What TJSB Sahakari Bank does

TJSB Sahakari Bank is a multi-state scheduled cooperative bank headquartered in Thane, Maharashtra, India, established in 1972 (originally as Thane Janata Sahakari Bank). The bank operates 172 branches across seven Indian states — Maharashtra, Goa, Karnataka, Gujarat, Madhya Pradesh, Chhattisgarh, and Rajasthan — offering a comprehensive suite of personal banking, business banking, and NRI banking products. Its technology backbone is a Core Banking Solution (CBS) supporting an extensive digital payment infrastructure that includes BBPS (where it was the first cooperative bank to go live), UPI branded as TranZapp (also a first for cooperative banks), RTGS, NEFT, IMPS, RuPay debit card issuance across multiple variants, mobile and internet banking platforms, and a dedicated TJSBSociety App for housing society management.

The bank serves retail individuals (salaried, self-employed, students, women through dedicated Pink Account), SMEs and traders, cooperative housing societies, NRIs, and microfinance/SHG borrowers through 50+ product offerings spanning tiered savings/current accounts (Basic, Elite, Silver, Gold, Sanyukta, NexGen, Salary, Student), fixed and recurring deposits, retail and commercial loans, trade finance instruments, forex, insurance and mutual fund distribution, demat services, and government scheme participation (PMJDY, MUDRA, ECLGS 5.0). Revenue is generated through net interest spread on deposits and advances, transaction and processing fees on loans and digital payments, and commission income from third-party product distribution.

As of March 31, 2025, the bank reported a total business mix of Rs. 25,360 crore (~$3 billion) and net profit of Rs. 155 crore (~$18.5 million). Ownership is cooperative and member-owned with no public listing, PE/VC involvement, or external equity funding rounds. The bank is regulated by the Reserve Bank of India, registered with DICGC for deposit insurance, and holds a Permanent AD-I forex license.

Name

TJSB Sahakari Bank

Legal name

TJSB Sahakari Bank Ltd

Website

https://tjsb.bank.in

Company type

Private

Founded year

1972

Operating status

Operating

Headcount range

251–500 employees

Short description

TJSB Sahakari Bank is a multi-state scheduled cooperative bank headquartered in Thane, India, operating 172 branches across seven states and serving retail, SME, NRI, and housing society customers with comprehensive banking, lending, and digital payment products.

Ownership category

akta.pro rank

Product category

Cooperative Banking

NAICS

Depository Credit Intermediation (5221), Credit Unions (522130), Savings Institutions and Other Depository Credit Intermediation (522180)

SIC

State Commercial Banks (6022), Short-Term Business Credit Institutions (6153)

akta.pro primary industry

Loan Operations & Servicing (Consumer/SME/Corporate) (FSABALAD)

akta.pro secondary industries

Customer Servicing & Contact Center Operations (Service Requests, Complaints) (FSABALAK), Trade Finance & Supply Chain Finance Platforms (FSAGAJAL), Regulatory Reporting & Compliance Operations (Ops support for reporting, audits, exams) (FSABALAM)

Keywords

• Cooperative banking
• Retail banking services
• SME lending
• Digital payments
• NRI banking

Headquarters

HQ city

Thane

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Interest Income from Loans: Primary revenue stream from interest earned on various loan products including housing loans, personal loans, vehicle loans, education loans, gold loans, business/commercial loans, SME loans, and microfinance loans. Interest rates are offered as fixed and floating options.
2. Deposit Interest Spread: Earning interest spread by accepting deposits (savings, current, fixed deposits, recurring deposits) from customers and lending at higher rates
3. Fee-based Banking Services: Processing fees, service charges, commission income from services including account maintenance, ATM/debit card charges, service charges for various banking services, locker rent, forex services, demat services, and insurance distribution (bancassurance)
4. Digital Payment Services: Transaction fees and commission from digital payment services including BBPS bill payments, UPI transactions, RTGS/NEFT transfers, and IMPS
5. Third-party Product Distribution: Commission income from distribution of third-party products including mutual funds, life and non-life insurance through bancassurance partnerships

Pricing tiers

Go-to-market motion1 record

Distribution channels8 records

Marketing channels10 records

Core offering

TJSB Sahakari Bank is a multi-state scheduled co-operative bank providing retail and commercial banking services including savings and current accounts, fixed and recurring deposits, a broad portfolio of personal and business loans (housing, vehicle, education, SME, trade finance, microfinance), digital payment services (UPI/TranZapp, BBPS, RTGS, NEFT, IMPS), debit cards, NRI banking (NRE/NRO/FCNR), and third-party distribution of insurance and mutual funds. It operates 172 branches across 7 Indian states and complements physical branches with an award-winning mobile banking app, internet banking, ATM network, and merchant QR code solutions.

