Description
BANKING AND INSURANCE PROJECT
THE COSMOS CO-OPERATIVE BANK LTD.
SYBMS
? The Cosmos Co-operative Bank Ltd. (Cosmos Bank), established in 1906, is one of the oldest Urban Co-operative Bank in India, celebrated its centenary on 1 January 2005. ? The bank was founded in 1906 in Pune by India's famous Freedom fighter, Lokmanya Bal Gangadhar Tilak. ? Tilak himself recommended the name "COSMOS BANK". The word "COSMOS" means "UNIVERSE" and also a "FLOWER".
? The bank is headquartered in Pune, and is managed by a team of executives, including a managing director. ? It has attained multi-state scheduled status in 1997. ? Cosmos Bank operates in 5 regional offices, 130 branches and 9 Extension Counters in India spread across 6 states and in 28 major Indian cities. ? Head Office“Cosmos Heights”, 269/270 Shaniwar Peth, Pune - 411030, State- Maharashtra, India.
The Head Office of Cosmos Bank in Pune.
Best Bank Award in Co-Operative Banks category
Cosmos Bank received the Best Bank Award in Co-Operative Banks category from National Payment Corporation of India for achieving the NFS Operational Excellence.
BANKING ACTIVITIES
?DEPOSITS ?LOANS ?SERVICES
DEPOSITS
? SAVING DEPOSITS ? TERM DEPOSITS
? CURRENT DEPOSITS
? A Savings Account can be opened by Individuals / Minors / Institutions / Associations / Regd. Co-op. Societies / Trusts / HUFs. ? Minimum balance required to be maintained in Saving Account is Rs. 1000/? Rate of Interest is 4% on any amount.
? Individuals (singly or jointly), Minor by guardian, Institutions, Co-op. Societies, HUF can place deposit.
? Minimum Amount of Deposit- Rs. 1000/- and in multiples of Rs. 100/- thereof. ? Depending on the tenure, the interest rate ranges from 7.25% to 10.25%
? Current Accounts can be opened by Individuals, Sole Proprietorship Concerns, Partnership Firms, Private/ Public Limited Companies, Joint Hindu Families, etc. ? Minimum balance required to be maintained in Current Account is Rs. 5000/? No interest is paid but Current Account holders can avail- Multi-city Cheque book facility, ATM facility, Electronic Funds Transfer, etc.
LOANS
Special Features ? Minimum Documents
? Fast Processing Of Loans ? Immediate Loan Sanction
? Loan available for purchasing new/used car or two wheeler for personal use. ? Margin: 10% for new vehicles, 30-40% for used vehicles
? Loan Period: Minimum 5 years.
? Home loans are available for purchasing new/resale flat/house or for construction of bungalow/house or for taking over home loan from other institutions. ? Rate of Interest : Upto Rs. 25 lakhs – 9.75% Above Rs. 25.00 lacs to Rs. 70.00 lacs- 10.00% ? Repayment period is upto 20 years.
? Loan given to provide financial support to deserving / meritorious students for pursuing higher education in India and abroad. ? Loan Limit : Studies in India - Rs. 10.00 Lacs at 10.50% Studies Abroad - Rs. 20.00 Lacs at 10.00% ? Loan Period: 5-7 years
COSMO CREDIT LOAN
? Loan for salaried persons as well as self employed
professionals or entrepreneurs
? Loan limit upto Rs. 2.00 lakhs
? ATM card facility available
? Maximum repayment period is 60 month.
? ? ? ? ?
Get Cash Loans in exchange of Gold / Gold Ornaments No Guarantor Required No prepayment charges Rate of Interest - 11.00% Interest calculation on daily reducing balance
? ANYWHERE BANKING
? ATMs
? Multi-city Cheque Book Facility ? Instant Funds Transfer ? Electronic Clearing Services ? NEFT
? MSEB BILL PAYMENT ? COSMO QUICK PAY
? DEMAT SERVICES
? VAULTS (LOCKERS)
? COSMO M POWER
? Strong Technology And Infrastructure
Based On A Centralised Core Banking Platform
? Customer Friendly And Quick Services ? Well Trained Staff
THANK YOU!
doc_404804720.pptx
BANKING AND INSURANCE PROJECT
THE COSMOS CO-OPERATIVE BANK LTD.
