1. Lokvikas Nagari Sahakari Bank Ltd., Aurangabad is registered with Co-Operative Department, Govt. of Maharashtra on 16/10/1996

Future Plans   Special Features
  1. The bank has  expanded its area of operation & open new branches through out the state of Maharashtra in near future.
  2. By the end of March 2012, the bank expects to reach it deposits upto Rs 100,00 crores and advance loans to the extent of Rs 70 crores.
  3. Bank has also started to convert its operational systems in to core shortly by Dec. 2011
  4. Planned to open new 5 Branches before March 2013.
 
  1. The bank has completed 15 years and since beginning the bank is earning the profit and paying the dividend at 12 % to its members.
  2. Since beginning the bank has been awarded ‘A’ Grade by the Auditors.
  3. The bank has introduced a scheme to assist to the families of the members after accident / death of members from Rs. 5,000/- to Rs 25,000/- out of “ Members Welfare Fund” at all our Branches

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Interest on Deposits (%)
15 to 45 days
5.00%
46 - 90 days 6.50%
91 - 180 days 7.50%
181 -365 days 9.00%
13 to 24 months 10.00%
25 - 36 months 10.25%
36 months & above 10.50%
Interest on Loans (%)
Business Loans 15%
Home Loans 13%
Vehicle Loans 15%
Personal Loans 16%
Education Loans 15%
Gold Loans 14%
Construction Loans 17%

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