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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Fixed Deposits | Rate of Interest |
---|---|
15 days to 45 days | 3.00% |
46 days to 179 days | 4.50% |
180 days to 364 days | 5.25% |
12 months to 23 months | 7.10% |
24 month and above | 7.00% |
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