Madhya Gramin Bank (MGB) is a regional rural bank (RRB) established to provide financial services to the underserved rural population in the Indian states of Madhya Pradesh and Chhattisgarh. With a widespread network of branches and a dedicated mission to promote financial inclusion, MGB has played a pivotal role in transforming rural India's financial landscape.
MGB's mission is to provide accessible and affordable banking facilities to the rural populace, thereby fostering economic growth and social development. Its vision is to become the leading rural bank in the country, known for its customer-centric approach, financial stability, and social commitment.
MGB offers a comprehensive suite of financial products and services tailored to the needs of rural communities, including:
Over the years, MGB has exhibited consistent growth and financial stability.
Year | Total Deposits (Cr.) | Total Advances (Cr.) | Net Profit (Cr.) |
---|---|---|---|
2019-20 | 26,662 | 18,324 | 425 |
2020-21 | 28,895 | 20,231 | 490 |
2021-22 | 32,568 | 22,946 | 585 |
Source: Madhya Gramin Bank Annual Reports
MGB's financial services have had a transformative impact on rural India.
MGB's role in rural India is critical for several reasons:
There are numerous advantages to banking with MGB:
To maximize the benefits of banking with MGB, avoid the following common mistakes:
To open an account with MGB, follow these steps:
Q: Is Madhya Gramin Bank a nationalized bank?
A: No, MGB is a regional rural bank sponsored by the SBI Group.
Q: What is the minimum deposit required to open an account with MGB?
A: The minimum deposit varies depending on the type of account. Please check with your local MGB branch for specific details.
Q: Does MGB offer internet banking services?
A: Yes, MGB provides online banking services through its secure web portal.
Q: What is the interest rate on fixed deposits with MGB?
A: The interest rate on fixed deposits varies depending on the deposit tenure. Please check with your local MGB branch for current rates.
Q: Can I withdraw money from my MGB account using an ATM card?
A: Yes, you can withdraw money from any MGB ATM or other RuPay-enabled ATMs using your MGB debit card.
Q: How do I apply for a loan from MGB?
A: You can apply for a loan at your local MGB branch or apply online through the bank's website.
Q: Does MGB provide insurance products?
A: Yes, MGB offers a range of insurance products, including life insurance, health insurance, and crop insurance.
Q: What is the customer care number for MGB?
A: The customer care number for MGB is 1800-200-4647.
2024-08-01 02:38:21 UTC
2024-08-08 02:55:35 UTC
2024-08-07 02:55:36 UTC
2024-08-25 14:01:07 UTC
2024-08-25 14:01:51 UTC
2024-08-15 08:10:25 UTC
2024-08-12 08:10:05 UTC
2024-08-13 08:10:18 UTC
2024-08-01 02:37:48 UTC
2024-08-05 03:39:51 UTC
2024-08-20 00:05:29 UTC
2024-09-18 17:31:46 UTC
2024-09-04 18:59:02 UTC
2024-08-16 15:51:20 UTC
2024-08-19 15:22:53 UTC
2024-10-19 01:33:05 UTC
2024-10-19 01:33:04 UTC
2024-10-19 01:33:04 UTC
2024-10-19 01:33:01 UTC
2024-10-19 01:33:00 UTC
2024-10-19 01:32:58 UTC
2024-10-19 01:32:58 UTC