About PDCB

In the initial days this bank was functioning as part of Malabar District Cooperative Bank. After formation of Palakkad district in 1963 the bank was named as Palakkad Central Cooperative Bank. This bank started functioning as Palakkad District Cooperative Bank from 1985. The bank started its initial work in this district with Deposit of Rs.46.54 Crores and Rs.92.45 Crores as Advances.

Details of Member Societies in the bank:
  1. Primary Agrl. Cr. Co-op. Societies – 96
  2. Licensed Urban Co-op. Banks – 4
  3. Handloom Weavers – 31
  4. Other Industrial Societies – 64
  5. Employees CS – 53
  6. Milk Societies – 163
  7. Marketing Societies – 41
  8. Other Societies – 155
Total - 607

Model Operations to the Cooperative Movement:
Interest-free loan to Paddy Farmers was conceptualised and introduced first time in India.
This scheme was accepted warmly by paddy growers and has helped in fast spreading paddy cultivation.
Jilla Bank remits whole insurance premium amount for Paddy Harvest Loan Scheme for paddy growers.
Banking in Tribal areas was introduced for the first time in India through Mobile Banking unit.
To help the paddy growers Jilla Bank has taken the reins of leadership in forming consortium including all primary cooperative banks in the disctrict to release payments to the farmers during the procurement time.

Available different Deposit schemes of the bank:
  1. Interest upto 9.75% for Deposits
  2. Insurance protection for all deposits
  3. Attractive daily interest scheme for Savings Bank Accounts
  4. Recurring Deposit
  5. Attractive Deposit Schemes like “Swayamvardhini” for all types of customers
  6. New Deposit Schemes to develop savings attitude among people, like Pension Scheme, Marriage Loan Scheme, Education loan scheme.
  7. Zero balance – No-frill account
  8. Locker facility for customers of the bank.
Available different Loan schemes of the bank:
  1. Different Loans upto Rs.40 Lakhs at reduced Interest rates
  2. Housing Loans
  3. Interest-free Loan upto Rs.1Lakh for paddy growers
  4. Agricultural Gold Loan at 7% interest
  5. Loan at reduced interest rate for Milk producers through “Ksheerapadham” scheme
  6. Self Employment Loan to Kudumbashree through ‘Bank at the Door-step scheme’(Veetumuttathoru bank)
  7. Loan through Indira Aavaas Yojana
  8. Loan through EMS House Building Scheme
  9. Loan at reduced interest rate through JLG
  10. Loan for Self employed entrepreneurs through “Swarosgar scheme
  11. Cash Credit scheme for traders
  12. Cash Credit Loan for contractors
  13. Middle range Loans for Head-loaders
  14. Vehicle loan scheme

Other special features:

  1. Wholly controlled by RBI
  2. NABARD, controlling authority of cooperative banks in India, has awarded  Grade A to the bank.
  3. Helping State Public Transport System by extending loan to KSRTC
  4. Introducing schemes to help Societies function in the converage gap in the district to come out of coverage gap and loss.
  5. Prepares an Annual Development Action Plan on Deposits, Loans and Loan Arrears of Cooperative Societies in the district and evaluate progress of Action plan in quaterly conferences of Primary Cooperative banks in the district.
  6. Financial help to Literary Workers Cooperative Society as part of “Cooperative Navaratnam Keraliyam”.
  7. Strong and active endeavours to control price of commodities during Onam season by organising Onam Markets (Onachantha) of wide range of commodities.
  8. Women cell to address complaints from women as part of women empowerment.
  9. Inclusive Family get-together (Kudumbasangamam) of all staff, Board of Directors and family members of them.
  10. One Time Settlement schemes for loan defaulters
  11. Successful completion of implementation of Phase 1 of Comprehensive Cooperative Development Plan and also on-going progressive implementaion of  Phase 2 of the Plan.
  12. By implementing Interest-free loan schemes and inclusive banking in tribal area Palakkad Jilla Cooperative Bank has created history and has become a role model for Cooperative institutions in India. The bank is using all possibilities to implement Tech-banking to improve service to its customers at par with other banking institutions. We seek our customers’ cooperation and help in our victorious journey to the betterment of our customers, well-wisers and the society at-large.
  13. Working in the fastest CBS Platform – POLARIS.

  • Jun 21
  • Feb 20
The Palakkad District Co-operative Bank Ltd. All rights reserved.