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At the outset, I extend my warm greetings on behalf of the Bank and heartily welcome to Latur Urban Co-op Bank Ltd family, through launch of this Bank’s innovative website, which you all are visualising right now.
During past two decades, we have expanded our wings from Latur District to Capital City of Maharashtra. With a mission to become one of the best model and ideal (UCB) Urban Co-operative Bank in the State of Maharashtra, today, The Latur Co-op Bank, is a leading and progressive Urban Co-operative Bank spread in 7 Districts of Maharashtra.
In the past 25 years, since inception, we have received various awards and laurels for the best banking bringing delight on the faces of all our worthy customers. It is an internal best reward for customer’s satisfaction which is bringing and developing long lasting relationship and making the bank as a “Latur Bank Family”
With the new initiatives & our continuous efforts towards modernisation and upgradation of the banking services, within the stipulated norms of Reserve Bank of India, we are confident that our Bank i.e. The Latur Urban Co-op Bank is having a bright and prosperous future in the eyes of all our existing and prospective customers.
As we all are aware of the (IT) Information technology revolution in the banking industry which is changing the mode of banking business, we have ensured and extended range of banking products and increased the expectations and demands of all our clients.
To be among the best in banking industry our bank is having long term vision of introducing time to time new innovative IT products for better easy and e-banking. Our vision is “Latur Urban Bank is not our Profession, It is our Mission”
As a chairperson, I place on record, my gratitude to all our valued members, customers and well-wishers for their continued confidence, support and cooperation in the past and years to come. My sincere thanks to all the learned authorities of the Reserve Bank of India, Co-operative Banks, Registrar of Co-op. Societies,Other Banks, Financial Institutions and other organizations, for their guidance and assistance extended.
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1) |
Loan Amount |
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Up to Rs. 5,00,000/- (maximum) |
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2) |
Rate of Interest |
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12% to 16% ( under the sole discretion of sanctioning authority) |
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3) |
Period |
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Maximum 12 months ( Renewal every Year) |
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4) |
Margin |
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30% |
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5) |
Guarantor |
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Two good means(explore the possibility of additional guarantee of spouse although spouse in not having any documentary income proof) |
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6) |
Share Holding |
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@2.5% of sanction limit |
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7) |
Processing Fees |
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@ 1 % of loan amount + applicable G.S.T. (amount will be reduced to the extent of 0.5% in deserving cases subject to entire banking with us) @ 0.50% every year at the time of renewal |
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8) |
Eligibility |
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20% of total Salesor 70% of (Debtors+stock-creditors)or Requested amount whichever is lower. |
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9) |
Documents |
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As Applicable. (ITR, Financials, Bank statements, Stock & debtors statement, any other as applicable) |
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10) |
Insurance |
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As applicable. (Personal insurance and insurance for stock & furniture at shop) |
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11) |
Renewal |
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Every year |
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12) |
Security |
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Hypothecation of stock + debtors – creditors, Furniture in premises, |
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13) |
Who can Apply |
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KYC APPEAL :
Dear Customer,
We would like to invite your attention to the Reserve Bank of India guidelines on "Know Your Customers" (KYC) norms and obligations under PMLA 2002, which makes it mandatory for banks to periodically update records of the customer with latest information relating to their identity proof and address proof, e-mail ids, telephone numbers etc. Hence, we request the account holders to submit required documents along with KYC updation form at your Branch. The list of KYC Documents and KYC Form is made available at the Branch or click here to download. For more details contact the Branch Manager of the concerned Branch. We appreciate your co-operation in complying with Regulatory requirements.
Aadhaar Link Account :
LPG for Domestic Cooking is heavily subsidized. In order to restrict the use of subsidized LPG, for the benefit of genuine domestic customers, every household is permitted only one registered LPG connection in the name of one of the family members. However, every registered customer is entitled to receive refills as per his domestic cooking need.
Benefits :
On opening an AADHAAR ENABLED Latur Urban Co-Op BANK ACCOUNT following benefits will be directly credited in your account :
How To Link? :
The Government subsidies will be directly credited to your account! We are committed to offer Aadhaar enabled services to our customers for receipt of various Government Subsidies / Schemes through our Branches and other delivery channels of the Bank for financial Inclusion project of Govt. of India.
Unclaimed Deposits / Inoperative Accounts :
Unclaimed Deposits / Inoperative Accounts (Term Deposits, Current, Savings Accounts) which are inactive / inoperative for ten years or more.
Customers are advised to approach the nearest branch for payment of unclaimed deposits and submit the following for making the account live:
Customers can call 9552521944/43 for support on locations of branch
Internet Banking:-
This service is available to you 24 x 7. You can check your Account Balance,Download A/c Statement, pay your Bills, Recharge your Mobile/ DTH connection, do online Shopping and much more in a secure environment.
Mobile Banking:-
You can send money to a beneficiary account from anywhere in India from your mobile phone. The money can be withdrawn by the beneficiary from his/her bank account or any ATM Machine. Once the transaction gets completed the remitter and beneficiary will get an sms confirmation of transaction immediately.
SMS Banking:-
With this service, you will receive an SMS on your registered mobile number informing you about following list of SMS Alerts .
Important Links:-
Download Forms:-
Data Center:
->Required Place on leased Click Here
->INOPRATIVE ACCOUNT LIST IN OUR BANK Click Here
->लातूर अर्बन बँकेतर्फे गुणवंत पाल्यांचा सत्कार संपन्न Click Here
-> This Ganeshotsav order happiness to your doorstep LATUR URBAN CO-OP BANK'S RuPay Card.
To know more details. Click Here
-> BCBF Facility is Available.
-> ECOMM Facility is Available.
-> Net Banking available on view facility.
Click here for HRMS login.
1. Latur Urban Co-Op Bank Limited Mobile Banking Privacy Policy Click Here
2. Terms and Conditions for “Latur Urban Co-Op Bank Limited” Mobile Application. Click Here
Co operative Act & Rules data will appear here
Retail Loan
Saving Account
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Commercial Loan
Fixed Deposit
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