• 0478 2822236
  • cherthalagscb235@gmail.com

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Bank Profile

General Aspects

Employees’ Co-operative societies belong to the category of Non-Agricultural credit societies. This type of societies organized among salaried class particularly in the fixed income groups to remove them from the clutches of unscrupulous creditors by providing the alternative honest source of credit. The main objective of the society is to promote thrift and savings among the employees and to provide credit facilities to them. A class membership is opened and allowed to confirmed employees only and membership is terminated at the moment of retirement and withdrawal of share there after.

Constitution of the Bank

Bye law is the constitution of the bank. The subject matter of byelaw includes, the name of the bank, area of operation, objects, share capital, membership, rights and duties of members, liability, amendment of byelaw.

Clarification of the subject matter of by law

  • Name
    Cherthala Govt.Servants’ Co-operative Bank Ltd.No .235
  • Area of operation
    Area of operation of the bank is restricted to Cherthala taluk.
  • Object
    The main object of the bank is to encourage thrift and savings among members and to avail lending facilities to them.
  • Membership
    Membership is normally permitted to employees of Govt. of Kerala, but on one condition that the member is either residing or working at Cherthala taluk. A class members are share holders, i.e. they are the real owners of the bank. Bank has 4500 members. Bank has Nominal members also. For getting banking facility, the customer will be a member of the bank, either A class or nominal. All kinds of loans are providing to A class members and only gold loan is providing to nominal members.
  • Liability
    Liability of the bank will be limited to the shares.
  • Share Capital
    Authorized share capital of the bank is RS.500,00,000/- (5 Crore) and Paid up share capital is Rs. 3,10,29,520/-
  • Rights and duties of members
    The all a class members of the bank constitutes the general body of the bank. General body is the ultimate authority relating to the affairs of the bank. General body consists of the A class members only. The main functions of the general body are specified below.

    1.Prepare programme of the activity for ensuring year
    2.Election and removal of elected members of the board of directors.
    3.Approval of Annual budget
    4.Passing of Annual report.
    5.Amend mend of byelaw.
    6.Expulsion of members etc.

Latest news

    സ്വാഗതം

    welcome to Cherthala Govt. Servants Co-Operative Bank Ltd.

Current Interest Rates

  • 9.25%

    Gold Loan

  • 9.5%

    Housing Loan

  • 9.5%

    Vehicle Loan

  • 8.25%

    Fixed Deposit

  • 8.75%

    FD - Senior

  • H.O.

    Cherthala P.O., Alappuzha District
    Kerala, South India - 688 524
    Phone: +91 478 2822236
    Email: cherthalagscb235@gmail.com

  • Main Branch

    Main Branch Cherthala
    Hospital Road, Cherthala P.O.
    Alappuzha District
    Kerala, South India - 688 524
    Phone: +91 478 2820336
    Email: cherthalagscb235@gmail.com

  • Thuravoor Branch

    Narayanamamangalam Shopping Complex
    Thuravoor P. O., Cherthala - 688 532
    Phone: +91 478 2563248
    Email: govtscbtrvr@gmail.com

  • Poochackal Branch

    Near Sub Treasury, Poochackal P.O.
    Cherthala - 688 526
    Phone: +91 478 2522216
    Email: cherthalagscbpckl@gmail.com

  • SL PURAM Branch

    South of Kanjikkuzhy Jn., SL Puram P.O.
    Cherthala - 688 526
    Phone: +91 478 2865554, 8304852236
    Email: cherthalagscbslpm@gmail.com

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