DEPOSITS
Right place for investments with an attractive rate of interest
About Us
Bank History
- As mentioned in the British Encyclopedia, the birth of Co-operative Farming was established way back in 1371 in Ethiopia which gave birth to the revolutionary idea of Cooperative societies. On 8th May 1905, for the first time in India, a Co-Operative Society was established in KANGINAHALA of GADAG district, which created a new era in Indian History. A Similar cooperative society, with the same intention and dedication, was needed in Shikaripura.
- On 26 October 1965, under the leadership of Sr Sri S.V.HALAPPA, THE URBAN CO-OPERATIVE BANK LTD., SHIKARIPURA was established. Sri S.V.HALAPPA was elected as the first president of the bank whereas Sri H.DANDIYAPPA was the bank's first Honorary Secretary to facilitate common people with benefits of the bank. Common people were included as shareholders with share value of Rs.10/- per share and the capital was raised.
- With sheer honesty, extremely hard work, client and member support and cooperation, the bank has received many awards.
Services
Variety, trust-worthy and on-time
The nomination facility is available on deposits
RTGS/NEFT facility for transferring the funds
E-stamping facility
Safe deposit lockers
Loan facility available against deposits
Facility for premature withdrawal/renewal of deposits
Online computer service
Issue of demand drafts all over India
Bonanza for senior citizens
Innovative schemes to qualified professionals
Easy availing of housing loan facility
Service Charges
| # | Type | Description | Charges | ||
|---|---|---|---|---|---|
| 1 | Share | Share fee | 50/1000+GST | ||
| Share PB | 59 | ||||
| 2 | SAVINGS BANK | With cheque book minimum balance Rs.500 | 60.0 | ||
| Without cheque book minimum balance Rs.250 | 35.0 | ||||
| 3 | CURRENT ACCOUNT | With cheque book minimum balance Rs.1000 | 118 | ||
| Without cheque book minimum balance Rs.500 | 59 | ||||
| 4 | OVER DRAFT ACCOUNT(MCC,CCL) | Less than 4 transactions in a month | 118 | ||
| 5 | TERM LOAN | Nominal member fee | 36 | ||
| Encombarance | 118 | ||||
| Bank Commission | |||||
| Upto Rs.25000.00 | 118 | ||||
| Rs.25001.00 to Rs.50000.00 | 295 | ||||
| Rs.50001.00 to Rs.100000.00 | 590 | ||||
| Above one lakh | Amt*0.25%+250+GST | ||||
| Insurance | 0.45%+GST | ||||
| Property valuation fee | 354 | ||||
| SHARE | |||||
| HCL,IPL AND HPL | |||||
| Upto Rs.10 lakhs | 5% of loan amount | ||||
| Above Rs.10 lakhs | 2.50% of loan amount | ||||
| Joint loans | 10% of loan amount | ||||
| 6 | Statements | Upto 60 entries | 30 | ||
| Above 60 entries | 118 | ||||
| 7 | Interest certificate/Balance certificate | Original | NIL | ||
| Duplicate | 59 | ||||
| 8 | Standing instruction | 24 | |||
| 9 | Cheque book | Per leaf | 3 | ||
| 10 | Cheque | Stop payment | 118 | ||
| O/W return | 118 | ||||
| I/W return | 118 | ||||
| DD/PO Cancellation | 118 | ||||
| Revalidation | 59 | ||||
| 11 | Duplicate PB/TD certificate | 59 | |||
| 12 | Records | Enquiries relating to old records(beyond 12 months old)per item | 100 per item upto 2 years and thereafter additional 50 for every additional year for each item + GST | ||
| 13 | Collection of outstation cheque | Upto Rs.10000.00 | 59 | ||
| Above Rs.10001 to upto Rs.100000.00 | 118 | ||||
| Above Rs.100001 | 236 | ||||
| 14 | NEFT/RTGS | ||||
| Upto Rs.10000 | 3 | ||||
| Rs.10001 to Rs.100000 | 6 | ||||
| Rs.100001 to Rs.200000 | 18 | ||||
| Rs.200001 to Rs.500000 | 30 | ||||
| Above Rs.500001 | 60 | ||||
| 15 | LOCKER | LOCKER A-75 | |||
| Mini | 944 | ||||
| Small | 1416 | ||||
| Medium | 1770 | ||||
| LOCKER B,E,F,H AND I-32 | |||||
| Small | 1416 | ||||
| Medium | 2124 | ||||
| Big | 4130 | ||||
| LOCKER C,D AND G | |||||
| BIG | 4130 | ||||
| 16 | SMS ALERT | ANNUAL FEE | 30 | ||
| 17 | ACCOUNT CLOSER CHARGES | 59 | |||
| 18 | NO DUES (NOC) | 30 | |||
| 19 | GANAPATHI DEPOSITS | Premature Charges | 3.5% on amount+GST | ||
| 20 | PAY ORDER | UPTO 10000 | 35 | ||
| 10001-25000 | 59 | ||||
| 25001 AND ABOVE | 2/1000+GST | ||||
| 20 | PAY ORDER | UPTO 10000 | 35 | ||
