+91 99203 10335 rcbborivali@rameshwarbank.com
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Online Fees Collection Model leads the way

A boon to educational institutions, students can pay fees using net banking, debit card, credit card, any digital mode of transaction, or any UPI payment system.

Over 12 awards won in the last 5 years

Digital Banking Solutions Banking made simple

Experience seamless banking with our comprehensive digital solutions designed for modern financial needs.

Over 12 awards won in the last 5 years

Secure & Reliable Your trust, our priority

Advanced security measures and reliable banking services that you can count on for all your financial requirements.

Over 12 awards won in the last 5 years

Products that meet your goals

Borrow

Borrow

Different loan schemes and EMI options.

Invest

Invest

Term deposits at attractive interest rates.

Save

Save

Save money with attractive interest rates.

Receive & Pay

Receive & Pay

Hassle-free payments using UPI, IMPS, ECOM, POS.

Savings AccountSave money to invest in the future. Current AccountSmooth transactions for your business. Fixed DepositsInvest money to secure tomorrow. Housing LoanLet us help you get your home today. Business LoanFor every business need & growth. Vehicle LoanHelps give wheels to your dream. Educational LoanIt is more about dreams than money.

About Us

Serving the community for over two decades with personalized banking solutions

Our Story

Rameshwar Co-operative Bank Ltd. has been serving the community for over two decades, providing comprehensive banking solutions with a personal touch.

Our Vision

To be the leading cooperative bank in the region, known for our commitment to customer service, financial innovation, and community development.

Our Mission

To provide accessible, reliable, and innovative banking services that empower individuals and businesses to achieve their financial goals while contributing to the socio-economic development of our communities.

Our Values

🔒 Trust

Building lasting relationships through transparency and integrity.

💡 Innovation

Embracing technology to provide cutting-edge banking solutions.

⭐ Excellence

Delivering superior service quality in all our endeavors.

🤝 Community

Contributing to the growth and development of our local communities.

Our Journey

Established in 2000 with the vision of providing accessible banking services to all segments of society, Rameshwar Co-operative Bank Ltd. has grown from a small community bank to a respected financial institution, offering a wide range of products and services.

Awards & Recognition

🏆 12+ Awards in 5 Years

Recognised for excellence in digital banking innovation, customer service, and contribution to community development across our years of operation.

Board of Directors

Guiding Rameshwar Co-operative Bank Ltd. with experience, integrity, and a shared commitment to our members

Mr. Pandit Sawant

Mr. Pandit Sawant

Chairman
Mr. Dilip Chavan

Mr. Dilip Chavan

Vice Chairman
Mr. Kiran Rane (CA)

Mr. Kiran Rane (CA)

Director
Mrs. Sudha Sawant

Mrs. Sudha Sawant

Director
Mr. Manish Sawant

Mr. Manish Sawant

Director
Dr. Bhakti Gupta

Dr. Bhakti Gupta

Director
Mr. Chandrakant Chavan

Mr. Chandrakant Chavan

Director
Adv. Amol Sawant

Adv. Amol Sawant

Director
Dayanand Rane

Mr. Dayanand Rane

Director
Smt. Sumedha Sawant

Smt. Sumedha Sawant

Director
Mrs. Dipali Chavan

Mrs. Dipali Chavan

Director
Mr. Narayan Gaikwad

Mr. Narayan Gaikwad

Director
Mr. Dilip Gore

Mr. Dilip Gore

Director
Mr. Shridhar Kadam

Mr. Shridhar Kadam

Expert Director
Mr. Litesh Gada (CA)

Mr. Litesh Gada (CA)

Expert Director

Management Team

The experienced professionals driving the day-to-day operations of Rameshwar Co-operative Bank Ltd.

Mr. Sanjay Nikam

Mr. Sanjay Nikam

Chief Executive Officer
Mr. Sambhaji Chavan

Mr. Sambhaji Chavan

General Manager
Mr. Chandrakant Mandave

Mr. Chandrakant Mandave

Head of IT
Mr. Ankush Sawant

Mr. Ankush Sawant

Head of Loan and Advance
Mr. Sanjay Sawant

Mr. Sanjay Sawant

Head of Deposit

Accounts

Choose the perfect account for your financial needs

Savings Account

Current Account

Key Benefits

  • 24/7 digital banking access
  • Free ATM card with worldwide acceptance
  • Instant account opening
  • SMS and email alerts
  • Nominee facility

Quick Links

Deposits

Secure your future with attractive deposit schemes

Fixed Deposits (FD)

Fixed Deposits offer guaranteed returns with flexible tenure options.

