Abhyudaya Cooperative Bank Limited

The Abhyudaya Cooperative Bank Limited is the leading Urban Co-operative Bank in India with 59 branches. It started with a small investment of INR 5000 is doing a wonderful job of making difference to the lives of the people located in Maharashtra and Gujarat. We regularly bring in new financial products, core banking solutions, mobile banking, money transfer, to become an excellence bank. The Motto is ""Prosperity through Co-operation".

Factsheet of Abhyudaya Cooperative Bank Limited

Bank Name	Abhyudaya Cooperative Bank Limited
Founded in	June 1, 1965
Promoters/founders	NA
Headquarter Address	The Abhyudaya Cooperative Bank Limited K K Tower Abhudaya Bank Lane Off G. D Ambedkar Marg Parel Village Mumbai 400012 Maharashtra
Employee's	5000
Type of Bank	Co-operative Bank
Official Website	https://www.abhyudayabank.co.in
Customer Care Number	1800223131

History of the Abhyudaya Cooperative Bank Limited

The Abhyudaya Cooperative Bank Limited is the commitment given by the group of dedicated social workers and activists of the labour class playing a pivotal role in protecting the interest of the weak section of the society. This bank started with a very small amount of INR 5000. It came up near Parel Village and helped poor people living in nearby areas. Later it got converted into an Urban Cooperative bank and during 1965, the new motto was created known as "Prosperity Through Co-operation".

The bank expanded into three states like Gujarat, Maharashtra and Karnataka and became a powerful name in the last 50 plus years. It became a scheduled bank in September 1988 under the Reserve Bank of India and came up in various cities like Aurangabad, Ahmednagar, Ahmedabad, Nasik, Thane, Udupi, Mangalore, Kankavali, Pen, Pune, Raigad, Nanded, Mangalore and others.

The Abhyudaya Cooperative Bank Limited is the ultimate result of the merger of Shree Krishna Sahakari Bank Limited in Vadodara, Manekchowk Cooperative Bank located in Ahmedabad, Gujarat and Janata Cooperative Bank located in Udupi, Karnataka.

Subsidiaries of the Abhyudaya Cooperative Bank Limited

The Abhyudaya Cooperative Bank Limited is the main bank headquartered in Mumbai City in Maharashtra and has done some interesting takeovers like taking over some banks like:

Janata Cooperative Bank located in Udupi.
Citizen Cooperative Bank located in Pune.
Shree Krishna Cooperative Bank located in Vadodara.
Manekchowk Cooperative Bank located in Ahmedabad.

Banking Services offered by the Abhyudaya Cooperative Bank Limited

There are various banking services offered by the Abhyudaya Cooperative Bank Limited and it is given below as follows:

ATM Banking
Tele Banking
Mobile Banking
Rupay Debit Card
Any Branch Banking
Cheque Book Facility
Services to Exporters
Services to Importers
Business Assistance for Government Business

Loans and credit facilities provided by the Abhyudaya Cooperative Bank Limited

There are various loans and credit facilities offered by the Abhyudaya Cooperative Bank Limited and given below as follows:

Personal Loans.
Housing Loans.
Taxi or Auto Loans.
Vocational Educational Loans.
Loans against the Pledging of Gold Ornaments.
Loan and SOD Against the Government Securities.
Abhyudaya Vidya Vardhini Education Loan Scheme.
Pradhan Manthri Awas Yojana Credit Linked Scheme.
Loans for Renovation of Flats, Houses, Shops and Dupleix.
Education Loan for the Higher Education in India and Overseas.
Central Scheme to Provide Interest Subsidies on Educational Loans.

Awards and Recognition

There are various awards obtained by the Abhyudaya Cooperative Bank Limited and given below as follows.

Lokmath Corporate Excellence Award for Brand Excellence in Banking Sector.
Best IT enabled Co- operative Bank’ Award from the reputed IDRBT for the year 2014---2015.

Abhyudaya Cooperative Bank Limited has 112 IFSC connected branches in India. Bank has branches in following states: