Introduction

The Irinjalakuda Town Co-operative Bank Ltd is not just any bank. It has a rich history that goes back over 100 years! In 1918, it started its journey as a co-operative society. What’s that, you ask? Think of it as a group where people come together to help each other. By 1996, it had grown so much that it became an Urban Bank. That’s a big deal!

Irinjalakuda Town Cooperative Bank

Bank Operations

Have you ever saved money in a piggy bank? Well, many people save their money in banks like Irinjalakuda. And guess what? This bank is doing a fantastic job at it!

Activity

What It Means

Details

Deposits

Money people save

People trust this bank a lot. They keep their money here because the bank offers good interest rates. That means if you save $100, you might get $110 back after a year!

Lending

Money the bank gives as loans

Need money to buy a bike or start a small business? The bank can help. They give loans to people and businesses. And the best part? More and more people are getting loans every year.

Profitability

How much money the bank makes

Just like we love getting good grades, banks love making profits. And this bank is getting better at it every year!

Bank Services

Banks offer many services. It’s like a supermarket, but for financial stuff. At Irinjalakuda, they have two main sections:

Service Type

What It Is

Why It’s Cool

Personal Banking

Services for individuals like you and me

Imagine having a special place to keep your money, get a debit card, or even get a loan for your new bike. That’s what personal banking is all about!

Business Banking

Services for businesses

If you or your family own a shop or a small company, this is for you. The bank helps businesses manage their money, pay employees, and grow bigger.

Membership and Account Opening

Want to be a part of this bank? It’s like joining a club. Here’s how:

Steps

What You Do

What Happens Next

Become a Member

Fill out a form and maybe pay a small fee

You become a part of the bank’s family. You get to have a say in some of the bank’s decisions. It’s like being in a school club, but for banking.

Open an Account

Give some details and deposit a little money

You get an account number. Now, you can save money, get a debit card, and do a lot more. It’s like getting a locker in school, but for your money.

The Irinjalakuda Town Co-operative Bank Ltd is more than just a bank. It’s a place where people come together, save money, and help each other grow. Whether you’re a student, an adult, or a business owner, there’s something for everyone. So, the next time you think of a bank, remember the story of Irinjalakuda and how it’s making a difference in many lives.

Loan Facilities

Loans are like borrowing money from a friend, but with some rules. At Irinjalakuda, they make it easy for people to borrow money when they need it.

Loan Type

What It’s For

Cool Things to Know

Personal Loans

For personal needs like buying a bike or a computer

The bank understands that sometimes we need a little extra money. So, they offer loans with easy rules and good interest rates. It’s like a friend helping you out!

Business Loans

For businesses to grow and buy things

If your family has a shop or a small company, this is perfect. The bank supports businesses to get bigger and better. It’s like giving your business a boost!

Moratorium

A break from paying back the loan

Sometimes, life gets tough. The bank gets that. They offer a break (called a moratorium) where you don’t have to pay back for a while. It’s like getting extra time for homework!

Branch Information

The bank has a home, just like we do. It’s called the ‘Head Office’. It’s where all the big decisions are made.

Branch Details

Location

Why It’s Important

Head Office

Tana South, Irinjalakuda, Thrissur District, Kerala

This is the heart of the bank. It’s where all the main actions happen. If you ever want to visit or have big questions, this is the place to go. It’s like the principal’s office but for the bank!

Digital Presence

In today’s world, everything is online. Even banks! Irinjalakuda Bank is no different. They’re on the internet and even on your phone!

Platform

What You Can Do

Why It’s Awesome

Android App

Use the bank’s services on Android phones

Imagine doing banking while lying on your bed! Check balances, transfer money, and more. It’s like having a mini-bank in your pocket!

Apple App

Use the bank’s services on iPhones

Just like the Android app, but for iPhone users. Super easy and super cool. It’s like playing a game, but with your money!

In Conclusion

Irinjalakuda Town Co-operative Bank Ltd is not just about money. It’s about making life easier for everyone. With their loan facilities, they help dreams come true. With their head office, they’re always there to listen. And with their digital presence, they’re just a click away. So, whether you’re saving for a new toy or planning to start a lemonade stand, remember that Irinjalakuda is here to help.

FAQ

It’s a bank that started as a co-operative society in 1918 and later became an Urban Bank in 1996.
The main branch, or Head Office, is located at Tana South, Irinjalakuda, Thrissur District, Kerala.
Yes, they offer personal banking services tailored for individual needs.
Absolutely! They offer business banking services to help businesses manage and grow their finances.
You can become a member by filling out a form and possibly paying a small fee.
As a member, you become part of the bank’s family and can have a say in some of the bank’s decisions.
Yes, they have mobile apps available for both Android and Apple devices.
It’s a break or pause given by the bank where you don’t have to pay back your loan for a certain period.
You can apply for a loan by visiting a branch or through their digital platforms, following their guidelines.
They offer various loans, including personal loans for individual needs and business loans for commercial purposes.
The bank follows strict regulations and guidelines to ensure the safety and security of all deposits.
Yes, the bank offers services for NRIs, including account opening.
The current rate of dividend for shareholders is 10%.
You can reach out to their Head Office at +91 480 2670300 or email them at ho@itubank.com.
Yes, apart from mobile apps, they offer net banking and other online services.

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