About the Bank

On the strength of co-operation, with the trust of the people, and for the progress of this land, Thondiyil Service Co-operative Bank Ltd. upholds the great ideals of the co-operative movement as a trusted financial institution working for the economic and social advancement of the people. Alongside supporting the financial needs of ordinary people, farmers and small entrepreneurs, it gives importance to the all-round development of this land and to social welfare. Transparency, accountability, financial discipline and a spirit of service are the basic values underlying the bank’s work.

Established in 1952, the bank draws on its long tradition of service and the trust of the people to make notable progress in co-operative banking.

Thondiyil Service Co-operative Bank Ltd. No. C-45 has served the people of Thondiyil, Peravoor and the neighbouring parts of Kannur district since 1952. As a service co-operative society, the bank belongs to its members, and its work is directed by a Board of Directors elected by them.

The Head Office at Thondiyil, Peravoor has the bank’s own ATM & CDM counter on site and an air-conditioned building. The bank also runs the Nedumpoyil Branch, serving the Nedumpoyil area, and the Poolakkutty Branch, which has been rebuilt with modern facilities.

Your trust… our responsibility.

Nedumpoyil Branch: Nedumpoyil PO, Kannur – 670650, phone 0490 2302910. Poolakkutty Branch: Poolakkutty PO, Kannur – 670650, phone 0490 2448285. All our offices are listed on the Branches & ATM page.

History & Tradition

This institution began work in 1952 under the name Vekalam Multi-purpose United Currency Fund. It passed through the stages of Vekalam United Currency Sangham and Vekalam (Thondiyil) Service Co-operative Sangham, and has operated under the name Thondiyil Service Co-operative Bank since 1977. In the early years it gave farmers seed, fertiliser and small-scale agricultural loans; today it lends to the agricultural sector and to JLG–Kudumbashree enterprises according to their project costs, alongside accepting deposits through a number of deposit schemes and lending on liberal terms.

Since its founding, the bank has worked while keeping the trust of its members and customers, advancing on its path of growth while upholding the basic principles of co-operation — mutual help, participation of the people, financial security and social responsibility.

Read the fuller record, and the milestones still awaited from the bank, on the Our History page.

FY 2025–26

Financial Growth & Achievements

Continuous operating profit and a strong deposit-and-loan base are the key achievements that reflect the bank’s financial strength and operational excellence. The bank has been operating at a net profit since 2021 — a reflection of its financial discipline, efficient management, and the trust of its members and customers.

₹112 Cr

Deposit Balance

The deposit base reflects the trust the people place in the bank, which takes care to provide a secure place for the savings of members and customers.

₹153 Cr

Loan Balance

Lending services hold an important place in supporting farmers, small entrepreneurs, traders and ordinary people, and the bank lends strength to economic growth through responsible loan management.

< 4%

Overdue (OD) Percentage

The bank pays particular attention to loan repayment and financial discipline, keeping its overdue percentage consistently below 4%.

Figures are for the 2025–26 financial year, as supplied by the bank.

What We Stand For

Our Four Pillars

The trust of the people is the bank’s greatest strength. To keep that trust, the bank gives particular importance to honesty, transparency, financial discipline and accountability.

Trust

Families here have relied on this bank across generations since 1952. Keeping that trust is the bank’s first responsibility.

Security

Deposits, pledged gold and the valuables kept in lockers are held in the bank’s own premises, under 24×7 CCTV surveillance.

Transparency

The terms and the costs of every scheme are explained plainly at the counter, so members know exactly what they are agreeing to before they sign.

Social Commitment

The bank belongs to this locality, and stands with it through farmer support schemes, backing for self-help groups and social welfare work.

Our Purpose

Supporting Agriculture & Entrepreneurship

Co-operative banks have a decisive role to play in the growth of the rural economy. Taking up this responsibility, the bank pays close attention to supporting the financial needs of farmers and small entrepreneurs — making suitable finance available for agricultural activity, self-employment ventures, small trade and the financial needs of families, and so lending strength to the local economy.

Social Commitment & Public Welfare

The bank’s responsibility does not end with providing financial services alone. It shows its commitment to the community by taking part in work connected with healthcare, help for the destitute, social security and the basic needs of the people — recognising what people need and shaping its services and schemes accordingly, to realise the true purpose of co-operation.

Why Choose Us

The bank focuses on providing financial services suited to the different sections of society it serves — understanding and responding to the needs of its members and customers in deposits, loans, savings, agricultural support and the growth of small enterprises. Through a friendly approach, efficient service and transparent working, it ensures every member has a good banking experience.

A trustworthy co-operative bank with its roots in this locality.
Fast loan processing.
Attractive deposit schemes.
Competitive interest rates.
Friendly customer service.
Safe and transparent banking.
Commitment to community development.

For details of the schemes on offer, see Deposit Schemes and Loan Schemes.

Beyond Banking

Social Commitment

Support that goes back to the villages the bank serves.

Farmer Support Schemes

Schemes that lend a hand to the farming families of this area.

Support for Self-Help Groups

Backing for local self-help groups and the small enterprises they run.

Social Welfare Activities

Welfare work for the wider community, including Thanal Palliative Care and the ICU ambulance service.

Towards Modernity

The bank moves forward by combining the strength of its tradition with the possibilities of modern banking — modernising its operations to suit changing financial conditions, and using the possibilities of technology to make banking more convenient for its members and customers.

See what this looks like today on the Digital Banking page.

Our Future

Keeping the trust of the people, upholding the values of co-operation, and lending strength to economic and social progress, Thondiyil Service Co-operative Bank Ltd. is advancing with pride towards its 75th-anniversary Platinum Jubilee celebration — continuing its journey into the future by combining tradition, trust and modern efficiency. Drawing strength from the co-operation and support of its members and customers, the bank moves forward committed to offering even better services and new possibilities.

Board of Directors

The bank is led by a Board of Directors elected by the members. Made up of the President, the Vice-President, directors and co-opted directors, the board decides the bank’s policies and oversees the working of the Head Office and the branches.