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. The bank is in the process of establishing ATM all over the city to cater banking services to its customer round the clock.
Deogiri Mangal Kalash Yojana is the personal loan offered by the bank.
Purpose – Marriage and other religious ceremonies, Medical expenses for Applicant or his /her family members / Foreign Tours
Quantum of Loan – Maximum loan amount is Rs.1.00lakhs
Rate of Interest – Up to Rs.1 lakh the interest rate is 16%; Interest will be applied monthly basis on outstanding amount.
Period – Maximum period for repayment is 60months
Security – Bank will ask for collateral security above Loan Amount of Rs.50000/-
Guarantor – Two guarantors of well means are required
Documents – Applicant: Photo, Photo I D, Residence proof, Income Proof such as Last 3 months Salary slip or Last Three years Balance Sheet and Tax Returns, Quotation or Estimate with evidences
Guarantor: Photo, Photo I D, Residence proof, Income Proof