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abhyudaya cooperative bank limited has branches in 4 States
GUJARAT | KARNATAKA | MAHARASHTRA | MUMBAI |
The Beginning
A dedicated group of social workers and labour movement activists, imbued with the spirit of service to the cause of mill workers, other industrial and hitherto neglected economically weaker sections of society started Abhyudaya Co-op. Credit Society Ltd. in 1964, with a small share capital of Rs. 5,000. The area of Kalachowki, Sewri, Parel and their surroundings were predominantly populated by low income industrial labour and lower middle class people at that time. In a short period of time Abhyudaya Co-op. Credit Society got converted into an Urban Co-op. Bank. Finally in June 1965, Abhyudaya Co-op. Bank Ltd. was established with the motto of"Prosperity through Co-operation".
Vision
Our Bank’s plunge to excellence in all directions will be powered by the VISION
that provides overarching inspiration, The VALUES that serve to guide taught
& action, The VITALITY that embarks on strategy formation & execution.
The immense potential of our Bank will be realized by the distinctive amalgam
of the ‘Vision, Values & Vitality.
Products & Services offered by the Bank
The Bank has launched its interactive website for easy accessibility of various
products & services for its customers. Bank has successfully implemented
Core Banking Solution (CBS) technology, through this technology the bank is
offering Any Branch Banking Service to the customers. Bank is offering
Abhyudaya Mobile Banking Service to its customer through which customer can do
Self, Intra, Inter & IMPS Fund Transfer. Customer can check balance mini
statement, cheque request & host of services through Mobile Banking
service. Bank customers can transact cash, transfer of fund, clearing,
remittances, etc. from any branch of the bank. Bank is offering Abhyudaya RuPay
Debit Card which can be used for cash withdrawals, mini statements, balance
enquiry and can be used at Point of Sale terminals for merchant transactions.
The bank has offsite ATM’s installed at Abhyudaya Nagar & Ghatkopar. Bank
is providing all types of Foreign Exchange & Money Transfer Services such
as MoneyGram & Xpress Money. Bank is also offering Tele-banking and
Internet Banking services. Customers of our bank can get monthly statement of
account through email. Bank has installed Cash Deposit Machines at New Panvel,
Vashi & Nehru Nagar, subsequently Bank will install Cash Deposit Machines
at other Branches.
Bank has implemented Pradhan Mantri Jan-Dhan Yojana (PMJDY) for achieving the
national objective of Financial Inclusion & providing banking services to
common man. Bank has launched Pradhan Mantri Jeevanjyoti Bima Yojana - (PMJBY)
& Pradhan Mantri Suraksha Bima Yojana - (PMSBY). Bank has registered itself
with CPSMS (Central Planned Scheme Monitoring System) which is a project of
Dept. of, Ministry of Finance; New Delhi for providing AADHAAR based Direct
Cash Transfer Benefits (Subsidies) to the customers.
Bank has implemented / adopted other RBI Schemes such as RTGS, NACH, NEFT,
Speed Clearing etc. Bank has taken corporate Agency of LIC of India , The New
India Assurance Co. Ltd. and Religare Health Insurance. All types of life
insurance policies of LIC , General Insurance policies of The New India
Assurance Co. Ltd. & Health Insurance Policies are made available at all
our branches.
Out of 111 branches, 59 branches are rendering all seven days a week service to
the customers. Our customers are free to operate on other banks ATMs through
NFS Network of more than 2.22 Lakh ATMs and customers of other banks can transact
from 114 ATMs machines installed by our bank. The Bank has offsite ATM’s
installed at Abhyudaya Nagar & Ghatkopar. Bank is also offering Demat, Pan
Card Facility, & Online Tax Payment Services through network of our
branches. From two branches viz. Vashi & New Panvel Franking facility is
made available for the general public.
Bank is having its own fully equipped staff training college at Vashi premises
whereby the talent of the staff members and officials are groomed to make them
competitive to face the challenges in the Banking Sector.
Bank has started financial Literacy Cell, at Vashi under its customers
education initiatives. With an intention of providing better customer service
bank has taken various steps such as introduction of toll free number (1800-
22- 3131) for the convenience of the customer where by customer can get all
information pertaining to the products & services of the bank, missed call
facility for balance enquiry on Toll Free number (1800-313-5235), Card Hot
listing Number (9223110011) conducting customer meets at regular interval,
formation of separate customer care dept., special counters for Sr. Citizens
and handicapped customers etc.
What id IFSC Code
IFSC is short for Indian Financial System Code and represents the 11 digit character that you can usually see on your bank’s cheque leaves, or other bank sponsored material. This 11 character code helps identify the individual bank branches that participate in the various online money transfer options like NEFT and RTGS.
What is MICR Code
MICR or Magnetic Ink Character Recognition Code is a 9 digit code used for faster processing of cheques. MICR number is also unique for every bank branch, hence it helps in uniquely identifying the bank and branch participating in an Electronic Clearing System (ECS). MICR Code like IFSC is a combination of 3 essential components:
- The first 3 digits represent the city code.
- The middle 3 represent the particular bank code.
- The last 3 digits represent the specific branch code
An MICR code is a 9-digit code that uniquely identifies the bank and branch participating in an Electronic Clearing System (ECS).
It comprises of 3 parts:
- The first three digits represent the city (City Code). They are
aligned with the PIN code we use for postal addresses in Indi ..
An MICR code is a 9-digit code that uniquely identifies the bank and branch participating in an Electronic Clearing System (ECS).
It comprises of 3 parts:
- The first three digits represent the city (City Code). They are
aligned with the PIN code we use for postal addresses in Indi ..