Introduction
Telangana State Cooperative Apex Bank Limited (TSCAB):
- In 2014, the state of Andhra Pradesh (AP) was reorganized to teach the new state of Telangana.
- With this, the Andhra Pradesh State Cooperative Bank (APCOB) was reorganized into two new state cooperative banks:
- Telangana State Cooperative Apex Bank (TSCAB): State government partnered scheduled bank to cater to the needs of Telangana.
- APCOB: The residual catered to the needs of AP.
- Since April 2, 2015, both the banks have started working independently.
- Head Office: Troop Bazar, Hyderabad.
- For all further assistance, visit the website: tscab.org
Board
Board Members:
| Designation | Name of the member |
|---|---|
| Chairman | Shri K Ravinder Rao |
| Vice President | Shri M Damodar Reddy |
| President | Singireddy Penta Reddy |
| President | Singireddy Penta Reddy |
| Managing Director | Dr. Nethi Muralidhar |
| President | Shri K Veera Reddy Ch. Devender Reddy Shri P Gangadhar Rao |
| Official Administrator of Nalgonda | Dr. Gourav Uppal |
| Professional director | Shri K. Subhash Chander Reddy |
| IAS, CC& RCS, Government of Telangana | Shri M. Veerabrahmaiah |
| Professional director | SShri M. Sreenivasulu Reddy |
| CGM, NABARD, Telangana RO | Shri Vijay Kumar |
| IAS, Collector and District Magistrate of Warangal | Smt. M. Haritha |
Services
| Services Offered | Details |
|---|---|
| Account Opening | The process of opening account is simple and quick. |
| RTGS-NEFT Facility | For online transfer of funds to any bank branch, TSCAB offers RTGS and NEFT services from all its branches as well as the Head Office. |
| ATM Services | The service can be used for ATM, POS, and for making online payments. The maximum limit of cash withdrawal is INR 30000 per day through ATM and INR 50000 in POS. |
| TSCAB-Cooperative Training Institute | Established in 1996 and taken over by TSCAB in 2015, the institute provides:
|
| Mobile Banking | The facility aims to provide anytime and anywhere access to the bank facilities for its customers. |
| Other Services |
|
Products
| Products Offered | Details |
|---|---|
| Gold Loan | Customers can avail this loan against pledging of gold ornaments. The facility is available at all branches of the bank. |
| Educational Loans | Loans are issued to students and their parents under the Vidya Vikasa Virdhini Scheme. |
| Home Loans | Attractive housing loans schemes are available for the purchase of a new house or a flat and the construction of the same. The loan is also granted for repairs and extensions. |
| Deposit Scheme | Current account facilities including the cheque book facility are also there. |
| Agricultural Loans | Besides the wide range of agriculture loans, one can sue the overdraft facility to meet the cost of cultivation and activities relating to working capital. |
| Loan Scheme | Personal loans for employees, professionals, people in business issued at a maximum interest rate of 14% p.a. for a maximum amount of INR 5 lakhs. |
Recruitment
| Organization name | Telangana State Cooperative Apex Bank Limited |
|---|---|
| Type of Job | State Government of Telangana |
| Name of the job post | Staff Assistant, Assistant Manager, and Manager |
| Job Location | Telangana |
| Pay Scale | Assistant Manager: INR 11765 to 30305 Staff Assistant: INR 15925 to 35200 Manager: INR 23700 to 42020 |
| Minimum Job Qualification | Graduate |
| Age limit | Staff assistant and assistant manager: 18 to 30 years Manager: 20 to 28 years |
| Mode of application | Online |
| Selection process | Written test |
Key Points
Key Points to Remember:
- It is often witnessed that the TSCAB application form is rejected. It is advised o check all the details correctly before submitting the form.
- Preparation of TSCAB exam requires some efforts. Candidates must prepare well for the current affairs section.
- Candidates must carry the admit card to the TSCAB exam center.
- The recruitment process can be completed only by the local candidates.
- A career in a cooperative bank like TSCAB can get a reputation and some pay. It is a golden opportunity for beginners to cache a job in the cooperative sector.
- Candidates must submit all the documents in the required format.
- It is advised that candidates must refer the official vacancy notification before applying for the same.