| 21 | NOTICE CHARGES | Susti notice | 35 | ||
| Red notice | 59 | ||||
| Final notice | 236 | ||||
| 22 | Application form fee | 35 | |||
| 23 | GOLD LOAN | ||||
| RANGE | NMF | APC | INS | TOTAL | |
| UPTO 3000 | 36 | 18 | 22 | 76 | |
| 3001-5000 | 36 | 30 | 30 | 96 | |
| 5001-8000 | 36 | 35 | 45 | 116 | |
| 8001-10000 | 36 | 47 | 53 | 136 | |
| 10001-25000 | 36 | 59 | 81 | 176 | |
| 25001-50000 | 36 | 118 | 177 | 331 | |
| 50001-100000 | 36 | 148 | 252 | 436 | |
| 100001-200000 | 36 | 177 | 593 | 806 | |
| ABOVE 200001 | 36 | 236 | 714 | 986 |
-
01
Savings A/C
Initial Amount To Open Savings Account
Rs.500 /-
Rate of interestSavings bank account : 3.50%
BenefitsPassbook facility
Free SMS alerts on request
E-statement facility
Cheque book facility
Standing instructions
Insurance cover (for more details, contact branch manager)
General Rules :
The bank reserves the right to close any account if cheques drawn are returned unpaid frequently for want of funds or the account is considered irregular / non-satisfactory.
The bank reserves the right to close any account if the cheque drawn is returned unpaid frequently for want of funds or the account is considered irregular / non-satisfactory.
Accounts not in operation for more than two years will be treated as inoperative/dormant accounts.
Bank reserves the right to alter, amend and rescind the rules from time to time.
-
02
Current A/C
Initial amount to open current account
Rs.1000 /-
Rate of interestCurrent account : 0.00%
BenefitsPassbook facility
Free SMS alerts on request
E-statement facility
Cheque book facility
Standing instructions
Insurance cover (for more details, contact branch manager)
General Rules :
The bank reserves the right to close any account if cheques drawn are returned unpaid frequently for want of funds or the account is considered irregular / non-satisfactory.
The bank reserves the right to close any account if the cheque drawn is returned unpaid frequently for want of funds or the account is considered irregular / non-satisfactory.
Accounts not in operation for more than two years will be treated as inoperative/dormant accounts.
Bank reserves the right to alter, amend and rescind the rules from time to time.
-
03 Jenu
Gudu deposit
Period
Minimum 1 year and Maximum 10 years
Rate of interestSenior citizens 0.5% extra on deposits of one year and above
BenefitsInterest will be paid on monthly/quarterly/half yearly/yearly basis as per the customer's convenience
Passbook facility
Free SMS alerts on request
E-statement facility
Cheque book facility
Standing instructions
Insurance cover (for more details, contact branch manager)
General Rules :
The bank reserves the right to close any account if cheques drawn are returned unpaid frequently for want of funds or the account is considered irregular / non-satisfactory.
The bank reserves the right to close any account if the cheque drawn is returned unpaid frequently for want of funds or the account is considered irregular / non-satisfactory.
Accounts not in operation for more than two years will be treated as inoperative/dormant accounts.
Bank reserves the right to alter, amend and rescind the rules from time to time.
-
04 Fixed
deposit
Period
Minimum 30 days and Maximum 10 years
Rate of interestSenior citizens 0.5% extra on deposits of one year and above
BenefitsInterest will be paid on monthly/quarterly/half yearly/yearly basis as per the customer's convenience
Passbook facility
Free SMS alerts on request
E-statement facility
Cheque book facility
Standing instructions
Insurance cover (for more details, contact branch manager)
General Rules :
The bank reserves the right to close any account if cheques drawn are returned unpaid frequently for want of funds or the account is considered irregular / non-satisfactory.
The bank reserves the right to close any account if the cheque drawn is returned unpaid frequently for want of funds or the account is considered irregular / non-satisfactory.
Accounts not in operation for more than two years will be treated as inoperative/dormant accounts.
