal Membership.

SHARE CAPITAL

The authorised share capital of the bank is Rs.25000 lakhs.  The bank is now making all efforts to admit more and more women from all sections of society to become its members and hopes to achieve the target it has set for itself in reaching the limit of authorised share capital in the next few years.

Loans
  • Surety Loan
  • Immovable Property Loan
  • Gold Loan
  • Deposits Loan
Interest Rates
Deposit Schemes
Service Charges

Coming soon....

Internet Banking

Coming Soon

home loan

RTGSNEFT

News & Updates

  • Bank General body meeting will be held on 22-09-2019 at Sri Rama Kalyana Mantapa, Coconut Avenue Raod, Malleshwaram, Bangalore-560003. All Regular members are invited for the meeting, We honour  our members children who have scored 80/- and above in SSLC & PUC (2019), Please contact your branch...
    September 1, 2019
Web Design MymensinghPremium WordPress ThemesWeb Development

General Body Meeting

September 1, 2019
Bank General body meeting will be held on 22-09-2019 at Sri Rama Kalyana Mantapa, Coconut Avenue Raod, Malleshwaram, Bangalore-560003. All Regular members are invited for the meeting, We honour  our members children who have scored 80/- and above in SSLC & PUC (2019), Please contact your branch for further details. last date for submission of application 10/09/2019.Customers requesting to submit latest KYC documents along with contact number.IMG_20190908_115953