Ahmednagar Merchants Co-op Bank Limited

The most popular systems of money transfer are NEFT, RTGS and IMPS which made banking service very easy in multiple ways. Reserve Bank of India (RBI) introduced these two systems for development of banking service by rendering quick, safer, economic and efficient fund transfer from one bank to another. The customers of Ahmednagar Merchant's Co-operative Bank Limited, Maharashtra also have the facilities of NEFT and RTGS to pay and receive the money of all the bank branches in our country. Transfer of funds to all bank branches is possible through NEFT and RTGS with a unique code known as the IFSC code.

The Reserve Bank of India allotted a special and unique character known as IFSC code that contains 11 digits which are in alphanumeric. For example, the IFSC code of Ahmednagar Merchant's Co-operative Bank Limited located in Aurangabad on Station Road is AMDN0000108. This code is divided into 3 parts. The first 4 digits AMDN are alphabets in capital letters which represent the bank name Ahmednagar Merchant's Co-operative Bank Limited . The fifth digit is 0 (Zero) which in numeric provided for future use. The last six digits of this bank is 000108 which is a numeric that helps to identify the branch name located at Aurangabad on Station Road. The IFSC code is very essential for any online transactions like NEFT, RTGS, IMPS etc.

Easy way to find IFSC and MICR codes for Ahmednagar Merchant's Co-operative Bank Limited ?

The account holder of Ahmednagar Merchant's Co-operative Bank Limited can easily find the IFSC and MICR code in their bank passbook which is printed on the front page. The customers having cheque facilities can find both codes printed on the cheque leaf. IFSC code is printed on the top of the cheque leaf and found below the address field which is printed in a box. MICR code is printed at the bottom of the cheque leaf which is found in the middle next to the cheque number. If the customer doesn't have a passbook and cheque leaf, they can reach the nearest bank branch and get the details by providing the account number and bank branch name.

The customers of Ahmednagar Merchant's Co-operative Bank Limited can find IFSC and MICR codes on their bank website or in private websites. It is very easy to find these codes by providing input information or filling details asked in the column like bank name, state, district and bank branch name. After providing all details the account holder can find the IFSC and MICR code displayed in the monitor. The website also provides a list of bank names, states, districts and branch names along with its address. The customers can select the details provided in the lists and get the details of IFSC and MICR codes in a few seconds.

Ahmednagar Merchants Cooperative Bank Limited Branch Details

• Maharashtra

ABOUT AHMEDNAGAR MERCHANT'S CO-OPERATIVE BANK

Ahmednagar Merchant's Co-operative Bank Limited in Maharashtra started as a traditional banking institution on 30 October 1972. The bank was established in small size but it's an important part of this bigger digital banking revolution. Initially, the bank was launched as a traditional banking institution, later it was modernized to be a futuristic bank today.

In olden days, cash was the only form of money and the local moneylender was the only source of credit, this bank with the support of Government initiative and citizen awareness, banking services reached to the end of the social spectrum and banks became the power engines of socio-economic growth.Now, this bank has introduced next-generation services like cashless banking, e-statements, e-commerce available to its customers. Today, account holders can do banking services themselves by downloading mobile apps on their smartphone.

PROVIDES VARIOUS LOANS

Ahmednagar Merchant's Cooperative Bank offers easy and efficient loans at low interest rates. The various types of loans provided by this bank are business loan, gold loan, vehicle loan, home loan, education loan, machinery loan, loan against fixed deposits, loan against property, loan against share and LIC loan.

Merchant Loan

The bank provides Merchant loan funds to businesses in exchange for a percentage of the businesses daily credit card income.

Business Loan

According to statistics, smaller businesses in the digital era need no huge investment. In 2019, the small and micro business loan application number was declined. The bank provides large business modules and industrial level businesses to accelerate the application for business loans.

Ahmednagar Merchant's Co-op Bank Ltd, extended the business loan at the minimal best rate of 9%. The business men can claim business loans today to get started sooner to bring their ideas true.

Gold Loan

Gold Loan is one of the best and safest collaterals for banking institutes. It is equally safe for the customers as they pay loans on time. One of the best options is Gold Loan which is the safest decision.

