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• The Malad Sahakari Bank Ltd

The Malad Sahakari Bank Ltd

The Malad Sahakari Bank Limited was started in 1968 to protect the interest of the middle class of the society. We have more than 10 plus branches operating out of Malad and offers services like the Savings Account, Gold Loans, Corporate Loans, RTGS, Net banking, SMS Alerts, Women’s Loan, Current Account, E-Statements, NEFT, Passbooks, Overdrafts and the Locker facilities.

Factsheet of The Malad Sahakari Bank Ltd

Bank Name	The Malad Sahakari Bank Ltd
Founded in	March 31, 1976
Promoters/founders	Shri Madhusudan S Wakankar, Shri Arvind N.Bhide, Shri Sharad P.Sathe, Shri Uday Narayan Mishra
Headquarter Address	The Malad Sahakari Bank Limited 6 Sujata Building First Floor Rani Sati Road Malad East Mumbai--400097 Maharashtra.
Employee's	NA
Type of Bank	Co-operative Bank
Official Website	https://www.maladbank.com/awards.php
Customer Care Number	022--28829586,28808551, 28803516

History of the Malad Sahakari Bank Limited

The Malad Sahakari Bank Limited is a Co-operative Bank located in Malad near Mumbai in Maharashtra State and concentrating around protecting the interest of the people and promoting their welfare. This establishment was started from the residence of Dr. Wakankar, Mamlatar Wadi, Malad and later moved to liberty gardens and on the auspicious day of Gudi Parva on March 31, 1976 started by Shri Devchand Seth, leading businessman from Malad in Mumbai. This event was conducted at Saraf Mathru Mandir Hall and eminent personalities in financial and banking segments were present. 

All our branches are computerised and are good in offering quality customer service to customers in and around Mumbai City area. 

The Malad Sahakari Bank Limited Bank is a Member of "Rupay Network of ATM's which is spread over 100000 + ATM's throughout India. Shri. Rajnarayan Tripathi is the Chairman and Shri Ramdev Bali is Vice-Chairman.

Banking Services offered by the Malad Sahakari Bank Limited

There are various banking services offered by the Malad Sahakari Bank Limited are given below as follows:

• Email Alerts.
• S M S Banking.
• Mobile Banking.
• Fixed Deposits.
• Money Transfer.
• Bank Guarantee.
• Current Account.
• Savings Account.
• Internet Banking.
• Recurring Deposit.
• Cyber Fraud Alert.
• Insurance Service.
• Corporate Banking.
• Debit Card Services.
• Demand Drafts (DD).
• Safe Deposit Lockers.
• NRI Banking Services.
• Senior Citizen Services.
• RTGS and NEFT Service.
• Customised Bank Services.
• Online Tax Payment Service.
• POS (Point of Sale) Facility.
• Personalised Cheque Book Services.
• Corporate salaries of different Companies.
• Registering for the Government Schemes like PMJDY, PMSBY and the Atal Pension Yojana.

Loans and credit facilities provided by the Malad Sahakari Bank Limited

There are various credit and loan services that are offered by the Malad Sahakari Bank Limited and they are:

• Home Loan Scheme.
• Vidya Loan Scheme.
• Senior Citizens Loan.
• Consumer Durable Loan.
• Vehicle Loans-Two Wheeler.
• Vehicle Loans-Four Wheeler.
• Loan against the LIC policies.
• Mahila Samruddhi Yojana Scheme.
• Personal Surety Instalment Loan Scheme.
• Loan against the Shares and Debentures.
• Loan against the Vehicle for Personal Use. 
• Renovation Loans for Houses already built.
• Loan against the Gold Ornaments and Jewels.
• Loan against the Bank Term Deposits including the Recurring Deposits.
• Loan against the National Savings Certificates, Post Offices Receipts and Bonds.

Awards and Recognition

• The Brihanmumbai Sahakari Banks Association Limited Awards in 2014.
• Frontiers In Cooperative Banking Awards 2019 by Banking Frontiers for Best E-Payment.
• Frontiers In Cooperative Banking Awards 2019 by Banking Frontiers for Best Mobile Application.
• Frontiers In Cooperative Banking Awards 2019 by Banking Frontiers for Leadership Award - Best IT Head (Mr. Ashok Kumar Tiwari).

The Malad Sahakari Bank Ltd has 6 IFSC connected branches in India. Bank has branches in following states:

MAHARASHTRA