Bank reserves the right to alter, amend and rescind the rules from time to time.
-
05
Cumulative/recurring deposit (monthly)
Period
Minimum 1 year and Maximum 10 years
Rate of interestSenior citizens will get 0.50% extra
BenefitsAny branch banking
Passbook facility
ATM facility
RTGS/NEFT facility
Free SMS alerts on request
E-statement facility
Cheque book facility
Standing instructions
Insurance cover (for more details, contact branch manager)
General Rules :
The bank reserves the right to close any account if cheques drawn are returned unpaid frequently for want of funds or the account is considered irregular / non-satisfactory.
The bank reserves the right to close any account if the cheque drawn is returned unpaid frequently for want of funds or the account is considered irregular / non-satisfactory.
Accounts not in operation for more than two years will be treated as inoperative/dormant accounts.
Bank reserves the right to alter, amend and rescind the rules from time to time.
-
06
Lakshmi savings deposit(PIGMY)
Period
Minimum 1 year
BenefitsQuarterly compound interest
Any branch banking
Passbook facility
Free SMS alerts on request
E-statement facility
Cheque book facility
Standing instructions
Insurance cover (for more details, contact branch manager)
General Rules :
The bank reserves the right to close any account if cheques drawn are returned unpaid frequently for want of funds or the account is considered irregular / non-satisfactory.
The bank reserves the right to close any account if the cheque drawn is returned unpaid frequently for want of funds or the account is considered irregular / non-satisfactory.
Accounts not in operation for more than two years will be treated as inoperative/dormant accounts.
Bank reserves the right to alter, amend and rescind the rules from time to time.
LOANS
Fulfill your dreams with variety of loans
-
01
Installment loan
Eligibility
Member/Associate member
Area of operation
Shimoga district except Hosanagar taluk (as time to time amended by AGM)
Number of sureties required
Spouse of the applicant
Co-obligation/surety of one or more members of the family if advised by the legal advisor for legal compliance and/or to reckon the income of the family members to arrive at repaying capacity. Co-obligate/sureties should be members/ associate members.
The member having any liability with the bank should have paid the installments/interest up to date on the date of submission of loan application if he /she has availed any loan from the bank (including co-obligate/sureties).
Documents required: As applicable to security offered
KYC compliance
E-property extract
Parent deed/vendor's title deed/gift deed
Sale deed
Possession certificate
Khatha certificate
Khatha extract
Tax paid receipt-up-to date
Encumbrance 15-30 years to date
NOC from other banks
Assessment register
Geological tree
Self affidavit (Self-acquired/ancestral)
Legal opinion
Any other document as required by the Legal Scrutiny Report
No objection letter from the property owner (third-party security is not acceptable)
Income proof/Income tax returns
Property valuation report
The bank may add any other additional condition if it deems fit while sanctioning the loans
Sanctions
Maximum limit: Rs.10 lakhs (50% to 60% of the Property valuation)
EMI: Monthly compounded
Maximum repayment period: 60 Months
Charges: As per the decision of the Board of Directors
Interest rate and interest application frequency
Charged and compounded at monthly intervals and interest so charged will be capitalized
Subject to revision from time to time as per the directives of the Reserve Bank of India or as per the decision of the Board of Directors
Insurance
The borrower shall get the mortgaged property insured against fire and other risks and the premium has to be paid by the borrower. Such fire policy shall be in the name of the borrower with the bank clause and renewed every year and if the borrower fails to do so the bank is empowered to debit the members’ account and renew the insurance.
-
02Vehicle loan
Eligibility
Member/Associate Member/Nominal Member
Area of operation
Shimoga district except Hosanagara taluk (as time to time amended by AGM)
Number of sureties required
Co-obligate/sureties should be member/ associate members
The Member having any liability with the bank should have paid the installments/interest up to date on the date of submission of Loan application if he /she has availed any Loan from the Bank (including co-obligate/sureties)
Documents required: As applicable to security offered
KYC compliance
Invoice
Dealers quote
Copy of Driving license
Copy of RC book and insurance (pre-owned vehicle)
Additional security
Collateral security of site/ house property (should have a marketable title)
LIC policy
Fixed Deposits held with our bank
The bank may add additional conditions if it deems fit while sanctioning the loans
Sanctions
Maximum limit: Rs.25 lakhs
EMI: Monthly compounded on reducing balance
Maximum Repayment Period: 60 Months including moratorium period
Charges: As per the decision of the Board of Directors
Margin
20% of the value of the new on-road price
25% for used vehicles as assessed by the bank's valuer
Charge on the vehicle
The vehicle should be hypothecated to the bank
Release of loan
The proceeds of the loan amount shall be paid to the dealer of the vehicle from whom the borrower intends to purchase the vehicle, duly debiting the margin amount to the party’s SB/CA, getting a letter to this effect.
