Sri.K.Veera Reddy, Ex MLA
- Gold Loans
- Personal Loans
- Vehicle Loans
- Long Term Agriculture Loans
- Retail Banking Loans
- Fixed Deposit
- Kamadenu Deposit
- Marriage Deposit
- Cash Certificate
- Recurring Deposit
WELCOME TO DCCB MAHABUBNAGAR
FORMATION OF BANK:-
A. The District Cooperative Central Bank Ltd., Mahaboob Nagar was formed and registered under cooperative societies Act 1912 on 27.03.1920 with Register No:20942 for providing the financial help at village level co-operative societies for their agriculture requirement .Now the bank is governed by APCS Act 1964 and byelaws registered under the APCS Act 1964.
As per the byelaw no.5 of registered byelaws of all the PRIMARY AGRICULTURE COOPERATIVE SOCIETIES and other COOPERATIVE SOCIETIES functioning in the district will be the ‘A’ class shareholders. ’A’ class shareholders will have voting rights for managing committee .The individual members will be ‘B’ class members.
|1||Name of the Bank, Registration Number and Address||The District Cooperative Central Bank Ltd., MahaboobNagar. H No:1-6-144/5A,post box no:14,MahaboobNagar -509001|
|2||Date of Registration||27th March 1920|
|3||Date of starting||27th March 1920|
|4||Name of the Financing Bank||TELANGANA STATE COOPERATIVE APEX BANK LTD.HYDERABAD|
B. The reserve bank of India has granted licence U/S 22(1) read with section 56(0) of the banking registration Act 1949 to commence and carryon banking business vide RBI licence no RPCD(H) COOP/20/08-08-03/2011-12 Dated April 16th 2010.
The bank has fully computerised its all 20 branches and servicing the customers in a better way.
The bank is lending for short term loans i.e. ; SAO crop loans and for long term ,the branch lending for following purpose. The branch will lend loans by mortgaging agriculture land through PACS and Direct loans also.
The bank is having PDC and it is trying to change the PACS in the M.S.C( MULTI service centres).The branch has accredited go downs and they are successfully running .For which formers are getting benefits and all the DCCB branches.Read more