Product overview

TJSB Sahakari Bank is a multi-state scheduled cooperative bank established in 1972 offering a comprehensive suite of banking products and services. The bank operates 172 branches across 7 states (Maharashtra, Goa, Karnataka, Gujarat, Madhya Pradesh, Chhattisgarh, and Rajasthan) with a business mix of Rs.25,360 crore and net profit of Rs.155 crore as of March 2025. The bank's product portfolio includes: (1) Personal Banking: Savings accounts (TJSB Savings, Elite, Silver, Gold, Sanyukta, NexGen, Student, Salary, Women Pink), NRI accounts (NRE, NRO, FCNR), deposits (Fixed, Recurring, Kar-Bachat), and loans (Personal, Housing, Mortgage, Two-Wheeler, Auto, Green Car, Education, Consumer, Professional, Travel, Women Entrepreneur, Gold, NRI Property, Flexi Housing, Overdraft, Top-Up, Saur Shakti, Micro Finance). (2) Digital Banking: Debit cards (RuPay Select Contactless, RuPay Contactless Platinum, RuPay Platinum, RuPay Classic, RuPay JCB International), Personalized QR Code, Internet/Mobile Banking, SMS Banking, ATM, BBPS, UPI (TranZapp), RTGS, NEFT. (3) Business Banking: Current accounts (Current, Elite, Silver, Gold, Sanyukta, Society), Funded facilities (Term Loan, Cash Credit, Overdraft, Liquid Rent Discounting, Easy Credit, Asset Backed Credit), Non-funded facilities (Letter of Credit, Bank Guarantee, Buyers Credit), Special schemes (Industrial Solar, ODS Drop Against Property, Trade Ease, FLEET, SME, Mudra, ECLGS 5.0, Bills/LC Discounting, Pre/Post-Shipment Finance, CC Pledge). (4) Other Services: Lockers, Insurance, Demat, Mutual Fund, Forex, PMJDY, ASBA, GST, CLCS. The bank differentiates through digital leadership (first cooperative bank for UPI and BBPS) and award-winning mobile application.

Differentiator

Problem solved

Functional benefit

Products and services

• TJSB Savings Account Standard savings bank account with digital banking facilities, SMS alerts, and cheque book access for individual customers.
• TJSB Savings Elite Account Premium tier savings account with enhanced benefits and preferential services for high-value customers.
• TJSB Savings Silver Account Mid-tier savings account variant with specific minimum balance requirements and associated benefits.
• TJSB Savings Gold Account Premium savings account variant with enhanced benefits for valued customers.
• SB NexGen Savings Account Next-generation digital-first savings account with enhanced mobile and internet banking features.
• Student Savings Account Savings account designed for students with specialized features and minimum banking requirements.
• Salary Savings Account Salary account for salaried individuals with features like overdraft facility and preferential loan rates.
• TJSB Women Pink Account Specialized savings account with benefits tailored for women customers.
• NRE Account Non-Resident External Rupee account for NRIs with tax-free interest and full repatriation facilities.
• NRE Student Account NRE account variant for students studying abroad with specialized features.
• NRO Account Non-Resident Ordinary Rupee account for NRIs holding Indian income sources.
• FCNR Account Foreign Currency Non-Resident account for NRIs to hold deposits in foreign currency with exchange rate protection.
• Fixed Deposit Term deposit scheme with attractive interest rates and flexible tenure options for wealth accumulation.
• Kar-Bachat Scheme (Tax-Saving FD) Tax-saving fixed deposit scheme under Section 80C of the Income Tax Act with higher yields and tax benefits.
• Recurring Deposit Systematic deposit scheme requiring regular monthly contributions for disciplined savings.
• Personal Loan Unsecured loan for personal financial needs including medical emergencies, weddings, and travel with quick approval.
• Housing Loan Home finance loan for purchase, construction, or renovation of residential properties with loans up to Rs.300 lakhs.
• Gold Loan Loan against gold ornaments and jewelry with high loan-to-value ratio and quick processing.
• Education Loan Finance for higher education in India and abroad with competitive rates and moratorium period.
• Auto Finance / Vehicle Loan Vehicle financing for cars and other automobiles with customized repayment options.
• Two Wheeler Loan Finance for purchase of two-wheelers with competitive interest rates and flexible tenure.
• TJSB Micro Finance Loan Micro credit facility for SHGs and individuals with maximum Rs.2 lakh for SHGs and Rs.1 lakh for individuals, rate of interest 12-14%.
• RuPay Debit Card Variants Range of RuPay debit cards (Select Contactless, Contactless Platinum, Platinum, Classic, JCB International) with varied benefits such as airport lounge access, insurance cover, and contactless payments.
• UPI / TranZapp UPI-based instant payment service enabling real-time fund transfers via QR codes and VPA.
• BBPS (Bharat Bill Payment System) Bharat Bill Payment System for one-stop bill payment for utility bills, insurance, and other recurring payments.
• Mobile Banking Application Award-winning mobile banking application providing 24x7 access to account services, fund transfers, bill payments, and transaction management.
• RTGS / NEFT / IMPS Fund Transfers Real Time Gross Settlement, National Electronic Funds Transfer, and Immediate Payment Service for fund transfers across banks in India.
• Personalized QR Code for Merchants Unique QR code for merchants enabling customers to pay via any UPI app with instant 24x7 settlement.
• Safe Deposit Lockers Secure storage facility for valuables at select branches with varying sizes and competitive rental rates.
• Forex Services Foreign exchange services including forex cards, wire transfers, and currency exchange for NRIs and travelers.
• Demat Services Depository services for holding securities in electronic form through NSDL/CDSL partnerships.
• Insurance Distribution (Bancassurance) Life and non-life insurance distribution through bancassurance partnerships.
• Mutual Fund Distribution Mutual fund distribution services for investment in various debt and equity schemes.
• Pradhan Mantri Jan Dhan Yojana Government scheme offering zero-balance bank accounts with RuPay debit card and insurance coverage.
• Current Account (Business) Business transaction account with QR code facility, minimum balance INR 3,000 metro and INR 2,000 non-metro.
• Current Elite Account Premium business account with RuPay Classic debit card, 50 cheque leaves, and free SMS alerts.
• Current Silver Account Mid-tier business account with RuPay Platinum debit card and insurance cover up to Rs.2 lakhs.
• Current Gold Account Premium business account with RuPay JCB or Contactless Platinum debit card and enhanced benefits.
• Sanyukta Current Account Zero balance business account for small retailers, wholesalers, and hawkers with UPI integration.
• Society Account Smart current account for cooperative housing societies with TJSBSociety App integration for management.
• Term Loan (Business) Capital expenditure loan for machinery purchase, expansion, and modernization with repayment up to 7 years.
• Cash Credit / Overdraft Limit Working capital facility for businesses with annual renewal and flexible drawdowns.
• Letter of Credit

