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Leading Class 1 Super Grade Bank in Palakkad Dist.

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About Us

Ambalapara Service Co-operative Bank Ltd No. F-1512

  • Registered and started functioning as 'Ampalapara Vividodeshya Aikya Nanaya Sangham' under Co-operative Society Act VI, Section 10, at Valluvanad Taluk of Malabar District in 1951.
  • The initial function was to get loan of Rs. 5000 p.a from Co-operative Central Bank for supplying it among the members.
  • Registered as Ambalapara Service Co-operative Bank on 24-01-1964.
  • Started functioning from 24-01-1964.
  • Formed new Governing Committee as Board of Directors instead of the name 'Panchayat Dhar' on 24-01-1964.
  • Started measuring paddy/rough rice from 30-09-1964.
  • Started functioning in own building from 12-02-1966.
  • Opened Ration Stores in Kadambur, Ampalapara, Cherumundassery, Vengassery, Akavanda, and Mulanhur on 13-11-1964.
  • Started sanctioning gold loans in the year of 1968.
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59

Years of operation

100+ Cr.

Amount of Loan Processed

500 Cr.

Annual Turnover

150000+

Happy Customers

Deposits

Fixed Deposits

Fixed Deposit scheme provides you the facility to deposit an amount in the bank for a long time that earns you an interest amount.

Current Account

Current Account is primarily meant for businessmen, firms, companies, public enterprises etc. that have numerous daily banking transactions.

Recurring Deposit

Recurring Deposit offers you a fixed interest on the invested amount at a specific frequency till the pre-determined term or up on maturity.

Savings Bank Account

A savings bank account is a virtual vault that holds your money, allows you to withdraw a certain amount from it, and adds to itself a small amount (as interest) each year.

Dinanidhi Deposit

This scheme is primarily meant for small scale traders. An agent from the bank will go and collect the amount from the traders and deposit in their respective accounts on a daily basis.

Mutual Benefit Deposit Scheme (Chitty)

utual Benefit Deposit Scheme is conducted by an institution and this entity is called the foreman. It is basically a contract between the foreman and the subscribers.

Loans

Gold Loan

This scheme provides loan against the security of gold ornaments at low rate of interest.


Agriculture Gold Loan

Gold loan for agriculture is provided to a farmer to fund seasonal agricultural operations or related activities against the security of gold ornaments.

Housing Loan

Housing loan is available for construction of new house, purchase of new house or house site and extension or renovation of exising house.

Mortgage Loan (LMT)

This scheme provides loan against mortgage of property at low rate of interest for people engaged in trade, commerce & business and also professionals & self employed.

Business and Overdraft Loan

An overdraft is a credit facility permitting an individual to withdraw money from the current account even in case of zero balance.

Kudumbasree Loan

This scheme provides loans for Self Help Groups / Kudumbasree members.

Non Banking Services

Doctors Clinic

We provide the services of well qualified specialist doctors visting our clinic every week.

View Doctors

Neethi Medical Store

Medicines available at a discount from 14% - 60% off

Ambulance Service

Emergency Ambulance Service and Freezer available

+91 9946361100

+91 8593078905

Fertilizer Depot

We operate a fertilizer depot providing manure and pesticides to farmers at a subsidized rate.

Open on all Bank Working Days

9 AM to 1 PM

Contact Us

Working hours:

Ambalapara - 8 AM to 4 PM

Vengassery & Nellikurissi Branches - 8 AM to 4 PM

Evening & Holiday Branch - 2 PM to 7:30 PM (Tuesday Holiday)

Sunday - 9 AM to 1 PM

Location

Ambalapara Service Co-operative Bank Ltd. No. F-1512

Vengassery Road, Ambalapara,
Palakkad - 679512

Ph: 0466 - 2240238

Branches

Vengassery: 0466 2240938

Nellikurussi: 7034 859 523