📊 FD Interest Rates

Sr. NoPeriodGeneral PublicSenior Citizens (60+ yrs)
115 to 45 Days4.00%--
246 to 90 Days5.00%--
391 to 180 Days6.00%--
4181 to 364 Days6.25%--
51 Year to less 2 Years7.25%7.75%
62 Years to less 5 Years7.50%8.00%
75 Years and above7.25%7.75%

General Public - 7.25%

Instalment – Rs.1,00,000/ - Maturity Amount – Rs.1,07,471/
Instalment – Rs.5,00,000/ - Maturity Amount – Rs.5,37,357/-
Instalment – Rs.10,00,000/ - Maturity Amount – Rs.10,74,713/-

Senior Citizens - 7.75%

Instalment – Rs.1,00,000/ -- Maturity Amount – Rs.1,08,003/
Instalment – Rs.5,00,000/ -- Maturity Amount – Rs.5,40,015/
Instalment – Rs.10,00,000/ -- Maturity Amount – Rs.10,80,029/

Recurring Deposits (RD)

📈 RD Interest Rates

Sr. NoPeriodGeneral PublicSenior Citizens (60+ yrs)
115 to 45 Days4.00%--
246 to 90 Days5.00%--
391 to 180 Days6.00%--
4181 to 364 Days6.25%--
51 Year to less 2 Years7.25%7.75%
62 Years to less 5 Years7.50%8.00%
75 Years and above7.25%7.75%

Quick Links

Loans

Affordable loans with quick disbursal to fulfill your dreams

🏠 Housing Loan

Own Your Dream Home

Purchase or construct your dream home with our affordable housing loans.

Up to ₹5 Crore
10.00% p.a.
Up to 30 years
1% + GST
  • Purchase of new/old house or construction
  • Extension or renovation
  • Balance transfer available

💼 Business Loan

Grow Your Business

Fuel your business growth with flexible loans.

Up to ₹500 Lacs
12.00% to 15.00% p.a.
Up to 7 years
2% + GST
  • Quick disbursal within 7 days
  • Based on business revenue
  • Minimal documentation

🚗 Vehicle Loan

Give Wheels to Your Dream

New or used vehicle loans for personal and commercial use.

Up to ₹50 Lacs
10.00% p.a.
Up to 7 years
15-20%

🎓 Educational Loan

Invest in Dreams

Studies in India or abroad on stipulated terms.

Up to ₹40 Lacs
11.00% to 12.00% p.a.
Up to 15 years
Course + 1 year

🙋 Personal Loan

For Every Personal Need

Quick, unsecured funds for weddings, medical needs, travel, or any personal expense.

Up to ₹20 Lacs
14.00% p.a.
Up to 5 years
2% + GST

🧾 Cash Credit

Manage Your Working Capital

A revolving credit limit against stock and book debts to smooth out day-to-day business cash flow.

Up to ₹100 Lacs
12.00% to 13.00% p.a.
Renewable annually
Stock / Book Debts

🔐 Overdraft Against Other Securities

Unlock Liquidity From Your Investments

Avail an overdraft facility against FDs, shares, bonds, or other approved securities without liquidating them.

Up to 90% of security value
12.00% p.a.
Renewable annually
0.5% + GST

📜 LIC/NIC Against Loan

Borrow Against Your Policy

Loan against the surrender value of your LIC or NIC insurance policy, with minimal documentation.

Up to ₹50 Lacs
10.00% p.a.
Up to 5 years
LIC / NIC Policy

🪙 Gold Loan

Instant Funds Against Gold

Quick loans against gold ornaments and jewellery with same-day disbursal.

Up to ₹20 Lacs
10.00% p.a.
Up to 3 years
0.5% + GST

🏪 Business Daily Deposit

Flexible Daily Funding for Small Business

A short-term daily collection-based credit facility designed for shopkeepers and small traders needing flexible working capital.

