PMC Bank on growth path

Punjab and Maharashtra Co-operative Bank ltd has achieved a landmark of opening 75 service locations across Maharashtra, Karnataka, Goa and New Delhi. Mr Charanjit Singh Chadha, chairman, PMC Bank, said “With just one branch in 1984, we have now grown to 75 service locations across the four states.

Over the past 28 years our bank has not only maintained a steady growth but has also constantly kept on adding new and unique services for our customers including extended banking hours that is 8 a.m. to 8 p.m. banking and keeping the bank open on Sundays and even on public holidays. Our customers have welcomed such initiatives and this is what has made us stand out from the crowd.” He added that, “Kishor Bachat Yojana – a saving account for kids in the age group 12 – 18 years – is very exclusive that provides a free ATM card and personalised cheque book facility”. Another popular offering called FlexiMoney Deposit Scheme, is a fixed deposit scheme structured to permit the account holder to use his/her own money whenever required. Thus, the account holder can earn an interest rate of FD while enjoying the freedom of operating saving and current account. Besides this, the customer can also withdraw any amount at any time without dismantling the entire edifice of one’s fixed deposit.”  [NT]