Shikshak Sahakari Bank Ltd.

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Gandhisagar, Mahal Nagpur – 440 018


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Welcome to

Shikshak Sahakari Bank Ltd

Shikshak Sahakari Bank Ltd. was established in the year 1979 with the aim to help teachers to meet their financial needs.  The thought of establishing a bank had cropped up in the minds of its founders in the year 1976.  However, it saw its realisation in January 1979.  The Bank was started with a share capital of Rs. 3.50 lacs only.   The founders of the Bank were teachers by profession.  

 However, later the Bank did not keep itself limited to teachers but opened its membership to all.  It also started financing for commercial purposes from the year 1987. The Bank achieved the deposit target of Rs. 100.00 crores in the year 1996-97.

 Consequently, it was awarded the Scheduled Status on May 22, 1999. Shikshak Bank is the first bank to get this status within twenty years of its inception, which is obviously a very short time-period. However, the bank’s accomplishments don’t end here.  In the year 1999-2000, the Bank secured 20th rank amongst other banks with regard to deposits and was placed first in Vidarbha.  In the year 2000-2001, it rose to the 19th position amongst the banks with regard to deposits while maintaining its top position among the banks of Vidarbha.

The Bank presently has 19 branches functioning in Nagpur and Chandrapur districts.  It has action plans to open more branches in the near future. The area of operation of the Bank includes Nagpur, Chandrapur, Wardha, Yavatmal, Bhandara and Gadchiroli districts.

Our Schemes

Shikshak Sahakari Bank Ltd, Nagpur 

Vehical Loan 7.5%
Education Loan 7.5%
Home Loan 7.9%
Solar Loan 9.50%
NEFT/ RTGS Available
Over Draft Loan 9.25%

Have 45 Years of Experience

1129+ Cr

Total Deposits

594+ Cr

Total Loan

2 Lakhs+

Happy Customer

Happy customers
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growth every year
Daily customer increment
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