Sutex Cooperative Bank Limited

The Sutex Cooperative Bank Limited was created to assist the poor people and we plan to develop the lives of the shop keepers and the smaller business communities in and around Surat. We are good in offering services like the Education Loan, Future Protection Plans, Locker, Property Loans, Society Accounts, RTGS, Email alerts, NEFT, E-statements, Debit Cards, Savings Accounts, Personal Loans, Email alerts, and the SMS alerts.

Factsheet of Sutex Cooperative Bank Limited
Bank NameSutex Cooperative Bank Limited
Founded inMay 15, 1972
Promoters/foundersLate Shri Surajram Bachkaniwala and Vice Chairman Late Shri Ashabhai Shankarbhai Patel
Headquarter Address

Sutex Cooperative Bank Limited
2nd Floor, Surajram Bachkaniwala Bhavan
Near Navjivan Circle
Udhna Magdalla Road
Surat-395017
Gujarat.

Employee's300
Type of BankCo-operative Bank
Official Websitehttps://sutexbank.in/pages/bank-history/
Customer Care Number261--2630519, 2634702,261 2632027, 2632029

History of Sutex Cooperative Bank Limited

The Sutex Cooperative Bank Limited is also known as the The Surat Textile Traders Co-operative Bank Limited and this bank was established by Shri Surajram Bachkaniwala as he wanted to make a difference to the poor and the middle class in the society. He also wanted to register the bank at a cooperative level and help the small and big textile owners of the city of Surat to manage the business in a logical manner. 

We have 19 plus branches in Surat and also have the Head office to protect the interest of the textile segment in Gujarat. We were the first cooperative bank established in order to give the ATM services to our valuables customers. We offer various schemes to our old customers and bring innovation to our style of working. Due to this reason, the bank deposits has increased and various factors like fluctuating stock markets, inflation, market rates has given less impact on the working of the bank.

Shri Kamal Vijay R Tulsian is the Chairman of the The Sutex Cooperative Bank Limited  and Shri Arunkumar B Kanodia is the Vice Chairman of the The Sutex Cooperative Bank Limited.

Banking Services offered by The Sutex Cooperative Bank Limited  

There are various banking services offered by the Sutex Cooperative Bank Limited and they are:

  • Email Alerts.
  • E-Payments.
  • Fixed Deposits.
  • Funds Transfer.
  • Locker Service.
  • S M S Banking.
  • Online Banking.
  • Bank Guarantee.
  • Current Account.
  • Savings Account.
  • Stamp Franking.
  • Internet Banking.
  • Insurance Service.
  • Recurring Deposit.
  • Cyber Fraud Alert.
  • Utility Bill Payments.
  • Senior Citizens Services.
  • Online Tax Payment Service.
  • Personalised Bank Passbook.
  • Personalised Cheque Book Facility.
  • Corporate salaries of different Hospitals and Organisation.
  • Registering for the Government Schemes like PMJDY, PMSBY and the Atal Pension Yojana.

Loans and credit facilities provided by The Sutex Cooperative Bank Limited

There are various credit facilities and loan services offered by the Sutex Cooperative Bank Limited and they are:

  • Gold Loan.
  • LIC  Loans.
  • Term Loan.
  • Vehicle Loan.
  • Housing Loan.
  • Property Loan.
  • Personal Loan.
  • Business Loan.
  • Mortgage Loan.
  • Consumer Loan.
  • Cash Credit Loan.
  • Machinery Loans.
  • Education Loans.
  • Agriculture Loans.
  • Retail Trade Loan.
  • Holiday Tour Loan.
  • Professional Loan.
  • Factory Shed Loan.
  • Loan for Textile Importers and Exporters.

 

 

 

Sutex Cooperative Bank Limited has 21 IFSC connected branches in India. Bank has branches in following states:

  • GUJARAT
  • MAHARASHTRA

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