Welcome to The Malegaon Merchants Co-op. Bank Ltd., Malegaon
The Malegaon Merchants Co-op. Bank Ltd.,Malegaon
Reg. No.: NSK/BNK/101 Date 30/03/1962
Reserve Bank License No.: UBD/MH/930 P.Date. 30/11/1987

Insurance of deposits

For the safety of customers' deposits, the bank sends the insurance premium for the upcoming six months to the "Deposit Insurance and Credit Guarantee Corporation (DICGC)," an affiliated institution of the Reserve Bank, at the end of every half-year — in March and September.

During the reporting year and previous year, the bank has sent the premiums as detailed below.

Year Total Deposits and Other Liabilities (in Lakhs) Insurance Premium Amount Date of Payment (RTGS)
31/03/2026 29054.25 1741420 30/05/2026
30/09/2025 28595.77 2024590 14/05/2025
31/03/2025 29478.39 2087080 11/11/2024
30/09/2024 29384.71 2080456

16/05/2024