Madhya Pradesh Gramin Bank

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Madhya Pradesh Gramin Bank

Madhya Pradesh Gramin Bank is a rural Indian regional bank. The Indian Government owns it, the Ministry of Finance. The project consisted of three rural banks in central India in Madhya Pradesh, namely Madhya Bharat Bank, Sharda Grameen Bank, Rewa Sidhi Grameen Bank, supported by State Bank Of India, Allahabad Bank, and United Bank of India.

The office of Madhya Pradesh Gramin Bank is in Saugor. Saugor. State Bank of India is now the sponsor of the Bank. Over 13 districts in Madhya Pradesh, Damoh, Sagar, Shivpuri, Guna, Ashoknagar, Tikamgarh, Chhatarpur, Panna, Satna, Rewa, Sidhi, Niwari and Singrauli are located. Rewa, Sidhi, S has 454 branch offices and 7 regional offices.

Madhya Pradesh Gramin Bank Personal Loan EMI Late Payment Charges
Madhya Pradesh Gramin Bank Offerings

  • Savings Accounts
  • Fixed Deposits
  • Loans
  • Online Banking
  • RTGS
  • NEFT
  • IMPS
  • Atal Pension Yojana
  • Pradhan Mantri Jandhan Yojana
  • Pradhan Mantri Suraksha Bima Yojana

Madhya Pradesh Gramin Bank Loans Offered

You will be offered all types of loans in Madhya Pradesh Gramin Bank like personal loans, gold loans, car loans, etc. The types of loans provided are as follows:

  • Easy EMI Consumer Loans
  • Car Loans
  • Loan on Credit Card
  • Two- Wheeler Loans
  • Business Loan
  • Home Loan
  • Educational Loan
  • Rural Loans
  • PM Mudra Yojana
  • Flexipay

Madhya Pradesh Gramin Bank Gold Loan

  • Fast process: The Madhya Pradesh Gramin Bank Gold Loan is hugely swiftly and efficiently authorised and disbursed. In an hour, the debt is paid.
  • Fewer Documents: The documentation process is simple and crucial documents for the gold loan from Madhya Pardesh Gramin Bank Gold loan are needed.
  • Transparent system: The Bank gives the customer full transparency; no hidden charges are imposed.
  • Loan amount: The consumer receives Rs. 15000 for the minimum loan amount from HDFC. In rural regions, it could also be below Rs 10000.
  • Jewellery security: It is vital to highlight that the Bank is fully responsible for gold safety. The gold is therefore kept protected against fire.
  • Loan Tenure: Loan tenure maybe 3 months or older Hence, You can choose according to your comforts.

Madhya Pradesh Gramin Bank Personal Loan

With a personal loan, you acquire the desired amount without committing any item. There are several clear reasons for choosing a personal loan:

  • Documentation shall be kept at least: The customer’s convenience takes account of personal loans from Madhya Pradesh Gramin Bank.
  • Attractive rates: the loan rate is among the lowest in the market, with a starting rate of 10.40% per year.
  • Applicants for women’s special offers: Madhya Pradesh Gramin Bank provides a particular plan for women applying for a personal loan, called the Human Loan Diva Scheme. A female candidate under the Plan may be awarded pre-grant individual credits for a range of premium brands and commodities up to INR 3 lakh.
  • Private Accident Insurance: Madhya Pradesh Gramin Bank personal loans include private accident insurance up to INR 8 lakh and INR’s critical disease insurance free insurance.

Madhya Pradesh Gramin Bank Car Loan

You can obtain a vehicle loan if you plan to buy a car without sufficient money. Here are some reasons for taking a car loan:

  • 30 minutes’ loan approval
  • Lowest interest rate
  • Road loans up to 100%
  • Flexible reimbursement of minimum documentation
  • Null Projection
  • No Hidden Charges 24 x 7 Online Payment Facility

Madhya Pradesh Gramin Bank Home Loan

A home is an asset for life which is one of every person’s essential requirements. First of all, though, we should look at the house loan eligibility criteria.

Particulars Salaried Individuals Self-Employed Individuals
Age 21 years to 65 years 21 years to 65 years
Minimum Income Rs.10,000 p.m. Rs.2 lakh p.a.
Nationality Resident Indian Resident Indian

Madhya Pradesh Gramin Bank  Credit Card

You can buy a credit card without any concern till the credit card has reached its limit. Let us now find out what documents to get a credit card are needed.

Identity Proof

Address Proof

Income Proof

Salaried Individual Self-Employed Individual
  • Passport
  • PAN Card
  • Ration Card
  • Aadhaar card
  • Voter’s ID card
  • Driving license
  • Telephone bill
  • Electricity bill
  • Passport
  • Ration card
  • Rental agreement
  • Aadhaar card
  • Salary certificate
  • Recent salary slip/s
  • Employment letter
  • Certified financials.
  • Recent ITR (Income Tax Returns)
  • Audited profit and loss statement or balance sheet

Madhya Pradesh Gramin Bank Net Banking

Internet Banking is a service supplied by banking institutions and banks which allows clients to use banking services over the internet. It is known as online banking or electronic banking, or Internet banking. Customers don’t have to go to your Bank to use every small service. However, Internet banks are not accessible for all account holders. You must register while opening an account or later to utilise Internet banking services. To get into your internet banking account, use the registered customer identity and password.

