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7/30/2019 Abhyudaya Bank (1)
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7/30/2019 Abhyudaya Bank (1)
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INTRODUCTION
IT IS A CO OPERATIVE BANK.
IT WAS ESTABLISHED IN JANUARY,1964.
THE SHARE CAPITAL IN BEGINNING WAS RS.5000,.WITH 183 MEMBERS IN THE SOCIETY.
CURRENT SHARE CAPITAL IS 45.33CR
THE PURPOSE IS TO ENHANCE THE HABBIT OF
SAVING AMONGST POOR & MIDDLE MAN.
THE SECONDARY OBJECIVE IS TO PROVIDE FINANCETO THE AGRICULTURE & RURAL PEOPLE.
IT PROVIDES PLATFORM TO FINANCIALLYUNSOUNDED PEOPLE.
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FUNCTIONS
1) ACCEPTING DEPOSITS
DEPOSITS RATE OF INTREST
SAVING 4%CURRENT -
RECCURING 4%
FIXED 9.75%
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2)GRANTING LOANS
TYPE OF
LOAN
ABHYU
DAYA
ICICI
BANK
DENA
BANK
PERSONAL 14.5% 16.5% 16%HOME 10.25% 11% 10.50%
CAR 10.75% 14.75% 10.75%
EDUCATION 12.5-13.5% 11% 14%
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DIFFERENCS IN INTEREST
AMOUNT ABHYUD
AYA
(14.5%)
DENA
(16%)
ICICI
(16.5%)
100000 14500 16000 16500
200000 29000 32000 33000
300000 43500 48000 49500
400000 58000 64000 66000
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GRAPHICAL REPRESENTATION
0
10000
20000
30000
40000
50000
60000
70000
100000 200000 300000 400000
ABHYUDAYA
DENA
ICICI
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DIFFERENCE IN INT.
ABHYUDAYA
DENA
ICICI
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SERVICES
ANY BRANCH BANKING
ATM
DRAFT ALL OVER INDIACOLLECTION OF OUTSTANDING CHEQUE
INTERNET BANKING
TELE BANKINGSMS BANKING
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BENEFITS OF BANKING
WITHDRAW CASH THROUGH ANY OF BANK
BRANCHES
ACCEPTING CHEQUE OTHER THAN PARENT BANK
LOANS AT LOW RATE OF INTERST.
QUICK TRANSACTIONS
SPECIAL PLANS FOR LOANS-UDYOG VIKAS
SCHEMEFOR POOR PEOPLE
SATISFACTORY SERVICES PROVIDED
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OBJECTIVES
TO PROVIDE SERVICES TO PEOPLE,,& NOT PROFITEARNING.
TO PROVIDE FRAMEWORK FOR CO OP. GOVERNENCE
TO SAVE PEOPLES DEPOSTS & PRODUCE BENEFITS FOR
THEM TO ACCEPT DEPOSIT & PROVIDE LOANS TO FARMERS
TO MANAGE & CONTROL TO OTHER SMALL CO OPBANKS
TO PROVIDE LOANS AT CHEAPER RATE TO MIDDLECLASS PEOPLE
TO WORK IN A DEMOCRATIC PRINCIPLE
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NRI ACCOUNT
REQUIREMENT:-
PASSPORT
2PHOTOS VISA
SERVICE CONTRACT
INTREST:
12-24MONTH 2.48%
24-36MONTH 2.64
36-60MONTH 2.84%
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FOREIGN EXCHANGE
ABHYIDAYA BANK IS ONE OF THE SELECTED CO
OP BANK TO DEAL IN FOREIGN EXCHANGE
BANK HAS TIE UP WITH BOI & UAE EXCHANGE
FOR FOREIGN EXCHANGE PURPOSE THE BANK
IS USING SWIFT & NEFT TO PROVIDE
EFFICIENT & PROMPT SERVICES
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