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 of Two/ Three/ Four Wheeler Vehicle for the purpose of Personal/Business use.
70% of Invoice value,   Rate of Interest: 15% - 17% ( On Actual Diminishing Balance)
Period : 3 years
Share Linkage  -  2.5% of Sanctioned  Amount  and
Guarantor – Minimum 10 Shares

AP Governmet stamp duty 0.5% for loan Rs one lack and above
Processing Fees  - 1% of loan amount + service tax
Last 3 years Certified  I T Returns or Latest Salary Slip
Address and ID proof and 3 photos of Borrower and Guarantor
Advance Repayment accepted.
Personnel Guarantee – One Person

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