Features of Online Banking

  • View online your statement.
  • Open your account with the fixed deposit.
  • Pay bills for utilities such as bills for water and invoices for services.
  • Pay the dealer.
  • Funds transfer.
  • Please chequebook.
  • General insurance acquisition.
  • Cellular prepaid refill / DTH.

Madhya Pradesh Gramin Bank Customer Care Number

The objective of the Bank is to offer top-quality banking services. Foster community growth and take part in chances for growth. The Bank provides a full range of products at a very competitive price, including educational loans, home lending, personal loans, car loans, KCC, agricultural mechanisation, horticultural activities, loans to related activities, business lenders such term lending, cash advances and Easy trader loans. On request, the check number and the missed call message of the future capital balance.

Your local branch provides the verification number and missed call notification. To enable this service, you must upgrade your documents and KYC. You must update your mobile telephone number as well. The Aadhar card that is associated with your Bank account can even update your biometrics. Call 1860 500 9900 in the event of any complaint.

Madhya Pradesh Gramin Bank Customer Complaints

What if your bank doesn’t reply to any problems or complaints? What should you do? Where should you go? 0You may immediately complain to a bank ombudsman. The Banking Ombudsman is a senior professional designated by the Bank of India Reserve to remedy client complaints about deficits in some banking services subject to claims under Clause 8 of the 2006 banking ombudsman system (Amended up to July 1, 2017).

How to Open a Savings Account in Madhya Pradesh Gramin Bank 

(1) A person in a Madhya Pradesh Gramin branch of Capital would receive support if he wishes to open a savings bank account; he would receive all assistance once he visits the extension of the Bank where he wants his work.

(2) Fill out the Savings Account Open Form (AOF). Get the Opening Form for the Savings Bank Account and complete all the details necessary for client information. Different items, such as name, address, contact number, email identifier, PAN, opening account type, candidate name, etc., will be shown in the given form.

(3) Attach required papers (mandatory) to the opening of account form (AOF). Upon completion of the opening form, you must att KYC documents, such as PAN, Address evidence, and Identity must be attached. Document checklist (necessary) when a savings account is opened. Some banks require an address and a telephone number permanently.

(4) Banker Account Opening Form Verification (AOF) and Other Documents- Banker Account Opening Form (AOF) Verification and other annexed documents The Bank will continue to proceed if the Bank meets these standards.

(5) Place a minimum sum in a savings account that meets the standards of your savings account. After the banker checks the AOF and other documents, some reports will be produced, then according to the type of your savings account.

How to Open a Current Account in Madhya Pradesh Gramin Bank

Madhya Pradesh Gramin Bank has several branch offices in different areas, offering you all the advantages and benefits of a current account, among the most reputed banks in India. You are most likely interested in opening a current account with Madhya Pradesh Gramin Bank; therefore, better understand the Bank’s existing budget. It has now become easy to open a current account in Madhya Pradesh Gramin Bank.

Benefits of opening a Madhya Pradesh Gramin Bank Current Account

  • Convenience
  • Overdraft
  • Issuance of a chequebook
  • Online transaction options such as paying bills online
  • Netbanking
  • Cash withdrawals
  • No risk of carrying cash

Procedure to open the Current Bank Account

(1) Visit a Bank Subsidiary – It’s helpful if you go to the bank subsidiary where you wish to open an account.

(2) Complete the Current Account Opening Form (AOF) – Get an Account Opening form and complete all customer information and other information in several different forms, such as your name, address, contact number, email address, PAN, open kind of account, the name of the candidate, etc.

(3) Attach Necessary AOF Documents (needed) – You must attach KYC documents based on your kind of account, such as your Savings account, current account, etc., once you have completed the opening forms of the AOF account. These documents are also subject to your status, HUF, Owner, Partnership, Corporation, Trust etc.

(4) AOF and other Banking Documents Verification – AOF and other attachments shall be verified by the banker.

(5) Minimum Account Balance Deposit – The account number will be provided to you, and the needed minimum balance has to be deposited into your account.

(6) Receive your Cheque Book, Passbook and other Bank Papers – then your account will be successfully opened, and your chequebook, passbook and other bank statements will be supplied to you by the bank personnel. Then you’ll be authorised to transact from your account in another sheet.

Necessary bank account opening information for the Madhya Pradesh Gramin Bank account in rural areas.

  • Select a branch Bank next to you.
  • Bring the original verification KYC documents.
  • When opening an account, keep your corporate seal.
  • There can be no more than one current account for the same company.
  • Note the need for a larger minimum account balance in a current account.

Madhya Pradesh Gramin Bank FAQs

What’s the Capital of the Madhya Pradesh Gramin Bank?

The term preserving future Capital means accounting for future expenses projected to be incurred by an enterprise to keep its fixed assets and equipment needed to generate income.

What happened to stock activities in the Madhya Pradesh Gramin Bank?

American private equity giant Warburg Pincus agreed to acquire a large share of around Rs 800 billion in the financial services company Madhya Pradesh Gramin Bank Capital Holdings. Warburg pays sixty-two per share to purchase 66 per cent.

How can Madhya Pradesh Gramin Bank be contacted?

You can contact the PNO by phone on this number: 1860 500 9900.