Originated as a village co-operative society in 1958, which in later years was converted as a Service co-operative bank during the year 1961. On March 20th 1975, the bank was again upgraded as an Urban bank. The area of operation of the Bank is spread over 16 Panchayats of the Kottayam District. The bank is one of the top 5 urban banks in the State and first in the District.
Valuable assets such as gold, various documents, and other precious items need an improved level of security which bank lockers offer. These lockers have multiple locks and can only be opened in the presence of both the user and the bank.
NEFT is a commonly used electronic money transaction method without withdrawing cash. The transfer can occur via accounts of the same branch or on different branches in different batches.
Cash withdrawals around the clock can be done by locating your nearest ATM. You need your ATM card issued by the bank to use the ATM machine which is secured by a password.
To enable cash withdrawal from ATMs, you require an ATM Debit Card which is issued by your bank based on your account. The withdrawal limit depends on the type of account you get started with.
Online shopping and other online transactions can be done at any place without the use of cash in hand. Point of Sale bridges your buy/sell Ecommerce process without losing money and cash gets credited/debited instantly.
Bringing the payment process to a single channel, the Government of India has implemented the use of Aadhaar Number in transactions. It saves time, reduces bank visits and removes mediatory agents.
For transferring higher amounts, the option RTGS is suitable. The beneficiary can be credited at the end of the transaction in real-time in a single batch. Up to a sum of 2 lakh can be transferred in a single cycle via RTGS!
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