Up to ₹10 Lacs
18.00% p.a.
Up to 2 years
Daily collection

EMI Calculator

📅 Monthly EMI:₹0
💰 Principal Amount:₹0
📈 Total Interest:₹0
💳 Total Payment:₹0
Interest Rate Used:10.00% p.a.
Loan Tenure:36 Months

Repayment Breakdown

Quick Links

Financial Awareness

Empowering you with financial literacy and digital banking knowledge

💡 Financial Literacy

What is Financial Literacy?

Financial literacy is the ability to understand and effectively use various financial skills, including personal financial management, budgeting, and investing.

Key Components

  • Budgeting: Create a monthly budget to track income and expenses
  • Saving: Save at least 20% of your income
  • Investing: Invest wisely based on risk appetite
  • Debt Management: Avoid high-interest debt
  • Insurance: Protect yourself with adequate insurance

📱 Digital Banking Awareness

Benefits of Digital Banking

  • 24/7 banking from anywhere
  • Instant money transfers via UPI, IMPS, NEFT
  • Pay bills and recharge phones instantly
  • Track all transactions in real-time
  • Download statements anytime

🔒 Online Banking Security Tips

🔐

Strong Password

Use a mix of letters, numbers, and symbols.

📱

Never Share OTP

OTP is personal. The bank never asks for it.

🌐

Secure WiFi

Avoid public WiFi for banking.

✅

HTTPS Only

Ensure the website has https://.

📲

Update Apps

Keep your banking app updated.

🚫

Phishing Alert

Don't click suspicious links.

📲 UPI Safety

Stay Safe While Using UPI

  • Never share your UPI PIN with anyone, including bank staff
  • You only need to enter your UPI PIN to send money — never to receive it
  • Double-check the payee name and amount before confirming
  • Be wary of unknown "collect requests" asking for payment
  • Report any suspicious UPI activity to the bank immediately

Quick Links

Downloads

Access important forms and documents

Account Forms

📄

Savings Account Form

Open a savings account

Download PDF
📄

Current Account Form

Business account opening

Download PDF
📄

Fixed Deposit Form

Invest in FD

Download PDF
📄

Recurring Deposit Form

Start RD

Download PDF

Loan Forms

📄

Housing Loan Form

Apply for home loan

Download PDF
📄

Business Loan Form

Business funding

Download PDF

KYC Forms

📄

KYC Form

Know Your Customer

Download PDF

Nominee Form

📄

Nominee Form

Add or update nominee

Download PDF

Quick Links

Service Charges & Annual Reports

All banking charges and financial reports

Service Charges

ServiceCharge
Savings Account MaintenanceFree
Current Account Maintenance₹500/year
Debit Card (Annual)Free
Net Banking SetupFree
Mobile BankingFree
Cheque Book (10 pages)₹100
Fixed Deposit (per ₹10,000)₹50
Housing Loan Processing1% + GST
Business Loan Processing2% + GST
Account Statement (per month)₹25
Duplicate Passbook₹100
RTGS (₹1 lakh - ₹2 lakh)₹250
RTGS (Above ₹2 lakh)₹500
NEFT (per transaction)₹50

Annual Reports

📊

Annual Report 2023-24

Fiscal year 2023-24 financial performance

Download PDF
📊

Annual Report 2022-23

Fiscal year 2022-23 financial performance

Download PDF
📊

Annual Report 2021-22

Fiscal year 2021-22 financial performance

Download PDF
📊

Auditor's Report 2023-24

Independent auditor's certification

Download PDF

Quick Links

Contact Us

We're here to help with account opening, loans, deposits, and any banking query

📍

Visit Us

Prathamesh Horizon, Rameshwar Bank Bus Stop, New MHB Colony, Ashtavinayak Nagar, Borivali West, Mumbai, Maharashtra 400 091
View on Map

📞

Call Us

+91 99203 10335
Morning: 10:00 AM – 1:30 PM
Afternoon: 3:00 PM – 6:00 PM
Closed 2nd & 4th Saturday

✉️

Email Us

rcbborivali@rameshwarbank.com
For account, loan, and deposit queries, our team typically responds within 1-2 working days.

Customer Grievance & Fraud Reporting

If you have a complaint, have noticed suspicious activity on your account, or suspect fraud, please contact your nearest branch immediately or call us on the number above. For lost cards or unauthorised transactions, report at the earliest to limit any potential loss.

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