Introduction

Surat National Cooperative Bank Limited is a notable bank in India. It’s a key player in the cooperative banking sector, which is crucial in India for supporting individuals and businesses financially.

Surat National Bank

History and Background

The bank was established with a mission to cater to the banking needs of the local populace. Over the years, it has expanded its services and reach.

Year

Milestone

Description

1972

Starting Point

The bank was founded to serve the people of Surat.

Various Years

Growth

The bank expanded its services, reaching more customers and enhancing its offerings.

Services and Offerings

Surat National Cooperative Bank offers diverse accounts. They have savings accounts for secure money storage and current accounts for daily business transactions. The bank also provides loans with attractive interest rates.

Account Type

Purpose

Details

Savings Account

Saving Money

A secure option for individuals to save their funds.

Current Account

Daily Business

Ideal for businesses with frequent transactions.

Loan Facilities

Borrowing Money

Loans are available with competitive interest rates.

Branch Network and Accessibility

The bank boasts several branches in Surat and across Gujarat. Customers can access services both in-person and online, ensuring convenience and accessibility.

Location

Branches

Accessibility

Surat

Multiple

Branches cater to various banking needs of the local population.

Gujarat

Several

These branches extend services across different regions in Gujarat.

Online

Digital Services

Online banking options provide ease and convenience for customers.

Customer Experience and Support

The bank is committed to excellent customer experience. It offers efficient services for daily transactions and robust customer support, ensuring customer satisfaction.

Service

Purpose

Customer Experience

Daily Transactions

Everyday Banking

Streamlined services for hassle-free daily banking.

Customer Support

Help and Support

Responsive support to address and resolve customer queries.

Financial Health and Performance

Surat National Cooperative Bank has shown good financial health. It’s important because it shows the bank is strong and can support its customers.

Aspect

Details

Explanation

Financial Performance

Recent Years

The bank has had stable financial results. This means it’s doing well in managing money and making profits.

Local Economy Contribution

Impact

The bank plays a big role in the local economy. It helps businesses grow and supports the community financially.

Community Engagement and Responsibility

The bank doesn’t just focus on money. It also cares about the community. It runs programs to help people and supports local businesses.

Initiative

Purpose

Community Impact

Social Responsibility

Giving Back

The bank runs programs for education, health, and more. This helps improve the lives of people in the community.

Local Business Support

Economic Growth

By supporting local businesses, the bank helps the local economy grow. This creates jobs and opportunities.

Facing Challenges and Seizing Opportunities

The bank faces competition from bigger banks. But it also has chances to grow. It can use technology and reach more customers.

Challenge

Opportunity

Strategy

Competition

Standing Out

The bank can offer unique services to attract customers.

Growth

Expansion

There are chances to open more branches and offer new services.

Future Outlook

The bank is planning for the future. It wants to grow and use new technology. This will help it serve customers better.

Plan

Purpose

Future Vision

Expansion

Growth

The bank wants to open more branches. This will help it reach more people.

Technology Adoption

Modern Banking

Using new technology will make banking easier and safer for customers.

Conclusion

Surat National Cooperative Bank Limited is more than just a bank. It’s a part of the community. It has faced challenges but also has big plans for the future.

FAQ

It’s a cooperative bank in Surat, India, offering various banking services.
The bank was founded in 1972.
They offer savings accounts, current accounts, and loan facilities.
Yes, businesses can use current accounts and other services.
Yes, the bank provides loans with competitive interest rates.
The branches are mainly in Surat and other parts of Gujarat.
Yes, customers can access banking services online.
Yes, the bank participates in social responsibility initiatives.
It supports them through loans and other financial services.
It faces competition from larger commercial banks.
Yes, the bank plans to expand its branch network.
Yes, the bank is embracing new technology for better services.
It supports businesses and community projects, boosting the economy.
Information on specific student accounts is not provided.
Yes, you can start the process online, but may need to visit a branch.

Search for IFSC/MICR Codes