Activities

Medical Camp

A medical camp was conducted by the bank under the leadership of the doctors from MES Medical College, Perinthalmanna. It was a big relief for people from all walks of life.

Medical Aid

With full cooperation of its members and the general public, the Vazhayoor Co-operative bank is distributing medical aid to people from financially backward section of the society for dialysis and for chronically ill patients.

Bank started Neethi medicals and lab at karad. Medicines and lab test are available at 8 to 70% discounted price

Educational Aid for schools

As part of its Golden Jubilee celebrations Vazhayoor Bank has made effective contributions to several schools in the district.

• A Prateekshalayam room was built for the Karad Government LP School
• Pre-primary class room was built for Vazhayoor (Thiruthiyad) Government LP School
• 11 schools in the Panchayath were given water Purifiers
• 150 students selected from 11 schools in the Panchayath and 30 students selected from families under Palliative Care Clinic were given student study kits, umbrellas, bags
• Cash awards given to students who had scored high marks in SSLC & Plus 2 exams
• Deshabhimani paper is being given to all schools in the Panchayath by the Vazhayoor bank.
• Vazhayoor Bank extended Library fund for PMSA PTHSS Kakkove, Ramanattukara Higher Secondary School, Azhinhilam AUP School, Padma UP school, Karad
• Educational Fund given to financially backward students who scored high marks in Medical Entrance Exams.

Other services

RTGS

Vazhayoor Service Co-operative Bank offers RTGS services to its customers. Real time gross settlement systems (RTGS) is a specialist funds transfer system where transfer of money or securities takes place from one bank to another on a "real time" and on "gross" basis. The settlement in "real time" means payment transaction is not subjected to any waiting period. Here the continuous (real-time) settlement of funds is done by transferring individually on an order by order basis and the processing of instructions at the time they are received is done rather than at some later time.

NEFT

National Electronic Funds Transfer (NEFT) is a nation-wide payment system for making transfer of funds. Individuals can electronically transfer funds from any bank branch to any individual having an account with any other bank branch in the country participating in the Scheme. The NEFT system operates on a Deferred Net Settlement (DNS) basis which settles transactions in batches. In DNS, the settlement takes place with all transactions received till the particular cut-off time. These transactions are netted (payable and receivables) in NEFT. Your transactions are easier, and, with fewer restrictions with the NEFT service.