The Main source of funds of the Bank is the various kinds of deposits collected from the public namely, Fixed Deposit, Recurring Deposit, Cash Certificate, Savings Deposit, Current Deposit. The deposit position of the Bank is increasing year after year due to the high rate of interest on deposits provided by the Bank on comparing the rate of interest with other Co-operative and Nationalized banks. The rate of interest on deposit has been fixed at least 0.5% or 1% higher than other banks.
The deposit position of the Bank for the past 5 years is shown hereunder:
Year | Amount (Rs.in crores) |
---|---|
2022-23 | 522.69 |
2021-22 | 526.74 |
2020-21 | 538.28 |
2019-20 | 605.60 |
2018-19 | 163.32 |