Just like deposits, the Bank also provides a number
of loan facilities to its customers

Welcome to Shikshak Sahakari Bank...

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.  It can be said that Shikshak Bank is a bank founded by teachers for teachers.

Shikshak Bank Nagpur

Shikshak Bank Nagpur

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.

  • News & Events

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    • Career REQUIRE:  Shikshak Sahakari Bank Ltd., Nagpur a leading Scheduled Urban Co-operative Bank invites applications for the post of  EXECUTIVE  on Contract Bas...
    • New Term Deposit Scheme SSB-KUBER Attractive Rate of Interest @ 10.38 % p.a (for Individuals) & Interest @10.92% p.a (for Senior Citizens, Trusts, Societies, Institutions) Period for...
    • ANNUAL REPORT 2014 DOWNLOAD ANNUAL REPORT  FOR YEAR 2014 FROM DOWNLOAD TAB...
    • ANNUAL GENERAL MEETING ON 28/09/2014 36th Annual General Meeting of  Shikshak Sahakari Bank Ltd,Nagpur is convened on 28/09/2014 all share holders are requested to attend the said meeting. ...
    • Bank has introduced attractive loan schemes Loans for all requirement Housing, Car and lady entrepreneurship....
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