Sarva UP Gramin Bank – Financials and Services Offered

Sarva UP Gramin Bank 

Sarva Uttar Pradesh Gramin Bank is also known as SUPGB was formed after the merger of four regional rural banks (Uttar Pradesh Gramin Bank, Meerut, Devi Patan Kshetriya Gramin Bank, Gonda, Rani Laxmi Bai Kshetriya Gramin Bank, Jhansi, and Kisan Gramin Bank, Budaun). The bank done under section 23A (subsection 1) of the Regional Rural Bank Act, 1976 vide Government of India notification dated 30/11/2007. The bank is sponsored by Punjab National Bank.

Firstly, Sarva UP Gramin bank head office is in Jagriti Vihar, Meerut. It has 7 back offices at Bijnor, Budaun, Ghaziabad, Muzaffarnagar, Gonda, Balrampur& Jhansi established as per the guidelines and 511 branches in 17 districts of Uttar Pradesh. Sarva up Gramin Bank branches situated in Bulandshahar, Jhansi, Bijnor, Ghaziabad, Hapur, Meerut, Baghpat, Sambhal, Saharanpur, Gautam Budh Nagar, Shamli, Muzaffarnagar, Haridwar, Gonda, Balrampur, Budaun, and Lalitpur. They plan to open 10 branches every year and propose to have 600 branches by the end of the year 2024.

Sarva UP Gramin bank IFSC code is PUNB0SUPGB5 where the last six characters represent the branch code. This IFSC code used for RTGS, IMPS and NEFT transactions.

Services offered

Similarly, Various types of services are offered at the bank like loans (Kisan credit card, Kisan gold loans, personal loans for teachers and government employees, loans for two-wheelers and education loan), deposit schemes (Anupam account deposit scheme, ordinary fixed deposit scheme, special fixed deposit scheme, multi-benefit deposit scheme, recurring deposit scheme, SUPGB swechha jama yojna and flexible recurring deposit scheme) , insurance schemes (pnb metlife endowment savings plan plus, pnb metlife bachat yojana, pnb metlife guarantee income plan, &  pnb metlife guaranteed savings plan) & united payments interface

Financial status

2017 half yearly turnover figures of the bank were just under Rs. 12900 crores and profits at the end of 2016 stood at Rs. 81 crores. The banks target for gross profit by the year 2024 is pegged at Rs. 356 crores according to Sarva UP Gramin Bank wiki page.

The bank’s performance is average and the ratios are just in the safe zone. So they have to bring in a lot of modern banking ideas to achieve their target. They already have a website (www.upgb.com) but  only used for their internal maintenance and basic work.

Website: https://www.upgb.com/

HO Contact Address
Sarv U.P. Gramin Bank,
C-39/5 , Jagriti Vihar ,
Garh Road , Meerut (U.P)