Banks' profile

Teachers’ Bank :The Safest and Best Salary Earners’ Bank in India should become Teachers' Bank is the Safest and Best Salary Earners’ Bank in India. Founded in 1915 as the Teachers’ Co-operative Society, Teachers’Bank stands as one of the most prestigious banks in India, renowned for its safety and dedication to serving salary earners, particularly teachers. The late Shirali Subba Rao, inspired by Sri Molahalli Shiva Rao, a great pioneer in the co-operative movement in South Canara, was the founding president. With over 110 years of illustrious history, the bank has grown and thrived, thanks to the unwavering support of teachers and the public. 

The selfless contributions of visionary leaders like Mr. L.J. Salins, Mr. K. Venkata, Mr. A.S. Karat, Sri B. Shiva Rao, Mr. K. Honnayya Shetty, and Mr. B. Vittal Shetty have played a pivotal role in this remarkable journey. Under their guidance, the Teachers' Society has excelled in all banking parameters set by the Reserve Bank of India (RBI). In 1975, it was recognized by the RBI, registered under the Banking Regulation Act, and renamed as Teachers’ Co-operative Bank. Today, we operate under the strict supervision of the RBI and proudly manage a business volume of ₹850 Cr. We are the only bank in India exclusively serving for teachers, with membership restricted to educators as per RBI guidelines. We take immense pride in supporting those dedicated to the noble cause of education.

Geographical Presence and Branch Network

Originating in Udupi, Teachers' Bank extends its services across multiple districts, including Udupi, Dakshina Kannada, Uttara Kannada, Shivamogga, Chikkamagaluru, Dharwad, Haveri, Davangere, Tumkur, Hassan, Chitradurga, Kodagu, Mysore, Mandya, Belgaum, Chikkaballapura, Bengaluru Rural, and Ramanagara. We operate 14 branches located at Udupi, Puttur, Karkala, Kundapura, Sullia, Bantwala, Belthangady, Moodabidri, Byndoor, Mangaluru, Shivamogga, Chikkamagaluru, Sagara and Kumta. Our goal is to become an integrated banking solution for all teachers.

Recognition and Achievements

In 2021-22, Teachers’ Bank was honored by the Hon’ble Minister of State for Finance and the Hon’ble Minister of State for Co-operation in New Delhi, celebrating our successful 100-year milestone. Additionally, the bank has recognized as the Best Urban Co-operative Bank and awarded for having the Best Data Center.

Benefits for Members

  • 1. Exclusive Membership : Only teachers can become members of Teachers’ Bank.
  • 2. Accidental Coverage : Members receive ₹5 lakh accidental coverage, with the premium paid by the bank as a token of respect for choosing this noble profession.
  • 3. Loan Repayment Assistance : In the event of a member's death before loan repayment, up to 50% of the loan amount may be waived off. Last year, we waived off up to 80% of the loan amount for our deceased clients. It’s a unique benefit only Teachers’ Bank offers.
  • 4. Attractive Loan Options : We offer easy loans with competitive interest rates, fast approval, and extended repayment periods.
  • 5. Locker Facilities : Available to all customers at the lowest rental rates.
  • 6. High-Interest Rates on Deposits: Attractive interest rates for deposit accounts.
  • 7. Deposit Insurance : Coverage up to ₹5,00,000.
  • 8. Dividend Facility : Members enjoy the benefit of dividends.
  • 9. Digital Banking Services : Debit card and mobile app facilities are available.
  • 10. Payment Facilities : NEFT/RTGS,NACH, SMS alerts, and IMPS services.
  • 11. Insurance Services : Life, Term and General insurance services.
  • 12. Governance Participation : Members gain voting rights and the opportunity to join the managing committee, with the potential to become a director of Teachers’ Bank—an esteemed position offering social recognition and the chance to contribute to societal development,
  • 13. BBPS Facility.
  • 14. Personalized cheque facility.
  • 15. UPI facilities.
  • 16. Extended Service Hours and Doorstep Service : Our branches operate from 9:30 a.m. to 5:15 p.m. without breaks, and we are committed to providing doorstep service to our customers

Our Commitment to Safety

Above all, we pride ourselves on offering loans exclusively to salary earners, ensuring that we remain the safest bank. By focusing solely on teachers, we maintain the highest standards of security and trust.

Teachers’ Bank : More Than a bank - An Emotion and a Brand

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