Mankada Pallipprom Service Co-operative Bank, Malappuram District

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The Mankadapallipprom Service Co-operative Bank was started as Paraspara Sahaya Sahakarana Sangam on12th July 1917, as it registered as service co-operative bank on 18th September 1961 and started banking transactions on 20th January 1962 by the Koottilangadi Grama Panchayat limits as its region of operation. Our motto is to increase in the field of Agriculture, and Savings in the Gramin people.

Contact Details:

Phone    :   914933 240012
MOB     :   919446880565
E-mail    :   mankadapallipromscb@hotmail.com
E-mail    :   servicedesk@mankadapallippuramscbank.com

How to reach:

Padinhattummuri (P.O),
Malappuram
Pin - 676506


 The Bank has completed enormous development in the banking activities. We provide maximum facilities to our customers. Already the Bank grants a good number of interesting deposit schemes and loan plans. Bank started its primary branch in the Koottilangadi town in 2010. Our bank is the first bank give core banking in the cooperative banking sector in Peritalmanna Thaluk.

As per the audit report for the financial year 2004 – 2005, the bank is execution in profits. From a Class “4” bank in March 31st 2004, now the bank has as a “Class 1 Special bank” from 1st April 2012.

Our Features

Deposits

Any person can open an account without any initial deposit and you don’t bother about too much official procedure. The Bank provides cheque facility for simple transactions. The following are our deposit schemes

Fixed Deposit
100% safety and maximum rate of interest for fixed deposit, plus 0.5% for senior citizen.


NRO Deposit
This is a very practical deposit plan for NRI s to transfer their money from foreign countries. Within 48 hours this amount will transferred to their own account.

Vidhya Nithi Deposit
This is a smart savings option for Students. The attractive facility of this deposit is that you can deposit even Rs. 10/- as part of savings. Any students under the age of 18 can join this scheme. If the amount reaches Rs. 10,000/- when the depositor turns 18, the same account will be transferred to fixed deposit.

Nithya Nidhi Scheme
Our Daily collection Agent will collect the amount from depositors using their palm tech machines. It also used for repayment of members loans.

Recurring Deposits
You can deposit a particular amount (multiples of Rs. 50/- monthly) for 12, 24, 36, 60 months. Once the deposit grown-up you will be returned the deposited amount plus the interest.

Savings Account
This is another easiest saving option. Anybody can start savings account by depositing any amount.

Loans

Gold Loan
We are providing Gold loans for agricultural and non agricultural requirement at very low interest rate. Interest calculated only for loan balance and loan days.

Agricultural Loan
As a service Coperative bank, we support farmers by granding loans available for agricultural purposes at very low interest rates.

Property Loan
You can assurance your property and take a loan up to 10,00,000/- You can even gain the services of our daily collection agents for repaying the loan.

House Loan
The bank supplies loans up to Rs.5,00,000/-( For 5 years ) to build houses or conducting repair works. You can even avail the services of our daily collection agents for repaying the loan.

Personal Loan
Personal Loans can be taken if you have any official as a guarantor. We Provides flexible services and law interest rate for personnel loans in service cooperative bank.

Business Loans
With two other members’ surety and very little paper work you can take a loan up to Rs. 50,000/-. You have the facility to repay the loans through our daily collection agents.

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