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About Us


About Us
About Us :  
  • Punjab & Maharashtra Co-operative Bank, one of the leading Multi-State Scheduled Urban Co-operative Bank presently operates from the States of Maharashtra, Delhi, Karnataka and Goa.
  •  The Bank stands among top 10 co-operative banks of the country.
  • The Bank started its operations on 13th February,1984 in a humble room at Sion as single branch Bank. In a span of 30 years the Bank has reached a Multi State status operating in four states from 91 locations.
  • The Bank has various laurels to its credit.
  • All India Bank Depositors’ Association, well known body of the bank depositors, felicitated the Bank in appreciation of work ethics oriented to depositors service, by presenting memento in 1999.
  • The Bank has been awarded with ‘Padmabhushan Vasantdada Patil Award’ as the ‘Best Urban Co-operative Bank’ by the Maharashtra State Co-op Banks’ Association Ltd. for nine times.
  • The Bank was conferred with Scheduled status by Reserve Bank of India in the year 2000.It is the Youngest Bank to achieve the ‘Scheduled Bank’ status.
  • The Multi-State Status was conferred on the Bank by the Central Registrar in the year 2004.The Bank thus entered the National platform.
  • As a part of corporate social responsibility and a step forward in expansion the Bank acquired the following  three weak banks and the depositors of the merged Banks were fully paid.


    • Kolhapur Janata Sahakari Bank Ltd,Kolhapur in 2008
    • Jai Shivrai Nagari Sahakari Bank Ltd, Nanded in 2009
    • Chetana Sahakara Bank Niyamitha, Sirsi, Karnataka in 2010
  • The Bank was given the Authorised Dealer Category I License for Forex business in the year 2011.
  • The Bank launched Face book & Website page in the year 2011/12.
  • to be noted on International platform.
  • The bank received a ‘Special Jury Award’ from NPCI for the lowest dispute ratio in Co-operative Bank sector and also for the lowest unscheduled down time in 2012.
  • The Bank has a number of firsts to its credit and takes justified pride in having a number of unique features:

    1. The Bank is the first to introduce 12 hours uninterrupted service in all its branches.
    2. The Bank is first to remain open all the seven days.
    3. It is the first in the co-operative banking sector to install self-service counters.
    4. It is the first to introduce a token-less banking, facilitating the cash withdrawals of any amount across the counter.
    5. The bank has also introduced the concept of tele-banking.
    6. It is the first in the co-operative banking sector to introduce products like “Double Decker” and “Bal Bhavishya Yojna”.
    7. The Bank was the first to introduce the software in the year 1995 for brief mention of names of payee/ Drawee in the passbook / statement of accounts to facilitate easy identification of each entry / transaction. Happily, the Reserve Bank of India in the year 2008/09 had advised other banks to fall in line with this practice, in the interest of better customer service.

  • The Bank is always in the forefront when it comes to customer’s convenience, may it be personalized service or with the help of technology. The Bank is a pioneer of 8 to 8 Banking, Sunday & holiday Banking which was started way back in the year 1996 and it provides a bouquet of tech enabled services like Mobile Banking, Visa Debit Card, SMS Banking, and Internet Banking.
  • A toll free telephone service is available for any  queries, complaints, suggestions round the clock over on toll free No. 1800 223 993.
  • As a part of corporate Social Responsibility initiative, the bank donates, from its income, one rupee to CRY & SAVE THE CHILDREN foundation against each transaction carried out through Bank’s own ATMs.
  • As an expression of gratitude, during its “30th YEAR OF SERVICE WITH SMILE” the Bank has been organizing Health Check Up Camps for customers and well wishers.
  • The Bank has been generously donating to Helpage India.
  • With 70% Women employees, the Bank believes in women empowerment. The Bank charges 1% less ROI for education loan to girls/women. It has special saving account scheme for women. Women are given benefit of additional rate offered to senior citizens at the age of 58 years
  • While portraying as ‘Low Cost and High Value Bank’, it is a bank for masses and would also aim at serving classes with its high value and tech advanced services rendered to customers of all age groups, different cultural and social backgrounds. The motto of the bank is ‘We enjoy to Serve’.

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