Announcement
महालक्ष्मीरियं संस्था महावृद्धिप्रदा शुभा।
महाजनान् प्रकृष्य स्यात् महीमंडलविश्रुता।।
ಮಹಾಲಕ್ಷ್ಮಿಯ ಹೆಸರಿನ ಈ ಸಂಸ್ಥೆಯು ಎಲ್ಲರಿಗೂ ಮಹಾ ಸೌಭಾಗ್ಯ ಸಮೃದ್ಧಿಯನ್ನು ಕೊಡುತ್ತಾ, ಮಹಾಜನರನ್ನು ನಿರಂತರ ಆಕರ್ಷಿಸುತ್ತ, ಇಡೀ ನಾಡಿನಲ್ಲಿ ಪ್ರಸಿದ್ಧವಾಗಲಿ.
About Shri Mahalaxmi Bank
Shri Mahalaxmi Co-operative Bank Ltd was established on 12th October 1930 at Bijapur under the founder of Late Shri Shrinivasrao Swamirao Deshpande. The bank obtained License from the Reserve Bank of India on 14th December 1987 vide License No.UBD.KA 944 P. The Bank celebrated its Golden Jubilee on 09th November 1987 and Platinum Jubilee on 13th December 2009.
In order to provide better customer service, the Bank was fully computerized from April 2010 and Core Banking Solution (CBS) was enabled from April 2016. The bank also provides NEFT/RTGS for quick fund transfer and also CTS clearing facilities to its members and customers. The Bank will continue to offer the best possible customer service.
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Shri Mahalaxmi Co-operative Bank Ltd., is registered with DICGC (https://www.dicgc.org.in/)
(DICGC Website)
Savings Account read more
Earns a nominal interest of 3.50% per annum on daily balance basis and such interest in credited to the account at the end of Sept and March of every year.
Current Account read more
Individuals in their own name or in joint names, firms, corporate, Associations, Trust, Co-operative societies can open this type of account.
Interest Rates of Loans & Advances
| LOANS | INTEREST RATE |
| Housing Loans Up to 30Lakh Above 30Lakh |
11.00% 10.50% |
| Vehicle Loans | 14.00% |
| Personal Loans | 18.00% |
| Gold Loans Up to 200000 Above 200000 |
10.50% 10.00% |
| Collateral Loans | 14.00% |
| Secured Cash Credit / Business Loans Unsecured Cash Credit / Business Loans |
12.00% 18.00% |
Education Loans | 10.00% |
Interest Rates of Deposits with effect from 01-07-2024
| Period | INTEREST RATE (w.e.f 1st July 2024) | |
| General Public | Senior Citizens | |
| 31 days to 45 days | 4.00 | 4.00 |
| 46 days to 91 days | 5.00 | 4.50 |
| 92 days to 181 days | 6.00 | 5.50 |
| 182 days to 14 Months | 7.00 | 7.00 |
| 15 Months to 24 Months | 7.50 | 8.00 |
| 25 Above Months | 8.50 | 9.00 |
For senior citizen 0.50% extra for above 1 year. Deposits are insured up to Rs. 5 Lakhs.