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  • Cooperative Bank: Finance Function

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    A cooperative bank is owned and operated by its members, who are both customers and owners. Cooperative banks provide banking and financial services like loans, deposits, and accounts to their member-owners. They offer common banking products and services such as savings and checking accounts, fixed and recurring deposits, and loans for purposes like home needs, education, housing, farming, cattle, small businesses, and personal finance to both rural and urban members.

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    A cooperative bank is owned and operated by its members, who are both customers and owners. Cooperative banks provide banking and financial services like loans, deposits, and accounts to their member-owners. They offer common banking products and services such as savings and checking accounts, fixed and recurring deposits, and loans for purposes like home needs, education, housing, farming, cattle, small businesses, and personal finance to both rural and urban members.

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    55 views2 pages

    Cooperative Bank: Finance Function

    Uploaded by

    KaranPatil
    A cooperative bank is owned and operated by its members, who are both customers and owners. Cooperative banks provide banking and financial services like loans, deposits, and accounts to their member-owners. They offer common banking products and services such as savings and checking accounts, fixed and recurring deposits, and loans for purposes like home needs, education, housing, farming, cattle, small businesses, and personal finance to both rural and urban members.

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    © All Rights Reserved
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    Cooperative bank

    INTRODUCTION
    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. Cooperative banks are often created by persons belonging to the same local or
    professional community or sharing a common interest. Co-operative banks
    generally provide their members with a wide range of banking and financial
    services (loans, deposits, banking accounts...). A bank that holds deposits makes loans

    and provides other financial services to and Cooperative member-owned organizations. Also
    known as banks for Cooperatives.

    PRODUCTS AND SERVICES


    DEPOSITS
    Saving Bank Account, Current Account, Recurring Deposits, Fixed Deposits,
    Cash Certificate

    LOANS
    Loans to Salaried employees, Home Needs Loan, Loan to Pensioners,
    Education $ Housing Loan.

    SERVICES
    Clearing, Safe Deposit Locker, ATM, Demand Draft/Pay Order.

    Finance Function
    1. Cooperative banks in India finance rural areas under:
    Farming Cattle, Milk, Personal finance.

    2. Cooperative banks in India finance urban areas under:


    Self-employment, Industries, Small scale units, Home finance Consumer
    finance, Personal finance

    INTERST RATE
    ABHUDHAYA BANK 13.50%

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