Apna Sahakari Bank Limited is started on 29th March 1968. Apna Bank gained recognition in a very short span of time. A major part in the success of Apna Bank is that it has been able to attract a large number of customers by providing quick and efficient banking services.
Apna Bank is working efficiently since last 53 years.
This bank has its branches in Mhapusa and Margao in Goa. In addition, the bank is permitted to open branches in Karnataka and Gujarat. The Reserve Bank has accorded Scheduled Status to Apna Sahakari Bank Limited on October 23, 2015.
The bank has merged 3 weak co-operative banks with all their employees and liabilities.
Today Apna Bank has 85 branches and 71 ATMs spread across Maharashtra and Goa.
It started adopting technology in 1991 by computerizing its branches. It was the second bank in the country to start digitizing its data from manual to computerized data. Being one of the first 8 co-operative banks to introduce this service for its customers, the bank continues this trend even today by introducing UPI – Unified Payment Interface. Its name is also included in the BHIM APP launched by the government for simple banking services for the general public.
In June 2008 Apna Bank launched its core banking system owned by the state of the art datacenter in Mumbai. It has provided the facility of connecting all its branches and ATMs. As a Business Continuity Plan Bank has Disaster Recovery Site at its proprietary premises at Kolhapur-Maharashtra Apna Bank is a direct member of INFINET (Indian Financial Network) through which it provides NGRTGS and NEFT facility to its customers.
The bank has a direct membership with NPCI (National Payment Corporation of India). This bank provides the following facilities to its customers:-
Access to over 2,00,000 ATMs, Merchant POS for shopping, Ecommerce services
your rupay debit card
CTS – Check Truncation System
ABPS – Aadhar based payment system and DBTL to transfer government subsidy to the bank accounts of the customers concerned
NACH, Mandate Management
Mobile Banking System – IMPS Tatkal Mobile Payment System
UPI – Unified Payment Interface with Apna Bank Name on-board in BHIM – Bharat Interface for
Money with USSD service using *99#
Apna Sahakari Bank Ltd. UPI / BHIM . is one of the leading co-operative bank in implementing
Bank has also started C-KYC (Centralized KYC) with CERSAI for its customers
Other services provided by the bank include various insurance services with LIC, HDFC Life, Exide for Life Insurance as a corporate agency. Religare and SignaTTK for Health. For Bajaj Allianz and Future Generali and Universal Sompo General Insurance
The bank has AD-II license for foreign exchange services including issue of foreign LC with necessary tie up with renowned banks, LC exemption, packing credit, post shipment credit, issue of demand draft in foreign currency, issue of foreign currency notes etc. are included.
The bank is successfully providing all the financial services under one roof. Apna Bank assured its slogan “Aapli Manasa Aapli Bank”
The bank has tied up with Fisdom to provide mobile app based mutual fund services to its customers.