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  ABHYUDAYA CO-OPERATIVE BANK LTD.
  MULTI STATE SCHEDULED BANK
   

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Wednesday, 02-Sep-2015  03:57:56 PM
 
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Success Story of Abhyudaya Bank
 
 
The Beginning :

A dedicated group of social workers and labour movement activists, imbued with the spirit of service to the cause of mill workers, other industrial and hitherto neglected economically weaker sections of society started Abhyudaya Co-op. Credit Society Ltd. in 1964, with a small share capital of Rs. 5,000. The area of Kalachowki, Sewri, Parel and their surroundings were predominantly populated by low income industrial labour and lower middle class people at that time. In a short period of time Abhyudaya Co-op. Credit Society got converted into an Urban Co-op. Bank. Finally in June 1965, Abhyudaya Co-op. Bank Ltd. was established with the motto of "Prosperity through Co-operation".

A Forward March :

The Bank was conferred with Scheduled Bank Status by Reserve Bank of India in September 1988. Over a span of 51 years, it became one of the leading Urban Co-op. Bank in the country with branches in Metropolitan Mumbai, Navi Mumbai, Pune, Thane, Raigad, Nagpur, Nashik, Nanded, Kankavali, Aurangabad, Ahmednagar & Pen in Maharashtra State, Vadodara and Ahmedabad in Gujarat State, Udupi and Mangalore in Karnataka State. On 11th January, 2007 the Bank was registered as a Multi­State Co-op. Bank by the Central Registrar, New Delhi. The area of operation of the bank is confined to 3 States - Maharashtra, Gujarat and Karnataka. The Bank further proposes to extend its area of operation to other States. The merger of Shree Krishna Sahakari Bank Ltd., Vadodara, Gujarat State, Janatha Co-op. Bank Ltd., Udupi, Karnataka State and Manekchowk Co-op. Bank Ltd., Ahmedabad, Gujarat State has been effected.

Mission

To continuously strive for synergy between technology, systems & human resources for providing products & services that meet the quality, performance & aspirations of the vast clientele & to maintain the highest standards of ethics & societal responsibilities, constantly innovate products & processes & develop teams that keep the momentum going to take the Bank to excellence.
 
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What's Latest
Our bank has framed Customer Rights Policy in BoardMeeting held on17/6/2015 to protect the customer
Guidelines for claim of Unclaimed Deposit & to activate Inoperative Accounts for 10 years & more.
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List of Unclaimed Deposits & Inoperative Accounts for 10 years & more.
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PradhanMatri Jeevan Jyoti Bima Yojana & PradhanMantri Suraksha Bima Yojana Salient feature..
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Regarding deduction in TDS for Depositors
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arrow CHANGES IN TDS PROVISIONS IN BUDGET 2015- Click here
 

arrow While booking online Tickets through IRCTC website with the help of RuPay Debit Card, Use RuPay card (Powered by Kotak Bank) under option payment gateway / credit card .

 
arrow Charges for Transactions inclusive of Financial & Non Financials on other Banks ATM in a calendar month Rs.20 per transaction inclusive of service tax.For Savings Bank account holders Five such transactions are free in a calendar month.
 

arrowFor security reasons Bank has decided to block the ATM card of person not using card for more than 5 years. Old ATM card holders are requested to apply for new RUPAY Debit card & surrender the old ATM card to branch.

 

arrowAll the account holders are requested to use only 15 Digit Account Number for their fund transfer through NEFT & RTGS w.e.f. 10th Aug. 2014

 

arrow The Rules for Renewal of Term Deposit stands revised w.e.f. 15.04.2014 :-Click here

 
arrow    BANK's POLICY (click Here)