Loan Schemes
Introduction
Anantapuramu Cooperative Urban Bank Limited operates on cooperative principles, where members are the foundation of the bank’s governance and growth. Share capital represents the ownership of the bank, and by investing in shares, members contribute to strengthening the bank’s financial base while gaining the right to participate in decision-making.
Value of a Share
- Each share of Anantapuramu Cooperative Urban Bank Limited is priced at ₹100.
- Membership in the bank is granted upon purchasing the minimum required shares, making the shareholder an integral part of the institution.
Eligibility for Voting Rights
- Each share of Anantapuramu Cooperative Urban Bank Limited is priced at ₹100.
- Membership in the bank is granted upon purchasing the 5 shares, making the shareholder an integral part of the institution.
Membership Benefits
By becoming a shareholder, members enjoy the following benefits:
- Dividend Earnings: Shareholders are entitled to annual dividends based on the bank’s financial performance and as declared by the Board of Directors.
- Participation in Governance: Shareholders with 5 or more shares can vote in the bank’s General Body Meetings and elect representatives to the Board.
- Financial Inclusion & Growth: Contributing to share capital enhances the cooperative movement, allowing for better financial services and community development.
- Long Term Loan Facility: To avail long term loans for any purposes, the customer shall contribute 5% of the loan principal towards share capital.
How to Apply for Shareholding
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T becoming a shareholder, members enjoy the following benefits:
- Dividend Earnings: Shareholders are entitled to annual dividends based on the bank’s financial performance and as declared by the Board of Directors.
- Participation in Governance: Shareholders with 5 or more shares can vote in the bank’s General Body Meetings and elect representatives to the Board.
- Financial Inclusion & Growth: Contributing to share capital enhances the cooperative movement, allowing for better financial services and community development.
To become a shareholder of Anantapuramu Cooperative Urban Bank Limited, follow these steps:
- Download the Share Application Form from the link below.
- Fill in the required details and attach supporting documents, including identity and address proof.
- Submit the completed form at any of our bank branches along with the requisite payment for the number of shares you wish to purchase.
- Upon verification, the bank will issue a Share Certificate, confirming your membership.
