Andaman & Nicobar State Cooperative Bank Ltd.

At Andaman & Nicobar State Cooperative Bank Ltd., we are deeply rooted in the island communities we serve, operating as a leading cooperative bank dedicated to the financial empowerment and economic upliftment of the Andaman and Nicobar Islands. With a legacy spanning 50 years of excellence, our institution has grown to become a pillar of financial stability in Sri Vijaya Puram (Port Blair) and across the Union Territory. We are more than just a bank; we are a trusted partner in progress, committed to delivering comprehensive, accessible, and innovative banking solutions that cater to the unique needs of every islander.

From our headquarters on Maulana Azad Road, we oversee an extensive network of 41 CBS (Core Banking Solution) enabled branches, reaching from the bustling capital to the remote corners of the islands, including locations like Rangat, Diglipur, Hutbay, Campbell Bay, and Nancowry. Our position as the second-largest bank in deposits and the first in advances within the region reflects the trust our 3 lakh customers place in us. We take pride in pioneering a range of modern banking services, such as being the first bank in the Andamans to inaugurate a Solar ATM, launch a Mobile Demo Van for financial literacy, and introduce Cooperative Privilege Banking for high-worth customers.

Our Comprehensive Banking Products

We offer a full suite of banking products designed to meet every stage of life and financial goal. Whether you are starting your savings journey, managing daily expenses, or planning for the future, we provide tailored solutions with competitive rates of interest, ensuring your money works as hard as you do.

• Savings Account: A secure and flexible account to build your savings with ease.
• Current Account: Designed for businesses and individuals with high transaction volumes.
• Fixed Deposit (FD): Secure deposits with attractive returns and flexible tenures for assured growth.
• Recurring Deposit: A disciplined and convenient way to accumulate savings through monthly investments.
• Freedom Deposit Scheme: A special high-interest scheme launched to commemorate India’s 75th Independence under the ‘Azadi Ka Amrit Mahotsav’ initiative.
• Family Benefit Scheme (FBS): A financial security plan that provides a benefit to the nominee in unforeseen circumstances.
• Reinvestment Scheme (RIS): Enables customers to earn compound returns by reinvesting the interest earned on their deposits.
• Minor Account: Cultivate a savings habit in children with specially designed accounts for minors.
• Small Account: A simplified account for easier access to basic banking services.
• Privilege Banking: An exclusive, doorstep banking experience for niche and high-net-worth customers, providing personalized and hassle-free service.

Borrowing Solutions Tailored for the Islands

Understanding the local economy, we provide a diverse range of credit facilities to fuel both personal aspirations and business growth in the Andaman and Nicobar Islands. Our loans are processed with transparency and a commitment to quick, supportive service. We play a pivotal role in cascading government-sponsored schemes that directly benefit the agricultural, allied, and entrepreneurial sectors.

• Home Loan: Realize your dream of owning a home with our quick and easy home loans, featuring lower EMIs and competitive interest rates.
• Car Loan: Drive your dream vehicle with financing that covers up to the entire ex-showroom price of the car.
• Personal Loan: A versatile financial tool to manage unforeseen expenses, family events, or personal projects with ease.
• Agricultural Advances (Farm Sector): Specialized credit for farmers, including the pioneering Kisan Credit Card (KCC) scheme, which provides instant credit for crop cultivation and allied agricultural activities.
• Self Help Group (SHG) Advances: Financial and developmental support for SHGs, primarily focused on empowering women by enhancing their skill base and providing sustainable livelihood financing.

Cutting-Edge Digital & Value-Added Services

Embracing the “Go Digital Go Cashless” mission, we have equipped our bank with state-of-the-art technology to provide real-time, seamless services. Our digital infrastructure, supported by a centralized data center and the Core Banking Solution from Wipro Ltd., ensures that all 41 branches operate on a single, efficient virtual database. We continuously innovate to bring the latest national payment systems to your fingertips.

Seamless Digital Transactions

• RTGS/NEFT: Transfer large sums securely and efficiently across India.
• IMPS: Instantly transfer funds up to Rs. 2 Lakhs anytime, anywhere, using just a mobile number and MMID, or bank details.
• Micro ATM: A doorstep banking service designed for last-mile connectivity, providing cash withdrawal and balance inquiry services in remote areas.
• CTS (Cheque Truncation System): Faster, more secure cheque clearance through electronic processing, reducing float time.
• RuPay Debit Card: A highly secure, domestic card with wide acceptance at ATMs, POS terminals, and e-commerce sites across India.

Government & Financial Management Platforms

• PFMS (Public Financial Management System): A dedicated portal for real-time processing and utilization of all Government of India scheme-related transactions, ensuring direct benefit transfers to beneficiaries.
• CKYC (Central KYC): A single, central repository for your KYC documents, eliminating the need to repeat the verification process with multiple financial institutions.
• NACH (National Automated Clearing House): A robust platform for bulk transactions like salary, pension, dividend disbursement, and collection of utility bills.
• E-Mandate: A digital payment service set up by the RBI for facilitating recurring payments securely and effortlessly.

Our Commitment to Community & Financial Inclusion

Our identity as a cooperative bank is defined by our unwavering commitment to social responsibility and inclusive growth. We are instrumental in implementing vital government-sponsored social security and pension schemes. Our initiatives go beyond banking, touching lives through welfare trusts, educational felicitations, and financial literacy programs that have a lasting impact on the island community.

• Pension Disbursement (