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.



For purchase/ construction/repairs of house / flat.
For Below 10 Lacs – 13% ( On Actual Diminishing Balance)
Above 10 lacs – 25 lacs – 15%( On Actual Diminishing Balance)

  • Share Linkage  -  2.5% of Sanctioned  Amount  and Guarantor – Minimum 10 Shares
  • Repayment Period  -   7 Years
  • Processing Fees  -     1% of loan amount + service tax
  • Stamp Duty – A.P. Govt. Stamp Act – 0.5% of Sanctioned Amount.
  • Personnel Guarantee – One Person
  • Pre closure Charges – NIL
  • Advance Repayment accepted.
  • Sale deed with 30 years link document.
  • Agreement of sale in case of purchasing of Flat/House .
  • Estimated cost  of construction from Chartered Engineer.
  • Latest E.C. and Property Tax receipt.
  • Sanction Plan or Permission
  • Last 3 years Certified  I T Returns or Latest Salary Slip of Borrower and Guarantor
  • Address,  ID proof and 3 photos of Borrower and Guarantor
  • Legal opinion charges Rs. 500/-
  • Valuation charges - depending upon the value of the property
    With the Minimum of Rs 3000/-
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