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Fixed Deposit

7 %

Individual (366 Days)

7%

Senior Citizen (366 Days)
History of People's Co-operative Bank Ltd Dholka

History of People's Co-operative Bank, Ltd Dholka
According to the instruction given by the Reserve Bank of India for the financial year 2010-11 for provision of 100% from the investment to the Bank, the Madhupura Marchantile Co. operative Bank ltd created the provision from the revaluation reserve of land & building of Rs 3,17,04,942 for the financial year 2010-11.

And the statutory audit has become complited but the investigation of Reserve Bank of India did not accept the provision and so the reverse entry of revaluation reserv was held. The Bank has invested own current year's profit of Rs 1,24,04,902. The Bank has transfered Rs 1,00,000 from the surplus of doubtfull fund, Rs 13,00,000 from additional overdue interest reserve and Rs 80,00,000 from depriciation to reserve for the doubtfull investments.

The Bank has created 100% provision and reserve against the investment of Madhupura Marchantile Co operative Bank Ltd.

=> Public oriented organization.

=> Structure of Co. operative.

=> The management giving services without any personal parpose.

=> Provide all the banking services.

=> Having an object of social services throught finance.

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The national electronic fund transfer (NEFT) system is a nation-wide system that facilitates individuals, firms and corporates to electronically transfer funds from any bank branch to any individual, firm or corporate having an account with any other bank branch in the country. For being part of the NEFT funds transfer network,

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Payment is an indispensable part of our daily transactions, be it a consumer to a business, a business to a consumer or a business to a business.

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A Demand Draft is a much safer and certain method of payment than cheques, since in the case of cheques, an individual is the drawer and hence the cheque can be dishonoured by the drawee bank due to insufficiency of funds in the drawer's account. But since in the case of a DD, the drawer is a bank, payment is certain and it cannot be dishonoured.

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Mobile banking conduct financial transactions remotely using a mobile device such as a smartphone or tablet and fast transactions using Net banking.

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Financial 2023

Share Capital

460++

lakh

Net Profit

201++

lakh

Deposits

16680++

lakh

Advances

8295++

lakh

News & Notification
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