The Mysore Silk Cloth Merchants'
Co-operative Bank Ltd.
MSCM Bank News
- Gruha Jyothi Housing Loans: Buying own home is a matter of pride for anyone. If you are seeking home loan for building your dream home..
- Overdraft Loan: Overdraft Loan is not subject to the same regulations and credit checks as most other bank loans However, the rules governing.
- Hypothecation Loan: Hypothecation is used for creating charge against the security of movable assets but the possession of the security.
- Vehicle Loan: In today's fast paced world, the necessity of vehicle cannot be denied.
- Medium Term Loan: Medium-term Loan is suitable for capital expenses. We offer Medium term loan to our customers to help them fulfil their requirements.
- Gold Loan: You can easily get instant Gold Loan from The Mysore Silk Cloth Merchants Co-operative Bank Ltd. Our loan ensures minimal documentation
- Kalpruksha Deposit Loan: Kalpruksha is an interest reinvestment scheme which can be availed on your term deposit in different head of accounts
- Property Loan / Mortgage Loan: We help you capitalise on the full potential of your property, so you can realize your personal or business goals, or even both
Facilities
Loans
| Rate of Interest: Loans | Per Anum |
|---|---|
| Gruha Jyothi Housing Loans | 10% |
| Property Loans(Purchase & Construction) | 12% |
| Property Loans(Mortgage) | 13% |
| Hypothecation Loan against Stocks | 15% |
| Vehicle Loan | 10% |
| Medium Term Loan | 15% |
| OD Against Govt. Securities (NSC) | 12% |
| Loan Against Term Deposit | 1% above the deposit rate. |
| Gold Loan | 9% |
| Kalpruksha Deposit Loan | 10% |
Deposits
| Rate of Interest :Deposit | |
|---|---|
| 31 Days - 90 Days | 4% |
| 91 Days - 180 Days | 5.5% |
| 181 Days - upto 364 days | 6% |
| 1 Year | 7% |
| Above - 1Y to 3 Years | 7% |
| Above 3Y - 5 Years | 6.50% |
| Above 5 Years | 6.75% |
| Saving Bank A/C | 3% |
| Senior Citizen/ Extra | 0.50% extra |
| Resham Shree Deposit Deposit gets doubled in 87 months | |
| For senior citizen / deposits gets doubled in 78 months | |
| Savings Bank Account (on daily closing balance) | 4% |
Reshamshree Units
Deposit can be taken in units of Rs1000/-. The unique feature is depositor can redeem units in parts during the tenure of the deposit without penalty. There is no upper limit maximum period is 10 years.
Rate of Interest On kalpruksha Deposit (Pigmy deposit)
| (Daily Deposit) Upto 3 months - No Closing | |
|---|---|
| 4 Months-6 Months | 2% S/I charges |
| 7 Months - 1 Year | No deduction |
| 1 Year - 2 years | 1.5% Interest |
| 2 Years - 3 Years | 2.5% Interest |
| Above 3 years | 3% interest |
Other Services
- Cheque drawing facility at lowest rate at branches of
- HDFC
- ICICI
- Kotak Mahindra
- Ing Vysya & Indusind Banks
- All over India
- Collection of Outstation Cheques
- Pay Orders
- RTGS
- All types of deposits are covered by insurance up to 1 Lakh
Business Hours
Head Office :
Monday to Saturday 10.30am to 2.30 pm and 3.00pm to 4 p.m
Sundays and 2nd and 4th Saturdays holidayBranch Office :
Monday to Saturday 10.00am to 2.00p.m and 2.30 p.m to 4.00p.m
Sunday 10.00 am to 1.00.p.m
2nd and 4th Saturdays holiday-
Gold Loans Available -
Over Draft -
Vehicle Loan
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