Ambalapara Service Co-operative Bank Ltd.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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Years of operation
Amount of Loan Processed
Annual Turnover
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
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.
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
Gallery
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