Q 1. What is the difference between Cooperative Bank and a Nationalized or other Bank?

Cooperative Bank is promoted by the Shareholders, for their benefit, and is governed by them exclusively whereas other Banks are promoted by Government and or Corporate sector(s) for the benefit of public at large.

Q 2. What are the benefits/ facilities available to members in Kangra Cooperative Bank?
Ans. a)  1 % rebate in interest is given to regular paymasters of the Loans.   

Scholarship to meritorious children of members from 9thth standard onwards upto 12th  onwards. Meritorious awards to children getting 90% and above in 10th and 12th class Board examinations.

1 % additional interest to Senior Citizens on Term Deposits of Rs 10,000/- and above deposited for a period of 1 year and above.  

e) 0.5% additional interest on FDR above Rs.15 lacs. (not applicable to Sr.  Citizens.         
Q 3.

Whether one can have facility of issuance of Pay Order/Draft/ Mail Transfer to any place in India through Kangra Coop. Bank?


Yes, Kangra Bank has made agency arrangements with other Banks through  which Drafts/Mail transfers can be affected throughout India .

Q 4.  How many types of loans are given by Kangra Bank and upto what amount? 
Ans. The following types of loans are disbursed by the bank to the members
a)  Unsecured (Personal ) Loan                                    
b) Secured Loan :           
 i) Housing Loan         
ii) Vehicle Loan     
iii) Machinery Loan
iv) Business Loan
v) Domestic Consumer Goods Loan 
vi) Education Loan       
c) Overdraft facilities               
d)  Loan against Deposits 

The present limit of various types of loans depending upon the value of collateral security offered and income of the member and as per RBI directives is as follows 


* General Loan   Rs 1,00,000/-
* Housing loan       upto Rs 50 Lacs
* For the purchase of all type Vehicles, for Business, Overdraft etc. upto Rs 2 crore 


Q 5. How long bank takes to disburse Loan?
Ans. a) Unsecured (Personal) Loans requests are considered on day to day basis. 

Secured Loans and Overdrafts upto Rs. 30 lacs and Vehicle Loans upto 40 Lacs are considered on weekly basis by a high powered Loaning Committee constituted by Board consisting of Chairman, Vice Chairman, Managing Director and 4/5 Directors. 

c) Secured Loans exceeding above limit s  are considered by the Board at its monthly meeting 
Q 6. Why should one become a member (Share holder)?

Any credit facility in Cooperative Bank is given only to  Share holder of that     Bank. Hence it is necessary to become a Share holder to avail the benefits of credit facilities.

Q 7. Who can become a member (Share holder)?

An individual who resides in the area of operation of the Bank or is gainfully engaged in any occupation in the area of operation provided he/she should not a member of any other Co-operative Bank or a Co-operative credit society . Company or body corporate can also become member.Present area of operation of the Bank is NCTD.

Q 8. How one can become a member (Shareholder)?

One has to apply on a prescribed application form available from the bank free of cost and submit the same along with the required documents to the Branch in which membership is required. After scrutiny of the request , applicant is informed about the outcome and or further course of action.  

Q 9. What is the composition of Board and how it is constituted?

Board consists of fifteen members including Chairman and Vice Chairman  elected through election conducted by Returning Officer appointed by Lt. Governor of Delhi .  There is also a provision for cooption of two expert Directors from among the shareholders.

Q 10. Who regulates Cooperative Banks?

Administratively Cooperative Banks are regulated by Registrar of Cooperative Societies and financial disciplines are exercised by RBI.

Q 11. How the recovery in Cooperative Banks is affected?

Recovery of dues from defaulters is affected through Arbitration unlike the Nationalized Banks through Civil Suits.

Q 12 Can its customers get facility of Bank guarantees or Letter of Credit facility?

Yes , Kangra Bank issue Bank guarantees to its Customers on their request  against 100% security either in the form of FDR or Property to be mortgaged/hypothecated in favour of the Bank. Letter of credit can also be issued through its designated Banks against  mortgage /hypothecation  of property or Deposits in favour of Bank. Charges are levied as decided by the Board from time to time. Customers are advised to get latest information from bank officials before availing of above facilities.


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