The bank applies an LTV ratio of 70% and offers the loan at an interest rate of 10%. Banks will take an average price of gold for the last 30 days to estimate the value of the gold to calculate gold loan eligibility.

Education Loan

Education is the undeniable thing and has to be given to the right person at the right time. The education pursued may earn a lot more than they spent off. Hence, the education loan offered in this bank is at a minimal rate.

The bank provides education loans at just 10% for the students on whom it believes that they all pay back to the nation. It provides this loan with the concept of 'Together we will raise and together we will grow to the heights of glory'.

Vehicle Loan

Ahmednagar Merchant's Co-op Bank Ltd provides vehicle loans to its customers for automobile purchase with the concept that it could save time, bring comfort and to be punctual in their daily works. The bank values these things over money. And hence, it provides a vehicle loan at 11% interest to its customer.

Home Loan

Anyone who postponing home purchase, would result in worse decisions as they make big mistakes in their life. Day by day, rates of real estates are meant only to ascend. So, the bank is ready to give home loans to its customers who decide to have a home for them.

It is always beneficial for the borrower to pay EMIs of their own home instead of paying rent to some other building owner. AMC bank lends the home loan at 10% interest.

Loan against property

Holding a property, either an asset or a liability for the owner surely will turn out to be beneficial for them. The owner can avail a loan against their property that too with a low-interest rate. The property owner is eligible to get the loan against their property if they produce the required documents. More than half of the property valuation could be granted as a loan to them. Moreover, the interest rate remains significantly low.

The Services

The bank provides end-to-end banking services ensuring the overall execution of financial and digital banking services. The bank renders quick bill payments via internet banking as the easiest way to pay your utility bills such as electricity, gas, Insurance, telecom etc. This bank has cheque payment facilities against demand deposits that makes it possible to directly settle payments without the use of cash. The benefits of RuPay debit cards are the flexibility of the product platform to address the needs of merchants. Digital banking or rather revolutionary banking is now a big hit in the world which is offered in this bank.

Mobile Banking

Mobile banking is all about having banking services in a single app on the smartphone. It offers mobile banking services which are integrated with mobile apps. The app allows the account holder to perform all banking services through the app without the need for any bank person assistance or authorization. The customer can transfer funds from one bank to another bank account, can check their account statements, check the status of deposited cheque, etc.

Personal Banking

A few banking services are privileged to be performed by users for themselves. Ahmednagar Merchant's Co-op Bank Ltd performed to take care of all personal needs by providing security without interfering with their personal matters.

SMS Banking

Even today, written things bring a level of assurance. Hence the importance of SMS is rising. The SMS banking helps to request for a cheque book, e-passbook, activation and deactivation of debit and credit cards, set the card limit and can get the recent transaction history.

All the banking activities were made easier, quicker, secure and less hectic. Moreover, SMS banking doesn't need a network or data plan activated. It just needs the mobile number to be registered with the bank.

ATM Facility

Ahmednagar Merchant's Co-operative Bank Limited is providing very convenient ATM service to its account holder. Consumers can now benefit from ATM facilities in all the places where the bank branches reside. The account holder can withdraw, transfer or check their balance anytime which works 24*7 hours.

The bank makes sure that it provides best with all the ATM-related services. It strives to keep the customers updated readily. It is aiming to expand the ATM facilities across the nation, for customer service. The bank offers an instant saving account, ATM card facility, e-mails the customers to know more about the best service available.

The need for money could arise absolutely at anymoment. Ahmednagar Merchant's Co-op Bank Ltd helps to access 24*7 hours to get money at any moment. Checking account balance is done quickly, to know recent transactions it helps provide a mini statement without the need of a bank assistant, and these services can be done by the customer through personal banking.

For further details contact Ahmednagar Merchant's Cooperative Bank Limited,
Plot no. 33, Station Road, Market Yard,
Ahmednagar, Maharashtra - 414001.,
Telephone: 0241-2322222, 77210 82223.
E-mail:

• info@amcbank.in
• amcbank@rediffmail.com