The Irinjalakuda Town Co-operative Bank Ltd No.55 was registered as a co-operative society on 3rd May 1918 and started functioning on 19th July 1918. It came under the purview of Co operative societies Act and Rules of 1969 as a primary non agricultural credit society and it developed into URBAN BANK in November 1996.
Irinjalakuda Town Co operative Bank plays a prominent role in the local banking activities. The bank’s annual reports show increase in deposits, lending, profitability membership, share capital and working capital, staff and their services. Considering deposits, higher rates of interest are given.The share holders are given adequate dividends. Now the rate of dividend is 10%.Read More
As per the guidelines issued by RBI, moratorium facility may be availed by individual and small businesses
from the bank subject to the terms and conditions specified in the Resolution Frame work -2.
Facility is available for a maximum period of 2 years the last date of availing the facility being Sept 30 2021.
Last date of invocation is Sep 30, 2021.
Irinjalakuda Town Cooperative Bank
Irinjalakuda Town Cooperative Bank - "Better Banking Better Life"
Revised interest rate on Term Deposits with effect from 9th August 2021
The Director Board of the Bank has resolved to revise the interest rates on loans and advances with effect from 1st March 2021* Simple Interest