The Vyavsayik Evam Audhyogik sahakari bank ltd. Morena was duly registered by the registrar co-operative society M.P. The registration no. is 128 Bhopal dated 15/12/1971. The Bank is doing banking business since May, 05 1973. As per permitted by RBI under B.R. Act 1949 (as applicable to co-operative societies). The bank is licensed with RBI UBD MP No. 1753P Dated 19 Jun, 2000. The bank has two branches excluding Head office.
The area in which Vyavsayik Evam Audhyogik sahakari bank operations are currently concentrated, a large proportion of the population belongs to the lower income strata. It is the bank's objective and focus of effort to inculcate in this section of the community a sense of thrift and a habbit of saving in order to help uplift their standard of living.
The Vyavsayik Evam Audhyogik sahakari bank has placed service to its clients as its primary objective. It aims to help clients and resolve their problems. Still if there is any compliant it is dealt with immediately to the satisfaction of clients.
The bank provides all type of accounts facility as Current Deposits, Saving Bank Deposits, Recurring Deposits, Daily Deposits Scheme and Fixed Deposits. All these accounts have been computerized, thus enabling the bank to provide faster service to its clients.
Deposits up to the value of Rs.1.00 lac per depositor have insurance cover with Deposit Insurance Credit Guarantee Corporation, a subsidiary of RBI.