1. - By Aditya Gupta
Roll no. 857
B.B.A LLB (Hons.)
VI Semester

2. The Beginning
 The Bank was started by a group of social workers and
labour movement activists, 1964, with a small share
capital of Rs. 5,000.
 In a short period of time Abhyudaya Co-op. Credit
Society got converted into an Urban Co-op. Bank.
Finally in June 1965, Abhyudaya Co-op. Bank Ltd. was
established with the motto of "Prosperity through Cooperation".

3. 
As on 31st March 2013, the bank has 1.51 lakh members and more than 16.66 lakh
depositors.

Bank has achieved substantial growth in all perspectives reflecting an overall growth
of 20.64% in business mix & total business mix of the bank has reached over Rs.
13145 Crore.

As on 31st March 2013, Bank’s Deposits have reached upto Rs. 8036.40 Crore with
rise of 23.27% while Advances have reached upto Rs. 5108.88Crore.

Paid up Capital and Reserves have amounted to Rs. 970.08 Crore and Investments
are to the tune of Rs. 3428.00 Crore.

For the F.Y. 2012-13, the Net Profit of the Bank after tax/provision stood at Rs.
91.22 Crore.

4. Time Period
Rate of Interest for
General Public, Trusts
etc.
Rate of Interest for Senior
Citizens
Less than 6 months
8.00
8.50
Above 6 months but not
9.50
10.00
9.75
10.25
`10.25
10.35
8.50
8.75
more 15 months
Above 15 months but not
1more 24 months
Above 24 months but not
more 36 months
Above 36 months but not

5. Deposits (in crores)
1,000,000
800,000
600,000
400,000
200,000
0
2010
2011
2012
2013

6. 1.
2.
3.
4.
5.
MONTHLY INCOME DEPOSIT SCHEME
QUARTERLY
INTEREST
DEPOSIT
SCHEME
QUARTERLY
INTEREST
CUM
REINVESTMENT PLAN
RECURRING DEPOSIT SCHEME
ABHYUDAYA TAX SAVING SCHEME
(ATSS)

7. 
WHO CAN OPEN AN ACCOUNT :
◦
◦
◦
◦
◦
◦
◦
◦

An Individual in his/her name
More than one person jointly
An illiterate person
A blind / visually Impaired / Incapacitated Persons
A guardian on behalf of minor in the minor's name
Clubs, Association, ( only if registered)
Local bodies, all types of Co-operative Societies or any other body
Student who has completed 14 year of Age.
PASS BOOK: Pass book will be supplied to every savings Bank depositor
showing the his account number, Name, address, transactions with
date, amount and particulars.

8. 

INCIDENTAL CHARGES: If a minimum balance of Rs.1000/- (with
cheque book facility) or Rs.300/- (without cheque book facility) is not
kept, the Bank will charge incidental charges at the rates as in force from time
to
time.
Also refer to our Service Charges elsewhere on this site for other incidental
charges.
Initial Deposit for opening Savings Bank Account & minimum balance to be
maintained in the account :
With Cheque Book Facility - Rs.1,000/Without Cheque Book Facility - Rs. 300/-

9. FEATURES OF THE DEPOSIT ACCOUNT OF
ABHYUDAYA BANK


MINIMUM DEPOSIT : Rs. 500/INTEREST :
◦ Interest will be paid on the deposits at the rate in force from time to time.
◦ Interest amount will be paid Quartely.
◦ Interest will either paid in cash or credited to the Bank Account of the depositor.
TERM DEPOSIT CERTIFICATE : The Bank will issue a certificate in favour of
the depositor /s showing the amount deposited, the period for which the deposit is
accepted, maturity date and maturity amount.

DUPLICATE CERTIFICATE : In case of loss of original Fixed Deposit
Certificate the depositors would have to intimate the Bank immediately. On an
application satisfying the prescribed rules the certificate indicating the particulars of
the deposit will be issued to the depositor. The Bank will charge Duplicate Certificate
at such rates as in force from time to time.

LOAN AGAINST DEPOSIT : 90% Loan against deposit amount is available.
◦
◦
◦
◦
Any person or persons approved by the Bank.
Co-operative Societies, Registered Trust, Institutions and Associations.
By two or more persons in their joint names.
By a natural guardian i.e. father or mother approved by the Bank on behalf of a

10. ORIENTAL BANK OF COMMERCE : AN
INTRODUCTION

Established by Late Rai Bahadur Lala Sohan Lal in 1943.The bank was
nationalised on 15 April 1980. Within a decade the bank turned into one of
the most efficient and best performing banks of India.

The bank has progressed on several fronts crossing the Business Mix mark
of 2 lac crores as on 31 March 2012 making it the 7th largest Public Sector
Bank in India, achievement of 100% CBS, reorienting of lending strategy
through Large & Mid Corporates and establishment of new wings
viz., Rural Development and Retail & Priority Sector.

The Bank has to its utmost credit lowest staff cost with highest
productivity in the Indian banking industry.

11. VISION STATEMENT
"TO BE A CUSTOMER FRIENDLY PREMIER BANK COMMITTED TO
ENHANCING STAKEHOLDERS VALUE“
MISSION STATEMENT
 Provide quality, innovative services with state-of-the-art technology in line
with customer expectations.

Enhance employees’ professional skills and strengthen cohesiveness.

Create wealth for customers and other stakeholders.

13. Time Period
Rate of Interest for
Deposit less than 1 Cr.
Rate of Interest for
Deposit more than 1 Cr.
Less than 6 months
8.75
9.00
Above 6 months but not
9.00
9.00
9.00
9.25
`9.00
9.00
8.75
8.75
more 15 months
Above 15 months but not
1more 24 months
Above 24 months but not
more 36 months
Above 36 months but not
more 120 months

15. 1.
2.
ORIENTAL
SCHEME
ORIENTAL
SCHEME
DOUBLE
DIAMOND
DEPOSIT
SAVING

18. A COMPARATIVE ANALYSIS:
ABHYUDAYA BANK & ORIENTAL BANK
Interest Rates (%)
12
10
8
8
8.75
9.5
9
9.75
10.25
9
9
8.5
8.75
6
4
2
0
Upto 6 months
6 -15 months
15 -24 months
Abhyudaya Bank
24 - 36 months
Oriental Bank
Above 36 months

19. 
Overall , the Abhyudaya Bank offers a better rate of
Interest than Oriental Bank when the lock –in period
of the deposit is above 6 months and below 36
months.

Oriental Bank offers a better rate of Interest when the
deposit is made for a period of more than 3 years.

20. 
Abhyudaya Bank offers a high rate of Interest to
Senior citizens. Oriental bank does not offer any such
incentives.

However, Oriental Bank offers more deposit schemes
than the Abhyudaya Bank, giving investors the
opportunity to invest according to their requirements.