Panjab & Maharashtra Co-operative Bank (PMC Bank) Listed in Multi-State Scheduled Urban Co-operative Bank Located in Panvel City,Panvel Vision and Mission ?To emerge as a strong, vibrant, most preferred premier co operative bank, committed to excellence in serving the customers, and augmenting the stakeholders value through concern, care and competence?. Profile Punjab & Maharashtra Co-operative Bank is a Multi-State Scheduled Urban Co-operative Bank with its area of operation in the States of Maharashtra, Delhi, Karnataka ,Goa, Gujarat ,Andhra Pradesh and Madhya Pradesh The humble beginning of the Bank was done in a small room at Sion, on February 13, 1984 as a single branch Bank. In a span of 33 years, the Bank has a wide network of 134 branches across six states. The Bank stands among top 10 co-operative banks of the country. Milestones The Bank was conferred with Scheduled Status by the 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 into the National platform The Bank was given the Authorised Dealer Category I License by the Reserve Bank of India for Forex business in the year 2011. Awards and Achievements 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? 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 received a ?Special Jury Award? from NPCI for the lowest dispute ratio in Co-operative Banking sector and also for the lowest unscheduled down time in 2012. Since 2004,the Bank has instituted an award in the memory of the late M.R. Pai, noted public worker and consumer activist. However, the Bank has requested the All India Bank Depositors? Association to choose the Award winner each year. Special mention The Bank has a number of firsts to its credit and takes pride in having a number of unique features: 12 hours uninterrupted service from 8 am to 8 pm in most of its branches. 360 days banking ( Sunday and Holiday Banking). Token-less banking( tellers for any amount of cash withdrawal) Set up of self-service counters for customers Tele-banking service . Introduction of special products like ?Double Decker? and ?Bal Bhavishya Yojana?. The Bank was the pioneer to mention names of payee/ Drawer in the passbook / statement of accounts to facilitate easy identification of every entry / transaction. The Reserve Bank of India, in the year 2008/09, advised other banks to adopt this practice in the interest of better customer service. The Bank launched Website, Face Book page & Twitter handle in the year 2011/12 to be noted on International platform. 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 Corporate Social Responsibility(CSR) As a part of Corporate Social Responsibility and a step forward in expansion of its business the Bank acquired following three weak banks. 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 depositors of these merged banks were paid in full. They are a satisfied lot. The Bank donates Re 1/- , against each transaction carried out through Bank?s own ATMs, to CRY & SAVE THE CHILDREN foundation. The Bank has been generously donating to the NGO Helpage India. As an expression of gratitude, the bank in its ?30th YEAR OF SERVICE WITH SMILE? has organized Health Check Up Camps for customers and well wishers Services/Facilities Demat Services Forex services Personalised Chequebooks at all branches and extension counters No charges for issue of pay orders: Charitable Institutions, Senior Citizens ,and Students (for educational purpose) can purchase pay orders free of charge. Insurance: The Bank provides Life & Non Life Insurance products to its customers. 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 called PMC Asha. Women are given benefit of additional rate offered to senior citizens at the age of 58 years Technology Initiatives The Bank provides a bouquet of tech enabled services. Any Branch Banking ( Core Banking Solution) ATM ? Shared ATM network (member of NFS) Electronic Clearance Service (ECS) National Electronic Clearing Service (NECS) AADHAR Payment Bridge Solutions (APBS) Cheque Truncation System (CTS) National Electronic Funds Transfer (NEFT) Real Time Gross Settlement (RTGS) INTERNET Banking Mobile Banking (IMPS) E ? Statement SMS Banking E- Tax Payment Lobby Banking Bunch Note Acceptor(BNA) Machine Cheque Deposit Machine Kiosk Machines Self Pass Book Printer Digital / E - Signature A toll free telephone service is available for any queries, complaints, suggestions round the clock on 1800 223 993. The motto of the bank is ?We enjoy to Serve?. Our Services Demat Services PMCB offers following demat services Know More ... 360 Days Banking The Bank works on Sundays and Public Holidays for facilitating banking services to its customers. Any branch banking Core Banking Solution (CBS) has facilitated any branch banking to the customers. PMCB also provides token less Banking for convenience at no additional cost. Safe and quick mode of remittance A step towards E- Banking ? PMCB provides RTGS/NEFT facility for immediate fund transfer anywhere in the country for marginal charges. E- Payment of taxes The Bank provides the service to the customers to pay their taxes through e- payment. Advance Tax, Self Assessment Tax, Taxes on Regular Assessment, Tax Deducted at Source, Wealth Tax/Securities Transaction Tax, Hotel Receipts Tax/Interest Tax/Estate Duty, Expenditure to other Tax/Gift Tax, Fringe benefit Tax, Centralised Service Tax (CST),Value Added Tax (VAT),Service Tax, Central Excise Duty. Debit Cards Visa Debit Card - An International Debit Card having access to the benefits privileges and extensive reach of the global VISA network.This card will also be used at VISA enabled ATMs. RUPAY Debit Card - A Debit Card to be used for domestics purposes. EMV- Chip Debit Card - A card specially designed for safety that significantly improves security for consumer card payments & reduces chances of fraudulent payments through counterfeit/lost/stolen cards. Visa Business Debit Card - A facility to the small enterprises to streamline their financial requirements as it provides them the continued, convenient access to finance & product related privileges. SMS / Mobile Banking Customers who have registered for SMS Banking can get instant information of their accounts? activities any new schemes, products launched by the bank. PMCB facilitates transaction through mobiles. Mobile Banking will facilitate the customers with following services 1. Account balance receive 2. Mini Statement 3. Instant funds transfer within and other bank through P2P and P2A transfer 4. Merchant Payment facility 5.ATM Hotmarking Minimum balance of Rs.100 and Rs. 3000 will be required to maintain in savings and current account respectively while doing transfer through Mobile Banking channel. Internet banking Internet Banking will facilitate the customers with following services Retail Internet Banking 1. Account balances view 2. Statement of accounts view and download 3. Funds Transfer within Bank 4. Funds transfer other bank ( NEFT and RTGS) 5. Facility to set future dated payments 6. Cheque status inquiry 7. Stop Payment 8. Online payments through Payment gateway 9. EPF and ESIC payment through payment gateway Corporate Internet Banking 1. Account balances view 2. Statement of accounts view and download 3. Maker/ Check facility for funds Transfer within Bank 4. Maker/ Check facility for funds transfer other bank ( NEFT and RTGS) 5. Facility to set future dated payments 6. Cheque status inquiry 7. Maker/ Check facility for stop Payment 8. Online payments through Payment gateway currently through dual user 9. EPF and ESIC payment through payment gateway currently through dual user 10.Bulk payment facility Minimum balance of Rs.100 and Rs. 3000 will be required to maintain in savings and current account respectively while doing transfer through Internet Banking channel. ATM Network Being member of BANCS, NFS, VISA Networks enables the customers to access innumberable ATM globally, wherein they can withdraw money. Life/Non life insurance products & mutual funds Punjab and Maharashtra Co-operative Bank is a Corporate Agent of Max LifeInsurance Company Ltd. IRDAI Certificate Registration No. CA0110.For allyour Life Insurance related queries, please contact our nearest Branch .Formore details, kindly visit www.maxlifeinsurance.com Locker facility PMCB provides locker facility to all its customers. Operation of lockers is available throughout the Banking hours. Self service KIOSK The self service kiosk facilitates the customers to get information about their accounts at home/office and at branch independently. Special facilities Students preparing Pay-Order in the name of an Institution or University conducting their exams are given 100% discount on the charges for Pay-Order amount not exceeding Rs.500/-.