The Bank was registered under the Co-operative Societies Act in the year 1952 and started functioning from April, 1953.


The late Shri B.K. Patel, I.C.S., Ex. Municipal Commissioner, was the principal architect of this Institution which he founded in 1952. Shri Patel with his high sense of public service gathered around him a band of selfless Municipal employees and convinced them that through Co-operative effort Municipal employees could help not only themselves and others in financial difficulties, but could also educate and help them in building up credit.

Thus inspired by lofty ideals for the betterment of the economic and material well-being of the Civic employees, the Bank was launched with the modest beginning.

On the strength of the support and invaluable contribution made by Shri B.K.Patel and the kind patronage and guidance of successive Municipal Commissioners, the Bank could make considerable progress since then as shown below :-

Year 1953
(Rs. in Lacs)
(Rs. in Lacs)
9.71  Share Capitals 17424
0.50 Reserve & other funds  32540
16.80 Deposits 318615
0.45 Investment 143337
46.25 Loan 214448
28.02 Working Capitals 407118
0.24 Net  Profit 4325

 No. of Branches 22

OBJECTS for which the Bank is established are:-
To have one financially sound and stable Central Credit Organisation of all Municipal employees instead of several small Wards and Departmental Credit Societies, on starting of the Bank, many Societies were amalgamated with the Bank.

To undertake Banking business and to open Branch Offices in Greater Mumbai with the object of inculcating the habit of Banking and thrift in the Municipal employees and make banking facilities available for the purpose and on the other hand to give ancillary banking services to the Corporation.

Bank has started ATM facility in nine branches those are Mulund T ward, Sion,Byculla, Bandra, Parel, Nair hospital , Borivali,Chembur, Worli Hub (Off site) & Kapurbavdi (Off site) with NPCI's Rupay card . Bank's ATM cards can be use as debit card on POS machines.

Bank has started SMS alert facility to  Depositors


Pension account facility for MCGM staff and for their family is available contact nearest Branch for futher details

Bank has started RTGS/NEFT facility -IFSC MUBL0000001


  • Please contact our nearest branch or Dy General Manager (Banking) for prompt service at your door-step  

  • Dear Customer, Please note that as per Finance bill 2015,exemption limit of Rs.10000/- for TDS from int on FD/RD is applicable to all depositors(members & nominal members)w.e.f. 1.06.2015. Eligible customer requested to submit 15H/G form with PAN no to branches.

  • Dear Customer,As per Govt.of India Notification ,Service Tax Rate has been revised from 12.36% to 14% which is applicable from 01/06/2015.

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