About Us

Arakuparamp Service Cooperative Bank was formed on 10/05/1953 as United Credit Cooperative (Aikya Nanaya Sangham) and started its operations on 08/06/1953. It was later registered as the Primary Agriculture Credit Society on 17/01/1964. It operates as a Class 1 Special Grade Bank with two branches in Arakkuparamba village of Perinthalmanna Taluk in Malappuram district. The bank has during its long and prosperous journey been able to reframe itself as a vibrant, rapidly growing, service-oriented and trendsetting financial establishment with strong core values. With diligent service, this bank upholds a consistent A-grade audit classification Continuously.

The bank has been running continuously for 30 years in profit. 15% dividend is paid to the shareholders. As part of the bank’s diversification, Neeti Medical Store NEETHI Medical Lab as well as Neo Medical Clinic has been launched in Matarakal, the bank’s operational area, to provide low-cost treatment facilities for English medicines at a 15% to 50% discount Neethi Lab operates with fully automated modern equipment’s totally dedicated to serve people with high quality test reports. Neo Medi clinic is focused on providing specialist-orientated, multi-disciplinary services across the continuum of care in such a way that the most respected and trusted provider of healthcare services In addition, the initial steps have been started to build a wedding hall at Mattarakal, which adds an element of luxury to the area. We are making our move toward the advancements of Arakkuparamba