The Kaduthuruthy Urban Co-Operative Bank has a banking experience of about half a century. It was registered on November 14th 1973 with 323 Members and a share amount of Rs 17900/-as working Capital.
The Bank was successful in increasing its deposits by introducing attractive deposit schemes like Current Account, Savings Account, Fixed Deposit Account, Nithya Vardhini Deposit Account, Recurring Deposit account, Anugraha Cash Certificate, Akshya Deposit Scheme etc. The Members can avail Agricultural /Non Agricultural loans, Business Loans, Home Loan,Vehicle Loans, Education Loans, and Loans for Self Employment purpose etc. And they are sanctioned at the earliest possible.NRE Banking has also been facilitated at all our branches.
Purpose – To provide loan to the labours with permanent income
Eligibility – Workers with permanent income are eligible for the loan
Quantum of Loan – The maximum amount of loan offered by the bank is Rs.5000/
Repayment Period – 36 months
Rate of Interest – The rate of interest at which the bank offers labour loans is 13%
Others – The bank offers a golden scheme were the ceased loanee maintaining a no due loan account shall receive an amount of Rs 25,000/- credited in his loan account from the bank’s side.