Palakkad District Co Operative Bank IFSC Code and MICR Code

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About Palakkad District Co Operative Bank

In the beginning, the Palakkad District Co-operative Bank Limited was functioning as a part of the Malabar Co-operative Central Bank. The bank was named Palakkad Central Co-operative Bank after the formation of the Palakkad district in the year 1963. The bank started functioning as Co-operative Bank in Palakkad District from 1985. It started with a deposit of Rs 46.54 Cr and Rs 92.45 Cr as advances. The bank has always worked for the welfare of the farmers and so introduced Interest-free Loans for farmers first time in India. The farmers warmly accepted the scheme, and it helped the farmers in spreading paddy cultivation.