The Bank was established on 24th January 1984. The Bank Operates through it’s Eleven Branches, a state of Art Training Centre, A Modern Data Centre, and Head Office. All the Offices are air conditioned, well equipped, fully computerized and interconnected. Deogiri Bank is the first bank in Marathwada to opt core banking pattern for its working.
Deogiri KrishiPat Yojana is the agricultural Loans Scheme offered by the bank to offer financial support to the famers associated with the bank. Apart from this the bank also offers home loan, personal loan, loan against gold, educational loan etc.
Purpose – To satisfy the needs of the farmers associated with the Bank
Loan Amount – Scale of finance approved by Board of Directors (Based on NABARD norms); In case of term loan 70% of total project
Rate of Interest – Card Rates applicable (p.a.) Interest will be applied monthly basis on outstanding amount.
Period – Maximum period for repayment is 36months (Subject to Bank rule); Maximum period for repayment is 60months
Security – Agricultural Land 3 times the value of loan amount
Guarantor – Two Guarantors of well means are required
Documents – Applicant : Photo, Photo I D, Residence proof, Income Proof, Gold, 7/12 extracts, Pher Phar, Chtusima, Valuation from Agricultural Valuer, Quotations, Project report
Guarantor: Photo, Photo I D, Residence proof, Income Proof