FINANCIAL INSTITUTIONS : RUPEETIMES.COM
The Meghalaya Co-operative Apex Bank Ltd.
The Meghalaya Co-operative Apex Bank Ltd. (MCAB) was established on 16th February, 1971 when Meghalaya State was formed after bifurcation from the erstwhile Assam State. Since its establishment it has been a pioneer in banking in the State and offering various public utility services. Bank has various attractive deposit schemes to cater the financial needs of the general public and has been offering 0.25 % more interest than the Commercial / Public Sector Banks to inculcate savings habit in people.

Bank offers loan for agriculture and allied agricultural activities, procurement and marketing, consumer goods dealing, handloom and weaving, housing, transport, consumer durables, tourism development and various other viable economic activities under farm & non-farm sectors for improving the economic condition of the people. The Bank has arrangement for Issue of Bank Drafts and Cheques all over Assam and all important places in the Country including Metropolitan Cities. Bank has launched mobile banking system in rural areas of East Khasi Hills Districts. To help unemployed youths it provides credit support for their self employment on easy terms and conditions and have also opened two “Counseling Centres”, one at Shillong and the other at Tura in West Garo Hills to educate them in this regard.
The Meghalaya Co-operative Apex Bank Ltd. (MCAB) has a wide network of 41 branches spread across the State. In the beginning bank started its operations with just two branches- one at Shillong and the other at Tura.
Institution Info
Head Office The Meghalaya Co-operative Apex Bank Ltd.
M. G. Road,
Shillong 793001,
East Khasi Hills District
Shillong - 793001
Meghalaya
India
Website http://mcab.gov.in/
No. of branches 41
Customer Care Numbers Shillong: (0364)-2224263
Tura : (03651)-222208, 222456
Cherrapunjee: (03637)-235238
Baghmara: (03639)-222232
Products / Services
The Meghalaya Co-operative Apex Bank Ltd. Home Loans
The Meghalaya Co-operative Apex Bank Ltd. Fixed Deposits

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