In cases of purchasing used vehicles, proceeds of the loan amount shall be paid to the owner of the vehicle.
Documents required substantiating the purpose of the loan
Invoice from the vehicle dealer
Driving license
Proof for Margin Money
Interest rate and interest application frequency
Charged and compounded at monthly intervals and interest so charged will be capitalized.
Subject to revision from time to time as per the directives of the Reserve Bank of India or as per the decision of the Board of Directors.
Insurance
The vehicle should be comprehensively insured with a bank clause and the borrower should arrange for renewal of the insurance policy every year at his cost and produce the policy within the due date. In case the borrower fails to produce the insurance policy the bank shall arrange to get the insurance coverage for the vehicle by debiting the loan account.
The borrower shall get the mortgaged property insured against fire and other risks and the premium has to be paid by the borrower. Such fire policy shall be in the name of the borrower with a bank clause and renewed every year and if the borrower fails to do so the bank is empowered to debit the members’ account and renew the insurance.
- 03Salary loan
Eligibility
Member/Associate Member
Area of operation
Shimoga district (Sagar, Thirthahalli, Shimoga, Bhadravathi, Soraba and Shikaripura taluks) (as time to time amended by AGM)
Number of sureties required
Minimum one or as per discretion of the Bank
Documents required: As applicable to security offered
NOC from other banks
Geological tree
Self affidavit
Income Proof/Income tax returns
Undertaking by the salary drawing officer
The Bank may add any other additional condition if it deems fit while sanctioning the loans
Sanctions
Maximum limit: Rs.1 lakhs
EMI: Monthly compounded on reducing balance
Maximum Repayment Period: 24 Months
Charges: As per the decision of the Board of Directors
Interest rate and interest application frequency
Charged and compounded at monthly intervals and interest so charged will be capitalized.
Subject to revision from time to time as per the directives of the Reserve Bank of India or as per the decision of the Board of Directors.
- 04Cash credit secured loan
Eligibility
Member/Associate Member
Area of operation
Shimoga district (Sagar, Thirthahalli, Shimoga, Bhadravathi, Soraba and Shikaripura taluks) (as time to time amended by AGM)
Number of sureties required
Spouse of the applicant
Co-obligation/surety of one or more members of the family if advised by the legal advisor for legal compliance and/or to reckon the income of the family members to arrive at repaying capacity. Co-obligate/sureties should be members/ associate members.
The member having any liability with the bank should have paid the installments/interest up to date on the date of submission of loan application if he /she has availed any loan from the bank (including co-obligate/sureties).
Documents required: As applicable to security offered
Parent deed/vendor's deed
Sale deed
Possession certificate
Katha certificate and extract
Tax paid reciept up-to date
Encumbrance 15-30 years to date
NOC from other banks
Geological tree
Self affidavit (Self acquired/ancestral)
Legal opinion
Any other document as required by the Legal Scrutiny Report
No objection letter from the property owner
Property valuation report
Income proof
The Bank may add any other additional condition if it deems fit while sanctioning the loans
Sanctions
Maximum limit: Rs.50 lakhs(50% to 60% of the property valuation)
EMI: Monthly compounded on reducing balance
Maximum Repayment Period: Repayable on demand and renewable once a year at the discretion of the bank. In case of unsatisfactory conduct, the bank is at liberty to (a) not renew or (b) recall/reduce the facility.
Charges: As per the decision of the Board of Directors
Interest rate and interest application frequency
Charged and compounded at monthly intervals and interest so charged will be capitalized.
Subject to revision from time to time as per the directives of the Reserve Bank of India or as per the decision of the Board of Directors.
Insurance
The borrower shall get the mortgaged property insured against fire and other risks and the borrower must pay the premium. Such fire policy shall be in the name of the borrower with Bank clause and renewed every year and if the borrower fails to do so the bank is empowered to debit the members’ account and renew the insurance.
- 05OD on Title Deed
Eligibility
Member/Associate Member
Area of operation
Shimoga district (Sagar, Thirthahalli, Shimoga, Bhadravathi, Soraba and Shikaripura taluks) (as time to time amended by AGM)
Number of sureties required
Spouse of the applicant
Co-obligation/surety of one or more members of the family if advised by the legal advisor for legal compliance and/or to reckon the income of the family members to arrive at repaying capacity. Co-obligate/sureties should be members/ associate members.
