Sri Purshotamdas Mandhana
Graduate in Commerce from Nizam College (prestigious institution of Telangana & Andhra Pradesh State). Since 1976 he has been actively involved in family business of cement, oil & blankets. With his dynamic role, he contributed to multi-fold growth in the business and became a successful and well-known industrialist in the society.
In addition to this, he has spread the business to other fields of Construction, Engineering, Plastic Industry and ventured to establish plastic unit in Ethiopia, Africa – a first of its kind in the domain.
He is associated with the Bank since 1997 and as a Director since 2005. In the recent elections of the Board of Directors held during 2015, he has been elected as a Director and has been unanimously elected as CHAIRMAN of the bank.
He is also associated with various social organisation, to name a few:
Previous Positions held:
He is known for his unbiased and non-controversial nature with an inclination to support for the common cause of the society and basically a GO-TO person for all needs!!!.
No Minimum Balance, No initial deposit to open the account.
No restrictions like Age, Income Criteria for opening BSBD Account.
All provisions of KYC, AML, PML are applicable.
Passbooks are given free.
Maximum of Four withdrawals in a month including ATM withdrawals;
RuPay ATM Cum Debit Card with Accidental Insurance of Rs. 1.00 Lac free
No charges for all the above facilities
The Hon’ble Prime Minister in his Independence Day Speech on 15th August, 2014 announced a comprehensive program of Financial Inclusion targeting the large number of people who are currently deprived of even rudimentary financial services. The PradhanMantri Jan DhanYojana (PMJDY) sets out to provide a basic Bank account to every family who till now had no account.