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DMK JAOLI, popularly known as Jaoli Sahakari Bank Ltd., was established on 9 July, 97. The bank obtained banking license from the Reserve Bank of India and started functioning on 7th September 97 from Masjid Bundar. The bank was operating through a single branch till 98. The bank opened its second branch at Bhandup in sub-urban areas of Mumbai in April, 98. Later on up to the year 000 bank opened its 7 other branches at different destinations. The main objective of establishing the bank was to assist the financial needs of deprived class of the society the progress of the bank was steady but the performance was solid.
DMK Jaoli Bank offers a wide range of banking products to its customers. It offers deposit schemes including savings account, current account, term deposits, fixed deposits, recurring deposits, Dam Duppat Thev Yojana, Masik Uttpana Certificate, Kamdhenu Thev Yojana, short term deposit, and Jaoli fixed deposit certificates. The bank also offers various loans such as demand loans including cash credit, and overdrafts; and term loans such as personal loan, gold loan, vehicle loan, business loan, education loan, housing loan, and loan against government securities such as NSC, KV, IVP, and LIC.
Savings account Current account Term deposits Fixed deposits Recurring deposits Dam Duppat Thev Yojana Masik Uttpana Certificate Kamdhenu Thev Yojana Short term deposit Jaoli fixed deposit certificates
Demand loans Cash credit Personal loan Gold loan Vehicle loan Business loan Education loan Housing loan Loan against government securities
IFSC code is used for hassle-free and convenient online or electronic fund transfer from one bank account to another via NEFT, RTGS and NEFT.
Helps uniquely identify a specific bank and its branch, helping customers to transfer funds to the right bank account.
IFSC Code enables customers to execute an online transfer of funds securely, hence eliminating the chances of any fraudulent activity in the fund transfer process.