Gulshan Mercantile Urban Co Operative Bank was established in 1990 with inspiration of Dr. C. K. Jain S/O Lala Gulshan Rai Jain, Prominent Personality of Western UP and is a reputed industrialist. He has been guiding for the growth of bank since its inception. Our first branch start working wef 11 November, 1991 at 45-B, New Mandi, Muzaffarnagar.

Now as on date 30.09.2020, the bank has a network of seven BRANCHES and one VISTAR PATAL.

The Road Map of seven branch of Gulshan Bank and one Vistar Patal are as:

Soon ATM is coming.

The bank’s brand image & trust reposed by its customers have been reflected with growing customer base & rising business graph of the bank.

Elected Board of Members:-

Business Performance:-

Rs. in Lacs

People Development:-

The bank believes that people development matters more now than ever before to drive profitability through growth. The Bank took various initiatives in human resources development by keeping employee morale high through the inclusion of employees voice in various forums.

Financial Inclusion:-

Our bank provides Financial products and services needed by vulnerable groups such as weaker sections and low income groups at an  affordable cost in a fair and transparent manner by cost in a fair and transparent manner by mainstream Institutional players.

Financial services provided as follows:

• Pradhan Mantri  Jeevan Jyoti Beema Yojna
• Pradhan Mantri Suraksha Beema Yojna
• Remittances- Money Transfer Facilities
• Micro Insurance

The Reserve Bank - Integrated Ombudsman Scheme, 2021:-

The Reserve Bank - Integrated Ombudsman Scheme, 2021 (the Scheme) was launched today in virtual mode by Hon’ble Prime Minister Shri Narendra Modi.

2. The Scheme integrates the existing three Ombudsman schemes of RBI namely, (i) the Banking Ombudsman Scheme, 2006; (ii) the Ombudsman Scheme for Non-Banking Financial Companies, 2018; and (iii) the Ombudsman Scheme for Digital Transactions, 2019. The Scheme, framed by the Reserve Bank in exercise of the powers conferred on it under Section 35A of the Banking Regulation Act, 1949 (10 of 1949), Section 45L of the Reserve Bank of India Act, 1934 (2 of 1934), and Section 18 of the Payment and Settlement Systems Act, 2007 (51 of 2007), will provide cost-free redress of customer complaints involving deficiency in services rendered by entities regulated by RBI, if not resolved to the satisfaction of the customers or not replied within a period of 30 days by the regulated entity.

3. In addition to integrating the three existing schemes, the Scheme also includes under its ambit Non-Scheduled Primary Co-operative Banks with a deposit size of ₹50 crore and above. The Scheme adopts ‘One Nation One Ombudsman’ approach by making the RBI Ombudsman mechanism jurisdiction neutral.

4. Some of the salient features of the Scheme are:

    (i) It will no longer be necessary for a complainant to identify under which scheme he/she should file complaint with the Ombudsman.

    (ii) The Scheme defines ‘deficiency in service’ as the ground for filing a complaint, with a specified list of exclusions. Therefore, the complaints would no longer be rejected simply on account of “not covered under the grounds listed in the scheme”.

    (iii) The Scheme has done away with the jurisdiction of each ombudsman office.

    (iv) A Centralised Receipt and Processing Centre has been set up at RBI, Chandigarh for receipt and initial processing of physical and email complaints in any language.

    (v) The responsibility of representing the Regulated Entity and furnishing information in respect of complaints filed by customers against the Regulated Entity would be that of the Principal Nodal Officer in the rank of a General Manager in a Public Sector Bank or equivalent.

    (vi) The Regulated Entity will not have the right to appeal in cases where an Award is issued by the ombudsman against it for not furnishing satisfactory and timely information/documents.

5. The Executive Director-in charge of Consumer Education and Protection Department of RBI would be the Appellate Authority under the Scheme.

6. Complaints can continue to be filed online on https://cms.rbi.org.in. Complaints can also be filed through the dedicated e-mail or sent in physical mode to the ‘Centralised Receipt and Processing Centre’ set up at Reserve Bank of India, 4th Floor, Sector 17, Chandigarh - 160017 in the format. Additionally, a Contact Centre with a toll-free number – 14448 (9:30 am to 5:15 pm) – is also being operationalised in Hindi, English and in eight regional languages to begin with and will be expanded to cover other Indian languages in due course. The Contact Centre will provide information/clarifications regarding the alternate grievance redress mechanism of RBI and to guide complainants in filing of a complaint.

7. A copy of the Scheme is available on the RBI website and on the CMS portal (https://cms.rbi.org.in). The Scheme will be effective from today.