The Bank was incorporated in 01-05-1915 and started functioning on 24-05-1915, Under the Madras Co-operative Societies Act 1904.The registered office was at Kannur, and the area of operation was Kannur Municipality and Cantonment. The first Director Board meeting was held on 24-05-1915.
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Deposit Period | Interest |
---|---|
15 Days to 45 Days | 6.00% |
46 Days to 90 Days | 6.50% |
91 Days to 179 Days | 7.50% |
180 Days to 364 Days | 7.75% |
1 Year & below 2 years | 9.00% |
2 Years and Above | 8.75% |
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