Vidharbha Konkan Gramin Bank Personal Loan: Vidharbha Konkan Gramin bank was first situated on 28th February 2013 to settle the aid for rural perspective to suffice their needs.
In these times of need, as we have seen, the marginalized people get affected the most, so as an aid to provide financial shelter for needy people from backward classes, this bank was generally formed.
This was situated in the area of Akola, Maharashtra. The main objective of this bank was to provide aid to rural or semiurban areas through agriculture, trade, commerce or industry, etc., which is primary, secondary, and tertiary sectors leading to great production.
Curious to check other banks’ offered Personal loan features, eligibility, interest rates, tax benefits, and a repayment plan. Go with our one-stop Personal Loan Page & swipe out your doubts within no time.
Vidharbha Konkan Gramin bank interest rates are favourable, and Vidharbha Konkan Gramin bank offers home loans. If you need a personal bank loan from this bank, you need to show personal loan documents.
Vidharbha Konkan Gramin Bank
- About this bank and main objectives
- Is this bank nationalised?
- What is the bank IFSC code?
- How can I check my income balance left in this bank?
- How can I transfer my through RTGS in Vidharbha to Kokan Gramin bank?
- Benefits of money transferring through RTGS and NEFT?
About this Bank and Main Objectives
As we all already know the main objective of this bank, we need to study the whereabouts too. For example, we should know the amount of authorised capital this bank has or is being issued.
So, in this bank, the authorised capital is 1000 lakh, and the amount of paid capital it has is 700 lakhs. The share of this bank has been credited 50 percent, 30 percent, and 15 percent by the government of India and Maharashtra, respectively.
There are 17 districts of Maharashtra where the bank is situated, with many branches counting from one to 318 branches, which is a pretty good number for rural areas as it requires special attention.
Besides chairman from sponsor banks, there are nine boards of directors. These many things uplifted the backward community and made it possible for loans in need. You are privileged enough not to go through the problems which poor people go through.
For them, it’s tough to suffice their basic needs, yes, even their basic needs. And for that, they need loans. That might be specific reasons, starting from educational purposes or setting up farms or buying all those expensive farming chemicals or for many purposes.
Thus, people, whether poor or wealthy, should have proper knowledge of how the function of a bank works or how to set up an account. These things make it easier to in work efficiency.
Is this Bank Nationalised?
Vidharbha Konkan Gramin Bank is nationalised in Chandrapur. If we talk about nationalised banks, then we know when a private bank is affiliated and bought by the government, it is known as a nationalised bank.
The perks of having nationalised bank are nothing but the security of funds you invest there. Private banks have the tendency to collapse and relapse accordingly, but nationalised banks are authorised by the government and would never collapse.
What is the Bank IFSC Code?
This is nothing but the code which is used to determine the banks and their branches.
The complete form of the IFSC code translates to the Indian financial system code, which has an 11-digit number, so when you’ll put that particular number on a website and search it, you’ll get the accurate details related to that bank.
This code has a lot of potentials as it is being used when you’re transferring your funds from one bank to another, then you must need this code.
How can I Check my Income Balance Left in this Bank?
This bank is always present at service starting from day to night, so if you want to check your balance of an account holder, you can check the balance via many modes, for example, through SMS or messages or calling on their toll-free number is 0712 – 2224319.
This is the toll-free number where you can call and ask for your details; someone from their branch will talk to you, or else you can text messages too.
The critical fact to note here is that bank details are something very personal and tragic to you. You need utmost clarity when you believe someone in your money matters, so what you should do is that you need to link your bank account with your mobile number.
Then you will get updated via your emails and stuff to keep a high check of what’s being credited or debited or what’s the update. In that way, it eases your problems.
How can I Transfer my through RTGS in Vidharbha to Kokan Gramin Bank?
This is now applicable worldwide that people are accessing online net banking for better facilities and less drama so we can to transfer our money through RTGS or NEFT.
The bank that offers such facilities has two ways first is “Real-time gross settlement and National electronics fund transfer.” There is a minimum value to be used for real-time gross settlement that is above 2 lakh and not below that; if the amount is above 2 lakh, then RTGS comes to work. These are high market value transactions.
The timing for such transactions are 9 Am to 4:30 pm on Wednesdays, and 9 Am to 2 Pm on Sundays.
There is no maximum or any minimum amount for national electronics fund transfer, and they differ from person to person. This is one such settlement that prefers to be in branches of the system, and this is the sole reason why NEFT takes more time to commence or start or work.
But this is an effective mode too, but because the money gets transferred into branches, it takes a little bit of time.
Benefits of Money Transferring through RTGS and NEFT?
You get the facility to transfer your money without being in a queue. Because all this documentation and work needs more workforce, patience, tolerance, and concentration. In today’s generation, we all are working, so these RTGS and NEFT make it more accountable and efficient to work with.
And in this mode, we do not have to use the purpose of cheques; for instance, there is no issue with cheques, so you can send your beneficiaries to the person who deals with the happening.
You can transfer your money from anywhere, anytime, using the net banking system. And suppose you doubt the whole system because you need security issues.
In that case, you don’t have to be worried because the configuration number of this SMS or message comes to your phone only, where they give you certain OPTs which only you can access, so they are a tension-free type of communication to be said properly.
All these methods are used in such Gramin banks to make them accountable for people in need. As I’ve already mentioned being from a privileged family, there are many things we did overlook.
Still, in marginalised scenarios, there are no such things as overlooking because sometimes the perks government provides does not reach the section of such people. For that, the upper or the cream section of the people gets all the facilities while people who need do not get anything.