Payyannur Town Bank

about us

Building the Finest Quality Bank.

branches

10k+

loans

25k+

Deposit Accounts

Welcomes to Payyanur Co-operative Town Bank

The Payyanur Co-operative Town Bank Limited No C827, was registered as a primary co-operative Bank in 1979 and subsequently brought under the purview of the Banking Regulation Act in October 1987.

services

we offer products and services for your personal and professional banking needs.

- Depositors along with insurance guarantee from DICGC up to 5 lakh
- Loans risk fund facilities as per Government order
- Loans Every type of loans are available through us except agricultural loan
- Deposits we offer high rate of interest rate to the depositors

LOCKER FACILITY

We provide locker facility for customers in all our branches.

DEMAND DRAFTS

Payyanur Co-operative Town Bank provides Demand Draft all over in India.

MOBILE BANKING

Now Bank is in the process of implementation of this facility.

ATM

we are issuing Rupay ATM cards

CLEARING

We can clear cheques for collection without any delay.

EVENING BRANCHES

Payyanur Co-operative Town Bank have a functioning evening branches .

Know more

our objectives

To finance to members and the public.
To carry on the business of Banking (‘banking means the accepting, for the purpose of lending or investment, of deposits of money from the public, repayable on demand or otherwise and withdrawable by cheque, draft, order or otherwise as defined in the Banking Regulation Act 1949).
In addition to the business of Banking, the Bank may engage in anyone or more of the following forms of business, subject to the rules and regulations framed by the Board of Directors from time to time.

IFSC
ICIC00PCTBL
MICR CODE
List of Branches with existing MICR Code
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GST No
32AAAAT7279B1ZN

account & deposits

Eligibility

The savings Bank accounts can be opened by the person/s who are competent to enter in to a valid agreement, in his / her name; by two or more persons in their joint names payable to : both or all of them or the survivor or survivors of them; OR either or any more of them or the survivor or the survivors of them; OR - former / latter or survivor of a particular person during his lifetime or survivors jointly or survivor.( Certain non-profit welfare organizations are also permitted to open Savings bank accounts with the Bank as stipulated in the RBI Master Circulars on Maintenance of Deposit Accounts). Minors having uniform signature can also open an account. Like all the accounts, SB accounts are also having the nomination facility

Current accounts are Cheque operated accounts maintained for mainly business purposes. A Current account is ideal for carrying out day-to-day business transactions.

Fixed Deposits (FD) are deposits accepted by banks for a specified period of time. In terms of RBI directives the minimum period for which term deposits can be accepted is 15 days. The banks generally do not accept deposits for periods longer than 10 years. • Eligibility for opening of Fixed Deposit A/C Resident Individuals,Sole Proprietorship Firms,Partnership Firms,Limited Companies,Trust Accounts,Association / Clubs / Societies

Recurring Deposits (RD) scheme is to enable the depositor to make a financial provision for his future needs, by paying deposits in monthly installment for an agreed period. At the end of the period, the customer can get the lump sum representing the instalment amount paid together with the interest thereon.

Under this scheme the deposit collection Agents appointed by the Bank will collect the amount direct from the depositors, regularly.