The Kozhikode District Co-operative Bank Limited, (erstwhile Malabar Co-op Central Bank Limited known as MCC Bank) was registered and started functioning on 03.12.1917.
In the beginning, the name of the Bank was Malabar District Co-operative Bank Ltd., registered under Section 9 of Act II of 1912(India). Initially, the area of operation of the Bank was extended to the whole of the former Malabar District of the Madras State.
With the reorganization of Indian States, the state of Kerala came into existence in 1956 by combining Travancore, Cochin, Malabar and Kasaragod Taluk in South Canara. At the time of formation of Kerala State, there was only one Co-operative Central bank.
The membership of the Bank transferred from Madras State Co-op Bank to Kerala State Co-op Bank. In the year 1958 name of the Bank changed as Malabar Co-operative Central Bank Limited, The bank involved in offering home loan, personal loan, education loan, gold loan, business loan etc to its customers.
Purpose – To offer loan for a short period on the security of Gold Ornaments through various branches spread over the District Loan for Consumption and Agricultural Purposes
Eligibility – Salaried, professional or self employed capable of repaying the loan
Quantum of Loan – Up to 1.5lakhs for agricultural purposes
Period – Loan period will be 3 months, 6 months, 1 year
Others – No hidden charges