Co-operative Banks in India

The Co-operative banks are small-sized units established under the Co-operative Societies Act of different states to function within a given limited area like on state level, district level or village level. They are regulated by the Reserve Bank of India (RBI). They have been established with a motive of 'no-profit no-loss' and hence do not look for maximising their profits. Co-operative banking structure in India is categorised into 3 broad sectors:

1. State Co-operative Banks- Total 31
2. Scheduled Urban Co-operative Bank- Total 54
3. Non-Scheduled Urban Co-operative Banks- Total 1528

• Co-operative Banks work on the objective of cooperation, self-help and mutual help.
• Co-operative Banks in India protect the rural people from the clutches of money lenders and from exploiting the poor population.
• They have a better local reach as they are intimately familiar with the local area.
• They have in-depth knowledge of the local areas, their conditions and problems existing there.
• They have a very strong personal relationship with their customers as they make a personal interaction with their customers and try to resolve their queries on priority basis which other types of banks fail to do.
• They work on the principle of "no profit-no loss".
• The interest rates offered by them are very competitive either on deposits or on loans.

You can explore more about List of Urban Cooperative Banks in India and List of Scheduled Cooperative Banks in India and List of Non-scheduled Cooperative Banks in India with their branches, IFSC, MICR code etc with the help of different links given in the list below.

Find IFSC code, SWIFT code, MICR code and BSR code for co op banks in India with the help of different links given below. Also find complete information of co op bank, branch details including road direction and ATMs locations of co op bank. You will get complete information of all india co op banks.