SYBMS
? The Cosmos Co-operative Bank Ltd. (Cosmos Bank), established in 1906, is one of the oldest Urban Co-operative Bank in India, celebrated its centenary on 1 January 2005. ? The bank was founded in 1906 in Pune by India's famous Freedom fighter, Lokmanya Bal Gangadhar Tilak. ? Tilak himself recommended the name "COSMOS BANK". The word "COSMOS" means "UNIVERSE" and also a "FLOWER".
? The bank is headquartered in Pune, and is managed by a team of executives, including a managing director. ? It has attained multi-state scheduled status in 1997. ? Cosmos Bank operates in 5 regional offices, 130 branches and 9 Extension Counters in India spread across 6 states and in 28 major Indian cities. ? Head Office“Cosmos Heights”, 269/270 Shaniwar Peth, Pune - 411030, State- Maharashtra, India.
The Head Office of Cosmos Bank in Pune.
Best Bank Award in Co-Operative Banks category
Cosmos Bank received the Best Bank Award in Co-Operative Banks category from National Payment Corporation of India for achieving the NFS Operational Excellence.
BANKING ACTIVITIES
?DEPOSITS ?LOANS ?SERVICES
DEPOSITS
? SAVING DEPOSITS ? TERM DEPOSITS
? CURRENT DEPOSITS
? A Savings Account can be opened by Individuals / Minors / Institutions / Associations / Regd. Co-op. Societies / Trusts / HUFs. ? Minimum balance required to be maintained in Saving Account is Rs. 1000/? Rate of Interest is 4% on any amount.
? Individuals (singly or jointly), Minor by guardian, Institutions, Co-op. Societies, HUF can place deposit.
? Minimum Amount of Deposit- Rs. 1000/- and in multiples of Rs. 100/- thereof. ? Depending on the tenure, the interest rate ranges from 7.25% to 10.25%
? Current Accounts can be opened by Individuals, Sole Proprietorship Concerns, Partnership Firms, Private/ Public Limited Companies, Joint Hindu Families, etc. ? Minimum balance required to be maintained in Current Account is Rs. 5000/? No interest is paid but Current Account holders can avail- Multi-city Cheque book facility, ATM facility, Electronic Funds Transfer, etc.
LOANS
Special Features ? Minimum Documents
? Fast Processing Of Loans ? Immediate Loan Sanction
? Loan available for purchasing new/used car or two wheeler for personal use. ? Margin: 10% for new vehicles, 30-40% for used vehicles
? Loan Period: Minimum 5 years.
? Home loans are available for purchasing new/resale flat/house or for construction of bungalow/house or for taking over home loan from other institutions. ? Rate of Interest : Upto Rs. 25 lakhs – 9.75% Above Rs. 25.00 lacs to Rs. 70.00 lacs- 10.00% ? Repayment period is upto 20 years.
? Loan given to provide financial support to deserving / meritorious students for pursuing higher education in India and abroad. ? Loan Limit : Studies in India - Rs. 10.00 Lacs at 10.50% Studies Abroad - Rs. 20.00 Lacs at 10.00% ? Loan Period: 5-7 years
COSMO CREDIT LOAN
? Loan for salaried persons as well as self employed
professionals or entrepreneurs
? Loan limit upto Rs. 2.00 lakhs
? ATM card facility available
? Maximum repayment period is 60 month.
? ? ? ? ?
Get Cash Loans in exchange of Gold / Gold Ornaments No Guarantor Required No prepayment charges Rate of Interest - 11.00% Interest calculation on daily reducing balance
? ANYWHERE BANKING
? ATMs
? Multi-city Cheque Book Facility ? Instant Funds Transfer ? Electronic Clearing Services ? NEFT
? MSEB BILL PAYMENT ? COSMO QUICK PAY
? DEMAT SERVICES
? VAULTS (LOCKERS)
? COSMO M POWER
? Strong Technology And Infrastructure
Based On A Centralised Core Banking Platform
? Customer Friendly And Quick Services ? Well Trained Staff
THANK YOU!
doc_404804720.pptx