Loans

Loans are granted by the bank to its members under different schemes as detailed hereunder:

SURETY LOAN

Personal/Surety loans are sanctioned to the members on surety of salaried employees of State/ Central Government, Semi- Government, Public Sector / Reputed private companies and co-operative institutions for small business, self employment, house repair, education etc subject to fulfillment of requirement of the bank.

IMMOVABLE PROPERTY LOAN

Loans for construction of residential houses and for repayment of debts by mortgaging the property can be availed on producing the required documentation of the bank

Maximum of Rs.50 Lakhs is being advanced to member and Nominal members.  The period of repayment of the loan is 180 months.

GOLD LOAN

A maximum of Rs.10,00,000/- is being advanced to members/non members against the pledge of Gold Jewellery.  The period of repayment of the loan is 24 months.

VEHICLE LOAN

75% of the cost of the vehicle is being advanced to members.  This loan is advanced for the purchase of 2 wheelers, 3 wheelers and 4 wheelers.  The period of repayment of the loan is 80 months.

LOANS ON DEPOSITS

Loan / overdraft facility against security of term deposit receipt / pass book will be sanctioned to the depositor (s) to the extent of 85% of the deposit amount / value.

EDUCATION LOAN

Loans are sanctioned for education of children of members on fulfillment of requirements of the bank

The total loans advanced by the bank amounts to Rs.18685.72 lakhs as on 31.03.2015.

Note:  The rates of interest on the above loans are as per the directives of R.B.I issued from time to time.  Advances to priority sector and weaker sections are also in accordance with the RBI Directives.

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

  • General Body Meeting :-> Dt : 20-Dec-2020   GB-MEETING-AGENDA
    November 30, 2020
  • Section-194N
    November 6, 2020
  • Dear Customers,   Due to Covid-19 our bank has taken the decision to shift weekly holiday from Monday to Sunday, Starting 01-07-2020, Kindly  Co-operate, Mahila Co-op Bank Ltd., Bangalore-560020. No Changes in working hours  :   scan0026    
    March 21, 2020
  • Election Results : Click the link to view the Election Results: scan0004 scan0005
    January 24, 2020
  • Our Rajarajeshwarinagar Branch is shifting to following location on Dt: 01-Nov-2019. Mahila Co-Op Bank Ltd., No 34/4, First Floor, Channasandra, Uttarahalli Hobli, Near RNS IT College, Rajarajeshwarinagar, Bangalore-560098  
    September 1, 2019
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GENERAL BODY MEETING AGENDA: 20-DEC-2020

November 30, 2020November 30, 2020
General Body Meeting :-> Dt : 20-Dec-2020   GB-MEETING-AGENDA

Notification : Income Tax Section 194N

November 6, 2020November 6, 2020

Change Of Weekly Holiday

March 21, 2020March 21, 2020
Dear Customers,   Due to Covid-19 our bank has taken the decision to shift weekly holiday from Monday to Sunday, Starting 01-07-2020, Kindly  Co-operate, Mahila Co-op Bank Ltd., Bangalore-560020. No Changes in working hours  :   scan0026    

Election Results

January 24, 2020January 24, 2020
Election Results : Click the link to view the Election Results: scan0004 scan0005

Branch Shifting

September 1, 2019September 1, 2019
Our Rajarajeshwarinagar Branch is shifting to following location on Dt: 01-Nov-2019. Mahila Co-Op Bank Ltd., No 34/4, First Floor, Channasandra, Uttarahalli Hobli, Near RNS IT College, Rajarajeshwarinagar, Bangalore-560098 IMG_20191031_162451