News
Annual General Meeting on 09/09/2015 at Monghabhai Hall, Valsad New*
ATM Card is launched on 09/09/2015 New*
Net Banking Coming Soon*
Mobile Banking Available
ATM Card is launched on 09/09/2015 New*
Net Banking Coming Soon*
Mobile Banking Available
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About Us
- Financials in a nutshell (Amount in Rs. In lacs):
- PACS/ SOCIETY Serviced by the Bank Presently, VDC bank services nearly 1350 societies out which there are nearly 221 Primary Agriculture Credit Societies. There are nearly 15 different types of societies being catered by our Bank such as Credit Societies, Sales & Supply, Teachers Societies, Jangal Mandli, Employees Society, Industrial Society, etc. to name a few. There are few PACS which are functioning as good as a corporate entity such as Amalsad PACS, Maroli PACS, Gandevi, Nagdhara, Gadat, etc. which have set exemplary standards.
- Products/Services VDC Bank provides all types of deposit accounts viz, Current, Savings, Term Deposit, Recurring, etc. and Loan Products for Agriculture and Non-Agriculture purposes for various tenures – Short term, mid term and Long term and NABARD assisted or promoted Projects. Further, the Bank also provides support for government sponsored programs promoted by various Agencies. The Bank has almost all types of products looking to the demand in the region and some tailor made for specific needs.
- Technology Focused VDC Bank has implemented CBS under the NABARD facilitated program and TCS is the ASP partner for the CBS project in the Bank. Currently all the 40 Branches have been hooked up on CBS platform and the Bank is providing full-fledged CBS services to the customers at all 40 Branches viz. Inter Branch Transactions, RTGS-NEFT, SMS Alerts, CTS 2010 standard cheque personalization, etc. The VDC Bank providing Rupay ATM Cum Debit Card and Rupay KCC Card, IMPS, Mobile Banking .Shortly, the Bank will be providing Internet Banking services & UPI Services.VDC Bank is committed to implement newer and better services using the latest technological advancement.
- Audit The Bank has been having concurrent Audit as well as HO inspection team to carry out the Audit at the branches. All the 40 branches there are minimum twice inspection done by the HO team and concurrent audit done at frequent intervals as per the size of the branch.
- PACS Audit VDC Bank is the first to have Audit done at the PACS level by a separate auditor which is different than the statutory audit done by the PACS. These PACS audit is exclusively done as per the parameters decided by the Bank to ensure that there are always healthy practices being followed at the PACS level and no imbalances, diversion, etc. of the funds.
- Referral Business The Bank has tied up with Exide Life Insurance as its referral partner and is promoting the products and services as offered by Exide life to its customers. A new stream of income has been generating due to this tie-up and with newer business and premium renewal, the bank will be consistently generating income over a long period of time.