The member having any liability with the bank should have paid the installments/interest up to date on the date of submission of loan application if he /she has availed any loan from the bank (including co-obligate/sureties).
Documents required: As applicable to security offered
Parent deed/vendor's deed
Sale deed
Possession certificate
Katha certificate and extract
Tax paid reciept up-to date
Encumbrance 15-30 years to date
NOC from other banks
Geological tree
Self affidavit (Self acquired/ancestral)
Legal opinion
Any other document as required by the Legal Scrutiny Report
No objection letter from the property owner
Property valuation report
Income proof
Undertaking by the salary drawing officer
The Bank may add any other additional condition if it deems fit while sanctioning the loans
Sanctions
Maximum limit: Rs.50 lakhs(50% to 60% of the property valuation)
EMI: Monthly compounded on reducing balance
Maximum Repayment Period: Repayable on demand and renewable once a year at the discretion of the bank. In case of unsatisfactory conduct, the bank is at liberty to (a) not renew or (b) recall/reduce the facility.
Charges: As per the decision of the Board of Directors
Interest rate and interest application frequency
Charged and compounded at monthly intervals and interest so charged will be capitalized.
Subject to revision from time to time as per the directives of the Reserve Bank of India or as per the decision of the Board of Directors.
Insurance
The borrower shall get the mortgaged property insured against fire and other risks and the borrower must pay the premium. Such fire policy shall be in the name of the borrower with Bank clause and renewed every year and if the borrower fails to do so the bank is empowered to debit the members’ account and renew the insurance.
- 06OD loan against gold
Eligibility
Member/Associate Member
Nominal Members by payment of nominal membership fee of Rs.50 + GST.
Area of operation
Shimoga district (Sagar, Thirthahalli, Shimoga, Bhadravathi, Soraba and Shikaripura taluks) (as time to time amended by AGM)
Security
Gold ornaments
Sanctions
Maximum limit: Rs.5 lakhs
Maximum Repayment Period: 12 months.
Charges: As per the decision of the Board of Directors
Margin
25% of value assessed by the banks' valuer.
Release of loan
The proceedings of the loan amount shall be paid to the party’s SB/CA.
Interest rate and interest application frequency
Charged and compounded at monthly intervals and interest so charged will be capitalized.
Subject to revision from time to time as per the directives of the Reserve Bank of India or as per the decision of the Board of Directors.
Deposits ROI
Particulars Regular 40 DAYS TO 45 DAYS 4.00% 46 DAYS TO 90 DAYS 5.25% 91 DAYS TO 180 DAYS 5.50% 181 DAYS WITHIN 1YEAR 5.75% 1 YEAR TO 10 YEARS 6.25% Loans ROI
# Loan category Rate Of Interest 1 House Construction Loan Individual 8.50 Commercial 9.00 2 Immovable Property Loan 11.25 3 Vehicle Loan New Vehicle 9.00 New Two Wheeler Vehicle 10.00 Old Vehicle 12.00 4 Gold Loan 9.25 5 OD/MCC 12.00 6 Joint Loan 15.00 Statistics
Statistics of previous years.
# Details 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 1 Members 2613 2636 2684 2739 2762 2454 2 Share Capital 189.76 189.33 197.45 207.05 226.51 237.47 3 Reserve Fund 378.67 424.61 458.84 541.78 620.82 678.18 4 Deposits 3921.93 3989.55 3856.98 4184.09 4689.85 5145.18 5 Loans 2510.88 2498.78 2746.45 2828.90 3507.14 4260.04 6 Investments 859.31 832.98 883.52 800.99 939.73 946.89 7 Working Capital 4747.67 4917.63 4559.58 5126.94 5546.18 6060.84 8 Net Profit 62.16 59.86 53.41 58.03 59.31 64.51 9 CRAR 15.51 17.00 22.25 23.53 24.70 21.99 Board of Directors
- for the period of 2020-2025
R Shivabasappa
President
H S Manjunath (Hadadi)
Vice-president
M B Chennaveerappa
Director
H Siddalingesh
Director
H S Mallanraya
Director
Khasim Sab
Director
H S Gangadhar (Maddi)
Director
M V Maruthi
Director
Anupama S S
Director
Jayanthi J Shasthri
Director
H R Sureshkumar
Professional DirectorContact
For any queries related to The Urban Co-operative Bank, contact us. We are here to help you.
Location
Shikaripura
577427Email
info@urbanskp.com
Call
Landline : +91 1234567890
Mobile : +91 1234567890
- 03Salary loan