ABOUT BANK

Muzaffarangar District Cooperative Bank Ltd., Muzaffarnagar was established on 12th August 1927. Since it's inception the bank has been rendering dynamic and dedicated services to the people for the overall economic development of the District in general and Rural Development in particular.

The Bank got licence from RBI vide No. RPCD.LK.25(DCCB) Dated 06-07-2012. The bank has got a good reputation among all banks working at Muzaffarnagar and Shamli districts of Uttar Pradesh.

This bank is operating through it’s Head Office located at Court, Road Muzaffarnagar, Uttar Pradesh (India) and it has grown as one of the leading bank in the State of Uttar Pradesh in the Cooperative Sector. The bank has been functioning as a self dependent profitable financial institution for last many years. For the implementation of developmental policies and keeping the financial and organisational commitments, the Ministry of Finance, Govt. of India have honoured the bank with the "BEST PERFORMANCE AWARD" for consecutive three years viz. 1999-2000, 2000-2001 and 2003-2004 under the scheme promoted by NABARD.

It has a strong resource base of 44 branches and a working capital of Rs.19072.53 lakh and owned fund of about Rs.141977.16 lakh as on 31 March 2014. The Bank earned a gross profit of Rs.26.52 crores the end of 31st March 2014. The Statutory Audit has been categorizing this bank under Ä" category for the last three decades. This bank holds overall 3rd position in the District in terms of deposit mobilisation and loan disbursement after the State Bank of India and Punjab National Bank.