One year in a
member's passbook
A crop loan in June. The cotton sale in November. The loan closed four days later, interest credited in March, and what was left put into a deposit. That is the whole business of this bank, in five lines.
| Date | Particulars | Withdrawal | Deposit | Balance |
|---|---|---|---|---|
| 15.06.25 | Crop loan, kharif | 60,000 | 61,340 | |
| 02.11.25 | Cotton sale, APMC | 1,42,500 | 2,03,840 | |
| 06.11.25 | Crop loan closed | 62,100 | 1,41,740 | |
| 31.03.26 | Interest credited | 4,268 | 1,46,008 | |
| 12.04.26 | Fixed deposit, 2 yr | 1,00,000 | 46,008 |
Siruguppa
Illustrative entries · Not a real account
Balance sheet at a glance
Audited figures as on 31 March 2026 · Statutory audit classification: A
Money raised in a taluk is lent inside that taluk
Vande Maatrubhumi began in 1978, when eleven handloom weavers in Ballari pooled ₹40 each because no lender in town would advance against yarn. The Reserve Bank granted a banking licence in 1988. The rule written into the first minute book has not been amended since.
Forty-seven branches now operate across four districts on a deposit book of ₹1,284 crore. Just over two-thirds of advances go to agriculture, allied activity and small trade — the borrowers commercial banks reach last, and leave first.
Growth has been deliberate rather than fast: one or two branches a year, opened only where members already banked with us informally. We have never opened outside the four districts, and do not intend to.
Interest rate schedule
The whole schedule on one page. No asterisks, no introductory rate that lapses in a quarter.
Rates per annum
Displayed at every branch counterWhat we pay you
| Savings account | 3.50% |
|---|---|
| 7 to 45 days | 4.50% |
| 46 to 90 days | 5.25% |
| 91 to 180 days | 6.00% |
| 181 days to 1 year | 6.75% |
| 1 year to 2 years | 7.25% |
| 2 years to 3 years | 7.50% |
| 3 years and above | 7.40% |
| Senior citizens, all tenures | +0.50% |
What you pay us
| Crop and allied agriculture | 7.00% |
|---|---|
| Housing loan, up to 20 years | 8.75% |
| Vehicle loan | 9.25% |
| Gold loan | 9.50% |
| Self-help group | 10.50% |
| Cash credit, small trade | 11.00% |
| Personal loan | 13.00% |
| Loan against own deposit | Deposit rate +2.00% |
| Prepayment charge | Nil |
Rates are reviewed by the board every quarter. Changes apply to new deposits and fresh sanctions only — an existing fixed deposit keeps the rate it was booked at.
What a branch can do for you
- 01RuPay debit card
Issued at the branch in a single visit. Works at any ATM and on UPI through the mobile app.
- 02Pigmy daily collection
An agent collects from your shop or home six days a week and receipts it on the spot.
- 03Safe deposit lockers
Small, medium and large lockers at 21 branches. Annual rent from ₹1,200.
- 04NEFT, RTGS and IMPS
Outward transfers from any branch counter. IMPS runs around the clock through the app.
- 05At-par cheques
A cheque drawn on any branch clears at every other branch without a collection charge.
- 06Life and general insurance
Corporate agency tie-ups for term cover, crop insurance and vehicle policies.
- 07Inward money transfer
Remittance from abroad through Western Union and Xpress Money, paid in cash or credited.
- 08Government collections
Property tax, electricity bills and pension credit handled at the branch counter.
Announcements to members
- 01 Aug 2026Revised deposit and lending rates take effect todayCircular
- 22 Jul 2026New branch opens at Kampli, Vijayanagara districtBranch
- 10 Jul 202648th Annual General Meeting — 14 September, Ballari head officeAGM
- 02 Jul 2026Gold loan camp for kharif season borrowers, 8 to 12 JulyCamp
- 19 Jun 2026Dividend of 12% declared for the year 2025-26Dividend
Annual reports and forms
Audited accounts are published in Kannada and English within sixty days of the AGM.
The same passbook, on a phone
- Check balance and the last ten entries without signing in
- Send money by UPI, IMPS, NEFT and RTGS
- Open a fixed deposit at the counter rate, no branch visit
- Block a lost debit card straight away
- Kannada and English throughout