Anicadu Service Co Operative Bank Ltd - Anicadu SCB

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Service Co-operative Banks and its Objectives


A bank is a financial complex that accepts deposits from customers and recurring accounts then create  Demand for Deposit. In other words, a bank is the financial source of our state. When it comes to the matter of Service-Co-operative banks, it is the skeleton of villages in our state. All financial needs of cour common village people are met by these banks.
aniccadu co operative bank


These banks can approve a simple personal loan to agricultural loans to support the peasants as well as farmers of the village. They stand to ensure banking with customer anytime and anywhere with the all latest stage of technology. And always try to maintain a customer-centric relationship. Efficient utilization of human resource brings various opportunity to serve the people.

Co-operative banks are also known as Consumer Co-operative. It helps to fill the need inside a community of people. Organized to give members more control over the bank.

Features of Co-operative Banks


  • Voluntary Association -Elected by the shareholders
  • Open Membership - Anyone under the age limit can ensure membership.
  • Service Motive - Service is the prime concern.
  • State Control 
  • Democratic 
  • Management 
  • Separate Legal Entity
  • Distribution of Surplus






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