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 or Non Agricultural loans, Business Loans, Home Loans, Vehicle Loans, Education Loans, and Loan 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 offer financial assistance to monthly pensioners
Eligibility – Monthly pensioners up to the age of 75 are eligible for the home loan
Quantum of Loan – maximum of Rs 50,000/-
Rate of Interest – The bank offers pensioner loan at 13%
Security – Surety
Others – We have introduced a golden scheme were the deceased 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.