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.



Traders avail working capital requirement on easy terms against your Stock, Book Debts, Plant & Machinery.

Eligibility  10 to 15% of yearly Turnover
Rate of Interest  15%  -  17%( On Actual Diminishing Balance)
Period  1Year (Renewable)
Margin 50% of Stock/Book Debts
Share Linkage 2.5% of Sanctioned  Amount and Guarantor – Minimum 10 Shares
Processing Fees 1st year             -  1% + S.t.
On Renewal   ½% + S.t.

3 years Certified I T Returns and Audited Balance Sheet and Profit & Loss A/c
Address and ID proof and 3 photos of  Borrower and Guarantor
Monthly Stock Statement of Stocks and Book Debts to be submitted.
Advance Repayment excepted.
Personnel Guarantee – 1

Collateral Security: Mortgage of Property
Sale deed with 30 years link
Latest E.C. and Property Tax receipt.
Last 3 years I T Returns or Latest Salary Slip
Sanction Plan or Permission


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