Shree Savli Nagrik Sahakari Bank Limited, is working since 1962 as a cooperative bank in Savli, a town located in the Vadodara district of Gujarat, India. Cooperative banks like Savli Nagrik Sahakari Bank are integral to the Indian banking sector, particularly in rural and semi-urban areas, where they cater to the financial needs of local communities.The bank is founded with the objective of providing financial services such as savings accounts, loans, current account, Daily Deposit account, cash credit account, Fixed Deposit account and other banking facilities to the residents of Shree Savli and surrounding areas. Cooperative banks in India operate under the cooperative principles of self-help and mutual assistance, aiming to foster economic development at the grassroots level.
Over the years since its inception, Shree Savli Nagrik Sahakari Bank Limited has played a crucial role in supporting the local economy by facilitating access to credit and banking services, thereby contributing to the growth of agriculture & Allied Activities, small businesses, Retailers, Mahila Utkarsh, Aatma Nirbhar Specifically for Covid-19, Gold Loan Retail loans like Personal Loan, housing Loan Education Loan, Mortgage Loan and individual livelihoods in its operational area.
Like many cooperative banks in India, Shree Savli Nagrik Sahakari Bank is governed by a board of directors elected by its members, who are also its shareholders. This bank is supervised by regulatory authorities – Reserve Bank of India to ensure compliance with banking regulations and to safeguard the interests of depositors and stakeholders.
Throughout its history, Shree Savli Nagrik Sahakari Bank Limited has evolved with the changing financial landscape, adapting its services to meet the needs of its members and the community it serves. Cooperative banks continue to be an essential part of India’s banking ecosystem, bridging the gap in financial inclusion and contributing to socio-economic development at the grassroots level.
In addition to its traditional banking services, Shree Savli Nagrik Sahakari Bank Limited has embraced digital advancements in banking by offering modern digital services such as NEFT (National Electronic Funds Transfer), RTGS (Real-Time Gross Settlement), and UPI (Unified Payments Interface). These digital services have significantly enhanced the efficiency and convenience of banking transactions for its customers.By offering these digital services, Shree Savli Nagrik Sahakari Bank has not only modernized its operations but has also improved customer satisfaction by providing faster, more secure, and convenient banking options. These digital initiatives are aligned with India’s broader push towards a cashless economy and digital financial inclusion, empowering customers with easy access to banking services anytime and anywhere.
Since 2009, Shree Savli Nagrik Sahakari Bank Limited has been offering franking services to its customers. Franking is a process used for stamping documents with an authorized mark or stamp to indicate that a fee, such as stamp duty or tax, has been paid. This service is particularly beneficial for individuals and businesses involved in legal agreements, property transactions, and other financial documents that require official validation.
By providing franking services, the bank facilitates convenient and efficient handling of documentation that requires stamping, eliminating the need for customers to visit external agencies for such services. This adds to the overall convenience and efficiency of banking transactions for the bank’s clientele.
Moreover, offering franking services aligns with the bank’s commitment to enhancing customer service and providing comprehensive financial solutions beyond traditional banking products. It also underscores the bank’s role in supporting local businesses and individuals by meeting their diverse financial needs in a timely and convenient manner.