About Us

The Cooperative Societies Act of 1912 was endorsed in the Punjab in the year 1912 and Shri. Sanglly was appointed as the Registrar, Cooperative Socities Punjab.A meeting of the Landlords and other respectable persons of the Ambala District was called on 14th Nov, 1912 which was presided by Sh. R.T.Clerk, the then Deputy Commissioner of Ambala City. The following office bearers were elected for taking further steps in this respect. President * Sh. R.T. Clerk.Deputy Commissioner, Ambala Vice President *Khan Sahib Nazar Mohamad Ambala City.* R.B.L Banarsi Dass.Mill Owner, Ambala Cantt. Honorary Secretary. R.B.L. Ganga Ram, Honorary magistrate, Ambala City. It was decided that the working capital of the bank should be Rs. 2 Lacs, consisting of 2000 shares of Rs. 100/- each 767 Shares of the value of Rs. 76700/- were sold at the spot and upto the end of December 1912, 1660 shares were sold to the individuals . And Bank was registered on 15the March, 1913 and it started its working on 31st August, 1913. Thus The Ambala Central Cooperative Bank Ltd; Ambala came into inception on 15th March.,1913 in the wake of the enforcement of Cooperative Societies Act,1912 in the state of Punjab. Its area of operation was extended to District Ambala, District Karnal, District Jalandhar, District Ludhiana, and District Simla at that time. As a result of re-origination of states and by the passage of time its area of operation was delimited and it now confines to AMBALA DISTRICT only, consisting of 3 Tehsils, and 3 Blocks which are as under :- TEHSILS. AMBALA,BARARA,NARAINGARH. The Membership of the Bank is restricted to Co-operative societies alone. Total membership of the Bank at present is 386 Societies and 1148 Associate Members ( though associate members are also members of the bank, yet they has no right to vote in the Election of Directors of the Bank ) which comprises of Mini banks, Industrial Societies, Milk Supply societies, Labor and Construction Societies, and other types of societies. The Haryana State Government is also a member of this Bank......

Sh. Hukam Singh Bhati
Chairman Harco Bank

Loan Products

Car Loan

A short-term loan in which the borrower’s car title is used as collateral. The borrower must be the lien holder (i.e. own the car outright). Loans are usually for less than 30 days.

Housing Loan

Loan acquired from a financial institution to purchase a home. Home loans consist of an adjustable or fixed interest rate and payment terms. Home loans may also be referred to as mortgage loans

Education Loan

Money borrowed to finance education or school related expenses. Payments are often deferred while in school and for a six-month grace period after graduation.

Consumer Durable

Consumer durables are a category of consumer products that do not have to be purchased frequently because they are made to last for an extended period.

Cash Credit Traders

A method of buying or selling securities by providing the capital needed to fund the transaction without relying on the use of margin. Cash trading is achieved using a cash account.