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• The Municipal Cooperative Bank Limited

The Municipal Cooperative Bank Limited

The Municipal Cooperative Bank Limited was created under the Cooperative Societies Act of 1952 and working from 1st April 1953. We are good in giving various amenities like the Vehicle Loans, Net Banking, Locker, Personal Loans, Housing Loans, Gold Loan, Fixed Deposits, Cheque Books, Recurring Deposits, Debit Cards, E-Statements, ATM, and the Email alerts facilities.

Factsheet of The Municipal Cooperative Bank Limited

Bank Name	The Municipal Cooperative Bank Limited
Founded in	April 1, 1953
Promoters/founders	Late Shri B.K. Patel, I.C.S., Ex. Municipal Commissioner
Headquarter Address	The Municipal Cooperative Bank Limited Municipal Bank Bhavan 245, P'dmello Road Fort Mumbai – 400 001 Maharashtra
Employee's	NA
Type of Bank	Co-operative Bank
Official Website	https://www.municipalbankmumbai.com/history.php
Customer Care Number	022-22616911

History of the the Municipal Cooperative Bank Limited

The Municipal Cooperative Bank Limited is one of the major Co-operative bank located in Mumbai and this bank was registered under the Co-operative Societies Act in the year 1952 and commenced its operations from April 1953. We have more than 30 plus branches located in and around Mumbai and Shri B K Patel was the Ex Municipal Commissioner was the main architect of the establishment set up in 1952. He was working in Public Service and had a great sense of commitment and was always focused on offering quality amenities to the downtrodden and middle class in Maharashtra.

We are always inspired by the good and lofty ideas for the growth and development of material well being of the employees of the Municipal Cooperative Bank Limited. Due to his amazing vision and inspiring leadership the development of the cooperative bank has improved from strength to strength. 

Shri Vishwas Shankarwar is the Chairman of the Municipal Cooperative Bank Limited and has more than 30 plus years of experience in functioning of the Municipal Cooperative Bank Limited. 

Banking Services offered by the Municipal Cooperative Bank Limited

There are various banking services offered by the Municipal Cooperative Bank Limited and they are as follows:

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

Loans and credit facilities provided by the Municipal Cooperative Bank Limited

There are various credit and the loan services offered by the Municipal Cooperative Bank Limited and they are as follows:

• SME  Loan.
• Term Loan.
• Vehicle Loan.
• Housing Loan.
• Personal Loan.
• Mortgage Loan.
• Education Loan.
• Business Loans.
• Emergency Loan.
• Long Term Loans.
• Short Term Loans.
• Medium Term Loans.
• Loan Against Property.
• Loan Against Security.
• Loan for Importers and Exporters.

Awards and Recognition

• Maharashtra State Sahakar Bhushan Award 2015 – 2016.
• Brihan Mumbai Nagari Sahakari Banks' Association Limited, Annual Report Competition 1992-1993 - 3^rd Prize.
• Banko Award " ,1st Prize for the year 2017 in the category of Salary Earner's Bank. Business above Rs 501 Crores.
• The Brihanmumbai Nagari Sahakari Bank’s Association Limited, Mumbai, Salary Earners Bank 2010 – 2011 1^st Prize.
• The Maharashtra Urban Co-op Banks Federation Limited, Best Bank 2017, 3rd Prize in the category of Salary Earner's Bank.
• Excellent Bank Award for 2008-2009 received from The Maharashtra Employees’ Banks’ Co-op.Association Limited, Mumbai.
• The Maharashtra Employees Banks Co-op. Association Limited, Mumbai, Maharashtra State - Deposit more than 500 Crores 1^st Prize.
• The Brihanmumbai Nagari Sahakari Bank Association Limited, Mumbai. 1^st Prize for year  2014-15 in the category of salary Earner’s Bank.
• The Brihanmumbai Nagari Sahakari Banks Association Limited, Mumbai 1st Prize for year 2015-16 in the category of Salary Earner's Bank.
• The Brihanmumbai Nagari Sahakari  Bank's Association Limited,Mumbai 2nd Prize for the year 2016-17 in the category of Salary Earner's Bank. 
• The Maharashtra Employees Bank Co-operative Association Limited, Mumbai, 1st Prize for the year 2016-2017. Maharashtra State-Category of Deposit more than Rs 350 Crores.
• Banking Frontier Award 2017,  "Best Mobile App", "Best CBS Up-gradation", Best Data Security", Best E-payment- Phase 1' in the category of Salary Earner's Bank.
• Nachiket Prakashan, Nagpur, Nachiket Sahakar Shreshtha Award for year 2015 – 2016, in category of Salary Earner’s Bank For Best Annual Report & Best Use of Technology - 1^st Prize.
• Banking Frontier Award 2016 “ Best Chairman , Best Acquirer Award, Best A. T. M. Initiative Award and Best Core Banking Solution Award “ in the category of Salary Earner’s Bank.

The Municipal Cooperative Bank Limited has 23 IFSC connected branches in India. Bank has branches in following states:

MAHARASHTRA