A group of like-minded leaders of Arya Ediga Community formed the bank in 1976 with a meager share capital of Rs. 2 Lakhs. The bank was registered under the provision of Karnataka Co-operative Societies Act, 1959 on 31st May 1976. Reserve Bank of India issued the license under the provision of Banking Regulation Act, 1949 on 17th November 1978 to conduct banking business.
In line with recognized International Practice and for the information of customers and others who visit the Bank's website we believe it is necessary to post a privacy statement. The information shared with the Bank will be treated as private. We also desire to say explicitly that adequate precautions have been taken to protect information relating to customers and their dealings with the Bank from the mischievous and the fraudsters.
Customer confidentiality and privacy are of utmost concern to our Bank. Our employees treat the information we have concerning your accounts in the same responsible and confidential way that we want our financial affairs treated. Whenever the term 'they', 'them' or 'their' is used, that refers to the word customer.
We recognize that our customers expect privacy and security for their personal and financial affairs. We understand that, by selecting us for their banking needs, they have entrusted us to safeguard their personal financial information. We want them to be informed of our commitment to protect the privacy of their personal financial information with the following privacy principles and practices.
We collect information from them regarding Name, Addresses, E-mail Addresses, Passport Number, Income, PAN, Details of Nominees, etc.
On our site, we collect, retain, and use information about them only when we reasonably believe that it will help administer our business or provide products, services, and other opportunities to them. We collect and retain information about them only for specific business purposes.
Open and administer their accounts and protect their records and funds.
It is in their interest, and it is our objective, for us to have accurate, current, and complete information concerning.
We follow best security practices to help prevent unauthorized access to confidential information about them.
Sri Sudha Co-operative Bank Ltd. does not release customer information except as directed by law or as per customer mandate. We do not share specific information about customer accounts or other personally identifiable data with non-affiliated third parties for their independent use unless the customer authorizes us to share.
Children visiting Bank's website: We are confident that parents will not judge any of the information provided by the Bank as objectionable for viewing by their children.
Customers using Bank's Internet Banking Service: For customers using our Internet Banking. Mobile/Banking, all visitor information is collected along with any information that they volunteer as a customer while using Bank's website.
Links to, or from, Bank's website: Bank is not responsible for information practices employed by websites linked with our website. Generally, links to non-bank websites are provided solely as pointers to information on topics that may be useful to users of the Bank's website.
Encrypted information: Information provided by them on Bank's website is encrypted or scrambled to secure information.