Abhyudaya bank

ppt on abhyudaya bank

1. INTRODUCTION IT IS A CO OPERATIVE BANK. IT WAS ESTABLISHED IN JANUARY,1964. THE SHARE CAPITAL IN BEGINNING WAS RS.5000,. WITH 183 MEMBERS IN THE SOCIETY. CURRENT SHARE CAPITAL IS 45.33CR THE PURPOSE IS TO ENHANCE THE HABBIT OF SAVING AMONGST POOR & MIDDLE MAN. THE SECONDARY OBJECIVE IS TO PROVIDE FINANCE TO THE AGRICULTURE & RURAL PEOPLE. IT PROVIDES PLATFORM TO FINANCIALLY UNSOUNDED PEOPLE.

2. FUNCTIONS 1) ACCEPTING DEPOSITS DEPOSITS RATE OF INTREST SAVING 4% CURRENT - RECCURING 4% FIXED 9.75%

3. 2)GRANTING LOAN’S TYPE OF LOAN ABHYUDAYA ICICI BANK DENA BANK PERSONAL 14.5% 16.5% 16% HOME 10.25% 11% 10.50% CAR 10.75% 14.75% 10.75% EDUCATION 12.5-13.5% 11% 14%

4. DIFFERENCS IN INTEREST AMOUNT ABHYUDAYA (14.5%) DENA (16%) ICICI (16.5%) 100000 14500 16000 16500 200000 29000 32000 33000 300000 43500 48000 49500 400000 58000 64000 66000

5. GRAPHICAL REPRESENTATION

6. SERVICES ANY BRANCH BANKING ATM DRAFT ALL OVER INDIA COLLECTION OF OUTSTANDING CHEQUE INTERNET BANKING TELE BANKING SMS BANKING

7. BENEFITS OF BANKING WITHDRAW CASH THROUGH ANY OF BANK BRANCHES ACCEPTING CHEQUE OTHER THAN PARENT BANK LOANS AT LOW RATE OF INTERST. QUICK TRANSACTIONS SPECIAL PLANS FOR LOANS - UDYOG VIKAS SCHEME FOR POOR PEOPLE SATISFACTORY SERVICES PROVIDED

8. OBJECTIVES TO PROVIDE SERVICES TO PEOPLE,,& NOT PROFIT EARNING. TO PROVIDE FRAMEWORK FOR CO OP. GOVERNENCE TO SAVE PEOPLE’S DEPOSTS & PRODUCE BENEFITS FOR THEM TO ACCEPT DEPOSIT & PROVIDE LOANS TO FARMERS TO MANAGE & CONTROL TO OTHER SMALL CO OP BANKS TO PROVIDE LOANS AT CHEAPER RATE TO MIDDLE CLASS PEOPLE TO WORK IN A DEMOCRATIC PRINCIPLE

9. NRI ACCOUNT REQUIREMENT:- PASSPORT 2PHOTOS VISA SERVICE CONTRACT INTREST: 12-24MONTH 2.48% 24-36MONTH 2.64 36-60MONTH 2.84%

10. FOREIGN EXCHANGE ABHYIDAYA BANK IS ONE OF THE SELECTED CO OP BANK TO DEAL IN FOREIGN EXCHANGE BANK HAS TIE UP WITH BOI & UAE EXCHANGE FOR FOREIGN EXCHANGE PURPOSE THE BANK IS USING SWIFT & NEFT TO PROVIDE EFFICIENT & PROMPT SERVICES