Introduction

Hutatma Sahakari Bank Ltd is a special kind of bank in India. It’s a cooperative bank. But what does that mean? Well, cooperative banks are made by people who come together and pool their money. They then use this money to help each other out. It’s like a community of people helping one another with their banking needs.

Hutatma Sahakari Bank

Branches and Locations

Hutatma Sahakari Bank Ltd has several branches in the state of Maharashtra. Let’s look at some of the main ones:

Branch Name

Location

Description

Mumbai Branch

Shop No 29&30, Shivajinagar Coop.HSG, Mumbai

Mumbai is a big city, and it’s the capital of Maharashtra. This branch is located in a busy area called Shivajinagar. It’s in a building with other shops and businesses.

Sangli Branch

Vasudev Chembers, Vakhar Bhag, Sangli

Sangli is another city in Maharashtra. The bank’s branch here is in a place called Vasudev Chembers. It’s near a popular area named Vakhar Bhag.

These are just two of the many branches. Each branch is like a small bank office where people can go to deposit or withdraw money, ask questions, or do other bank-related tasks.

III. Banking Codes

When we talk about banks, we often hear about codes like IFSC and MICR. But what are they? Let’s find out:

Code Type

Purpose

Description

IFSC

Used for electronic money transfers

Every bank branch has a unique IFSC code. It’s like an address for that branch in the digital world. When you want to send money to someone, you need this code.

MICR

Used for processing cheques

MICR is a special code printed on cheques. It helps banks quickly process them. It’s a way to make sure the cheque is real and not fake.

For Hutatma Sahakari Bank Ltd, here are the codes for the branches we talked about:

Branch Name

IFSC Code

Description

Mumbai Branch

HUSB0000015

This unique code helps in sending money to or from this branch electronically.

Sangli Branch

HUSB0000006

Just like the Mumbai branch, this code is used for electronic transactions at the Sangli branch.

Services Offered

Banks are like toolboxes. They offer many services or “tools” to help people manage their money. Hutatma Sahakari Bank Ltd is no different. Let’s explore some of the main services they offer:

Service

Purpose

Description

Savings Account

To save money

A savings account is like a piggy bank, but safer. People can deposit their money and watch it grow with interest. It’s a great way to save for the future.

Loan Services

To borrow money

Sometimes, people need extra money for things like buying a house or starting a business. The bank can lend them this money, which they pay back over time with some extra called interest.

Digital Banking

Online money management

In today’s digital age, many prefer banking from their phones or computers. This service lets people check balances, transfer money, and do much more without visiting the bank.

These are just a few services. The bank offers many more to cater to everyone’s needs.

Role in Maharashtra’s Economy

Banks are like the heart of an economy. They pump money, making sure it reaches every part. Hutatma Sahakari Bank Ltd plays a crucial role in Maharashtra’s economy. Let’s see how:

Role

Impact

Description

Supporting Local Businesses

Boosts economy

Local businesses often need money to start or grow. The bank provides them with loans. When these businesses do well, they create jobs and help the local economy thrive.

Encouraging Savings

Financial security

By offering savings accounts with good interest rates, the bank encourages people to save. This not only helps individuals but also ensures there’s enough money in the bank to support other services.

Digital Initiatives

Modern banking

By offering online services, the bank ensures even those in remote areas can access banking. This promotes financial inclusion, making sure everyone gets a piece of the economic pie.

The bank’s role isn’t just about money. It’s about supporting the community and ensuring everyone has a chance to succeed.

Conclusion

Hutatma Sahakari Bank Ltd is more than just a place to keep money. It’s a pillar of the community. Through its various services, it supports individuals and businesses alike. Whether it’s by lending money to a budding entrepreneur or offering a safe place for someone to save their hard-earned cash, the bank plays a vital role in Maharashtra’s growth.

In a world that’s rapidly changing, it’s comforting to know that some things remain constant. The commitment of Hutatma Sahakari Bank Ltd to its community is one such thing. As we move forward, it’s essential to recognize and appreciate the role such institutions play in our lives.

FAQ

Hutatma Sahakari Bank Ltd is a cooperative bank in Maharashtra, India, formed by a community of people to cater to their banking needs.
A cooperative bank is created by individuals who pool their resources together to provide banking services to their community.
The bank has several branches, with one prominent branch located in Shivajinagar, Mumbai.
The bank offers various services like savings accounts, loan services, and digital banking, among others.
Hutatma Sahakari Bank Ltd provides loans to local businesses, helping them grow and contribute to the economy.
Yes, the bank offers digital banking services, allowing you to manage your account online.
The IFSC code is a unique code for each branch, used for electronic money transfers.
The bank follows strict regulations and uses modern security measures to ensure the safety of its customers’ funds.
Yes, the bank offers various business banking services tailored to meet the needs of local businesses.
The bank supports local businesses, encourages savings, and promotes digital banking, playing a vital role in Maharashtra’s economic growth.
The bank may have specific charges for certain digital services. It’s best to check with the bank directly for detailed information.
You can visit any of the bank’s branches or inquire online about the loan application process and requirements.
Hutatma Sahakari Bank Ltd provides various loan services. It’s recommended to contact the bank directly for specific loan offerings.
The bank has multiple branches in Maharashtra, including prominent ones in Mumbai and Sangli.
MICR is a special code printed on cheques, helping banks process them quickly and ensuring their authenticity.

Search for IFSC/MICR Codes