The Kaduthuruthy Urban Co-Operative Bankhas 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 Loan, 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 – The loan is offered to owners of Auto Rickshaw owing Car, Jeep, and other Four Wheelers
Eligibility – Owners of Auto Rickshaw owing car, jeep, and other four wheelers are eligible to receive the loan
Quantum of Loan – The bank offers a surety loan for a maximum of Rs50000/-
Rate of Interest – The rate of interest is 13%
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.