Meghalaya Rural Bank
Partnering with you in making your ventures a success
Meghalaya Rural Bank
Partnering with you in making your ventures a success
Meghalaya Rural Bank
Supporting you with Technology, Service & extensive Branch Network
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“Banking for all of Meghalaya”
Serving the people of Meghalaya since 1981
Internet Banking
Check your Account Statements Online.
MOBILE BANKING
Experiance the ease of banking on your smart phone.
ATM CARDS & ECOMMERCE
Access your account for Cash and also make purchases and bill payments online.
BRANCH NETWORK
Visit our Branch to know more about Banking with us.
Our Product & Services
Purchase of Land for Agricultural Purpose
Target Group & Eligibility: Small and Marginal Farmers, share croppers and tenant farmers. Small and Marginal Farmers are those who would own maximum of 5 acres of non-irrigated land or 2.5 acres of irrigated land including the one to be purchases under the scheme.
Objectives:
To make t...
Agricultural Cash Credit/Kisan Credit Card (KCC)
Objective: To provide time and adequate credit to farmers to meet the production credit needs (cultivation expenses) besides meeting contingency expenses subject to 20% of the peak credit limit without any maximum limit (medical expenses, education expenses for children, marriage, funerals, bir...
ATM DEBIT CARDS
For customers maintaining regular Savings Bank Account, Meghlaya Rural Bank offers RuPay ATM Debits Cards.
You can enjoy the convenience of going cashless with your Meghalaya Rural Bank Debit Card. You get access to your account whenever and wherever you want. You can use it to purchase goods...
Public Personal Loan with Check-off Facility
Purpose: Personal loan is granted for family function, marriage/medical treatment/education/ or any other general purpose except for speculative activities
Eligibility: Permanent employees of the State/Central Government and PSUs, Corporations, Private Sector Companies, Reputed Establishm...
General Cash Credit Card (GCC)
Purpose: To provide hassle-free credit to customers from rural and semi-rural centres based on their cash flow without insistence on security, purpose and end-use of the credit. This is in nature of overdraft with no end-use stipulations.
Eligibility: GCC can only be extended to individua...
Public Car Loan
Purpose: To purchase a new passenger cars, jeep, Single or Multi Utility Vehicles (MUVs) and SUVs for personal use.
Eligibility:
Individual between the ages of 21 to 65 years.
Permanent/ regular employees of State/Central Govt., Public Sector Undertakings (PSUs), Private Company or a...
Fixed Deposits
The rates of Interest for fresh and renewal Term Deposit w.e.f., 05-12-2016 are as hereunder:
Term of deposit
Interest Rate
7 days to 14 days
5.50%
15 days to 45 days
5.50%
46-90 days
5.50%
91 - 180 days
6.50%
181 t...
National STs Finance & Development Corporation (NSTFDC)
For Individual Applicant
Eligible Criteria: STs with annual family income up to Double the Poverty Line
Rural area: DPL income up to Rs 98000/family
Urban area: DPL income up to Rs 120000/family
Purpose: For productive purposes only
Type of Loan: Term loan only
Margin:
For loan upto Rs...
Financing To Self-Help Groups (SHGs) : Micro-Credit
Purpose of the Bank Loan: Loan granted by the Bank to the SHGs is purpose neutral as the group decides the purpose for which loan can be given to its members. As per RBI guidelines, the Banks are expected to meet the entire credit requirements of SHG members for (a) Income generation activities...
Financing to Joint Liability Groups (JLGs)
Objectives:
To augment flow of credit to farmers, especially small, marginal, tenant farmers, oral lessees, share croppers/individuals taking up farm activities.
To serve as collateral substitute for loans to be provided to the target group.
To build mutual trust and confidence between bank and...
Mortgage Loans For Traders, Professional & Self-Employed
Purpose: To provide hassle free credit to borrowers in trade and services sector who are willing to furnish mortgage of land and building of adequate value.
Eligibility:
First generation entrepreneurs as well as promoters of existing units for the purpose of setting up of new units.
...
Allied Agricultural Term Loan-AATL (Investment Credit)
Purpose: All types of Allied Activities such as Dairy, Poultry, Piggery, Goatery, Duckery, & Fisheries etc.
Target Group: Individuals (singly or jointly), Farmers, Agricultural labourers, Self-Help Groups (SHGs) and Joint Liability Groups (JLGs).
Age: Minimum 21 years (ii) ...
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