The Bhuj Mercantile Co-operative Bank Ltd was founded in the year 1994-95 in Bhuj Kutch by CA Mahendrabhai Morabia. It expanded its business exponentially with total Eight Branches in Bhuj, Madhapar, Nakhatrana, Anjar, Gandhidham & Ahmedabad as on today. Since its inception, the bank has been in limelight for its Unique and Passionate Customer Service & Innovative Perception and Facilities to its
Depositors and Stakeholders. Commonly referred & recognized amongst various Prominent Businessmen and traders as “BMCB Bank”, it provides state-of-the-art Banking services at “NIL Charges !!!”
It holds numerous Awards in its journey to excellence, as enlisted below chronologically.
*Ranked as No.1 Emerging Co-operative Bank of India in 2008 and in 2009
*Ranked (2010) No. 1 Co-operative Bank among 2300 Co-op Banks at the Indo-Thai Chambers of Commerce, Thailand Bangkok.
*Lifetime Achievement Award (2014) to its Founder for effortless service to BMCB Bank in particular and Co-operative Movement in general.
*First Co-op Bank in India to introduce 24 Hrs 365 days Online Total Banking
*No loans to Directors or their relatives.
*Most Modernized Co-operative Bank in Gujarat providing state-of-the-art banking services
*Declared a model bank amongst 350 co-operative banks of Gujarat
*Net NPA since Inception- NIL (0%)
*More than Rs. 2 Crores spent on Earthquake Relief (2001) by the Bank
*Rent Free Lockers
*Charge-Free Banking in every way.
*Highest FDR Rates to its Depositors
*Fast-Track Approval of Loans and Advances.
*Our Bank is the First Co-operative Bank in Gujarat to establish IPv6 Network Connectivity and infrastructure in all its branch network. Ahmedabad.
*Moreover, bank's existing technological infrastructure is managed by TATA's Centralized 20 Mbps MPLS Connectivity and 6 Mbps Internet Lease Line Connectivity at H.O. Ahmedabad.
*Other technological advancements include Any Branch Banking, Centralized CKYC (w.e.f 1-4-2017) of all new accounts, Transaction Monitoring, Centralized CTS Clearing, Automated NACH and ECS.
*As a step towards Digitalization, Since June 2017, our bank is providing Rupay-cum-ATM Debit Card facility to all its Customers. As a result, wide range of convenience, Security and Luxury is provided to bank’s Customer for POS Payments, Online Shopping, paying Utility Bills and Govt. Taxes, Moreover, bank’s customers can withdraw money from any bank’s ATM in India irrespective of branches where customer maintains the account. This is through sub-membership and HDFC Bank as Sponsor Bank and Sarvatra Technologies Pvt Ltd as the Switch Provider with NPCI.
*The bank provides SMS Alerts facility for its valued customers whereby alerts are provided for balance, debit / Credit, maturity of Deposits, Loan installment due, details of last 3 transactions, etc. Other Facilities include Misscall Alerts, Internet Banking (View only), SMS Banking.
*The bank provides CMS facility under arrangement with HDFC bank to its valued customers wherein customer can deposit unlimited amount and number of local clearing and HDFC cheque at 600+ location and 1700+ branches of HDFC bank without any charge.
*The bank provides RTGS and NEFT facility to all its customers at all tis branches through HDFC Bank.
*The bank provides facility of GST Payments, E-Payment of Income Tax and other taxes at all its branches.
*The bank provides account statement through email at our head office level, on daily or monthly basis as desired by the customers. The bank is able to generate more than 150 Reports from its CBS to support Quick Decision making.
