The Bank bagged Award for “BEST YOUTH CUSTOMER ENGAGEMENT” by the Banking Frontiers, Mumbai. The award was received by Sri Umesh Chand Asawa, Managing Director at “Frontiers in Co-operative Banking Awards(FCBA)” function held at Pride Plaza Hotel, New Delhi on 18.09.2016

The Bank has been awarded with 3 trophies in recognition of the “BEST CBS IMPLEMENTATION”, “BEST BRANCH INITIATIVE” and “BEST IT HEAD AWARD(individual Award Category) by the Banking Frontiers, for the year 2014-15, India’s first publication of its kind on Banking Technology and Business issues. Sri Umesh Chand Asawa, Managing Director & CEO received the awards at a function held at Goa on 9th & 10th October, 2015.

Excellence Award
Sri Ramesh Kumar Bung, Chairman receiving the Award from Tourism Minister Smt. J. Geeta Reddy.


ISO 9001 : 2008 certification
Sri Ramesh Kumar Bung, chairman receiving ISO 9001:2008 Certificate.


3 Accolades from Banking Frontiers
Sri Ramesh Kumar Bung, receiving the Award from Banking Frontiers, Mumbai

  1. “Business Leader Award 2012” from TV5 News in the category of Financial Services Sector(Sri N.Kiran Kumar Reddy, the then Hon’ble Chief Minister of Andhra Pradesh presented the award)
  2. “Best Alternate Channel Project “ Award from Banking Frontiers, Mumbai
  3. “Third Leading Contributor”  Award in promoting IMPS transactions by NPCI, Mumbai
  4. “National Stress Management Award-2013” by ISMA, ni-msme.

Basic Savings


No Minimum Balance, No initial deposit to open the account.

No restrictions like Age, Income Criteria for opening BSBD Account.

All provisions of KYC, AML, PML are applicable.

Passbooks are given free.

Maximum of Four withdrawals in a month including ATM withdrawals;

RuPay ATM Cum Debit Card with Accidental Insurance of Rs. 1.00 Lac free

No charges for all the above facilities



The Hon’ble Prime Minister in his Independence Day Speech on 15th August, 2014 announced a comprehensive program of Financial Inclusion targeting the large number of people who are currently deprived of even rudimentary financial services. The PradhanMantri Jan DhanYojana (PMJDY) sets out to provide a basic Bank account to every family who till now had no account.