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.

0.5 % additional interest to Senior Citizens on Term Deposits for a period of 1 year and above.  

0.5% additional interest on FDRs above Rs.15 lacs for a period above 36 months and above.  

Matching rate of interest on saving accounts as compare to other nationalised banks.Bank normally gives higher rates interest on SB accounts as compare to nationalised banks.  

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 can be sent throughout India .Moreover fund transfers can be done electronically with the help of RTGS/NEFT facility made available by the bank on its own platform.

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 

Secured Loans and Overdrafts upto Rs. One crore are considered on weekly basis by a high powered Loaning Committee(s) constituted by Board consisting of Chairman, Vice Chairman, CEO and 4/5 Directors. 

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.

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.

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. Please see the separate web page for it.  

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/three expert Directors among the shareholders.

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

Recovery of dues from defaulters is affected through Arbitration unlike the Nationalized Banks through Civil Suits, Recovery of loans secured against Property(ies) can be made thru SARFAESI Act.

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.

Yes, Bank issues ATM/Debit cards to its customer on their requests. Bank has installed on site ATM machines in some of its branches. ATM/Debit cards are generally accepted by all banks including private banks in operation within India.

Yes, Bank provides/ facilitates following facilities to its customers.

Pradhan Mantri Suraksha Bima Yojana - Thru M/s Oriental Insurance Co. Ltd. 

Facilitating general public for obtaining PAN cards thru UTIITSL.

General Insurance through M/s. The New India Assurance Company Ltd.

Yes,but limited to viewing only.