Company overview

Nagalassery Service Co-operative Bank is one of the leading service co-operative bank in kerala, in its outlook and approach, has the object of progress and prosperity of all. From a humble beginning on 28th June 1964 as a co-operative society with a share capital of nearly Rs. 2500 held by 25 A class members. The Nagalassery service co-operative bank has become one of the leading service co-operative bank. Currently, the capital base us the bank stands of Rs.1.52 crore ,in which 46.65 lakh A class share capital, 11.45 lakh B class share capital,1.1lakh C class share capital 1.04 crore D Class share capital

The bank has 26474 members and 25764 Depositors. The Bank has been achieved an enormous growth in deposits. The deposits of the bank are over Rs.7487 Lakh as on 31-01-2018. The loans and advances stood at Rs.6400 Lakh as on 31-01-2018. The growth rate of the bank as compared to other in this sector was well. The bank has launched different loan schemes made to suit the prosperity of its members. The scheme is aim at providing loans for the growth of the agricultural sector, repair/renovation of house property. Interest free paddy loan designed for the benefit of small and marginal farmers. The bank has total three branches. The Head office and three branches are fully computerized and Air conditioned. Our bank has always endeavored for providing satisfactory customer service the help of the latest technology. The one of the most important feature is that our all branches are under core banking. This helps the customers to withdraw cash and all transactions from any branch without any delay. Our bank recently launched SMS banking facility and RTGS/NEFT facility. This also facilitates our customers to transfer their funds to other banks. Our evening branch plays a better role, Our customers can do their banking transactions between 9 Am to 7 Pm.