Services
The Chittoor district cooperative central Bank Ltd., Chittoor was established In the year 1919 and started functioning from 01.02.1919. The bank is committed to agricultural and rural development, through its 25 branches, 76 PACSs and other Co-operative institution affiliated to the bank in the entire Chittoor district of Andhra Pradesh. A RBI licensed bank, license No.RPCD.CO-OP(H).8/05.08.01/2009-2010, to do commercial banking business in India.
The bank provides loan to the farming community in the district for Agricultural production for mainly sugarcane, Groundnut, and paddy crops and development credit for minor irrigation farm mechanization Horticulture, Dairy, Poultry, sericulture etc., weavers through Hand loom and silk weavers credit societies.
Apart from Rural development, Bank provides assistance for SHGs, RMGs, SGSY, weavers groups and govt. sponsored schemes.
The bank provides banking services to semi urban and rural Population through its attractive deposit schemes and providing other services like, safe deposit lockers, cash credits, insurance facilities.
DD Commission rates
| DD Amount |
Commission |
| Rs.1 to Rs. 5000 |
Rs.15 |
| Rs.5001 to Rs.10000 |
Rs.25 |
| Rs.10001 and above |
Rs.2 per thousand |
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| Issue to duplicated DD |
Rs.30 per instrument |
| Revalidation/Cancellation of DD |
Rs.20 per instrument |
| Issue of duplicate Pass Book |
Rs.20 with latest balance only |
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Outstation Cheques Collection Charges |
| Up to Rs 1000 |
Rs.10 |
| And up to Rs.5000 |
Rs.15 |
| And uptro Rs.10000 |
Rs.25 |
| And above Rs.10001 |
Rs.4.50 per thousand or part there of subject to a maximum of Rs. 500. |
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| Deposits Interest Rates |
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| 1 |
Savings Deposits |
4.00% |
| 2 |
7 To 14 Days (One lakh & above) |
4.00% |
| 3 |
15 To 45 Days |
6.00% |
| 4 |
46 To 90 Days |
7.00% |
| 5 |
91 To 179 Days |
7.50% |
| 6 |
180 Days To 1 Year |
8.00% |
| 7 |
1 Year To 2 Year |
9.50% |
| 8 |
2 Year To 3 Year |
9.50% |
| 9 |
3 Years To 5 Years |
10.00% |
| 10 |
5 Years & Above |
9.00% |
(0.50% extra for one year and above deposits of senior citizens, PACS, Urban Banks and other Employees societies) |
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