Welcome To Alappuzha Govt Servants Co-Operative Bank
About Us
When the scarcity of foodgrains was intensely high in 1960s, the government employees and former Alappuzha district collector Mr. Kaleeshwaran raised this bank to provide rice and other grocery items to government employees at subsidized rates.
The institute has become a special grade bank with a share capital of ₹2 crore, ₹84 crore of investment, ₹54 crore loan standby, and ₹86 crore operating cost with dividend of 25% for members. Having 8,662 A-class members, our bank runs a branch in Neerkunnam and a Neethi medical store in Vandanam.
8,662
A-Class Members
25%
Member Dividend
₹84Cr
Total Investment
₹54Cr
Loan Standby
Quick Services
Personal Loans
Up to 12 Lakhs for 100 installments @11.00% per annum
Emergency Loans
Up to 1.5 Lakhs @ 10.00% interest - Issued within 24 hours
Housing Loans
Up to 20 Lakhs for 216 installments @ 11% per annum
Gold Loans
Up to 5 Lakhs @ 8.88% per annum for 6 months