News and Updates

We have introduced services of RTGS and E- Tax payment of income tax.

We are opening a new branch with Inter connectivity

During financial year
2009-10, Bank achieved “A+” Rating by RBI.

As per RBI guidelines, all eligible deposits have been covered under the deposit insurance scheme of DICGC.

Safety deposit lockers are available with us.

Avail Gold loans from Mahaveer Bank.


Mahaveer co-operative urban bank limited aim for Trust and Growth since 1999 and to achieve the satisfaction of the customer. Mahaveer Co-operative Urban Bank Ltd. was registered as a Co-operative Society on 24-10-1998 under Co-operative Societies Act, and was granted Registration No. TA 1457. Society has applied to Reserve Bank of India for license as Co-operative Bank and Reserve Bank of India has granted license on 22-01-1999 . Bank’s first Branch was opened on 28-04-1999, at Feelkhana , Begum Bazar, Hyderabad.

Mr. Mahaveerchand Kothari, as a Chairman and his team of Directors and Mr. A.Purender Reddy, as Chief Executive Officer, Bank has started its journey of progress.
Bank is paying Dividend “Constantly” to its members. Last 2 years, we have paid 18% Dividend which is mark of stability & Consistency of the Bank.
On 04-10-2005 Chief Executive Officer, Mr A Purender Reddy has retired and Mr Nandkishor Baheti has taken a steering of this Organisation to march on the growth path.

The overall control & management of the bank professionally rests with CEO, Committees of directors and Board of Directors. Election to the board directors were held 26-02 20010 and 13 directors were elected unanimously. Subsequently one Director was Co-opted by the board. 13 meetings of the Board of Directors were held during the financial year. The bank employed a total of 22 employees, 8 officers,10 clerks/Cashiers and Sub Staff.
Our bank is providing attractive interest rates on deposits, additional interest of 0.5% for senior Citizen & charitable Trust is paid. Deposit upto Rs.1 lakh per individual is insured with DICGC. Drafts and at par cheques are issued per all centres in India. Safe deposit lockers are available. Different loans schemes such as housing, mortgage, education, vehicle, trade-business, gold loans, loan against deposits are available for the financial needs of the customers.

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