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration15 records

Feature5 records

Partnerships

Six partnerships are on record, tiered core.

• National Collateral Management Services Ltd. (NCMSL)coreTechnology or IntegrationTie-up arrangement for CC Pledge Facility Against Warehouse Receipts (WHR) enabling commodity finance against pledged warehouse receipts for agricultural commodity traders.
• National Bulk Handling Corporation Ltd. (NBHCL)coreTechnology or IntegrationTie-up arrangement for CC Pledge Facility Against Warehouse Receipts enabling commodity finance with warehouse receipts noted in favor of TJSB Bank.
• National Credit Guarantee Trustee Company Limited (NCGTC)coreOthersNCGTC manages ECLGS 5.0 scheme providing credit guarantee coverage of 100% for MSMEs and 90% for non-MSMEs. TJSB Bank participates as a Member Lending Institution (MLI) for scheduled urban cooperative banks.
• NPCI (National Payments Corporation of India)coreTechnology or IntegrationRuPay debit card network partnership for various debit card variants (Classic, Platinum, Contactless, Select, JCB International). First co-operative bank to go live with UPI payment system.
• DICGC (Deposit Insurance and Credit Guarantee Corporation)coreOthersRegistered with DICGC for deposit insurance coverage of customer deposits under the DICGC Act.
• BBPS (Bharat Bill Payment System)coreTechnology or IntegrationFirst co-operative bank to go live with BBPS for bill payment services, enabling customers to pay utility bills, insurance premiums, and other recurring payments.

Scale indicators5 records

Recent moves7 records

Expansion highlights7 records

Broad incumbents

• RBL Bank: Listed Indian private sector bank with strong retail, SME and NRI banking focus competing head-to-head with TJSB in target segments, but operating with materially larger capital, branch network and product breadth.
• City Union Bank: Listed mid-sized private sector bank with comparable SME, trade finance and retail banking focus and similar pan-India but regionally-concentrated franchise, but with public-market capital access.

Regional players

• Bank of Maharashtra: Public sector bank with strong Maharashtra concentration and overlapping retail, MSME, and government scheme distribution (PMJDY, MUDRA, ECLGS) — directly competes with TJSB in its home state.

Direct peers

• Abhyudaya Cooperative Bank: Multi-state scheduled urban cooperative bank headquartered in Mumbai with comparable retail deposit, loan and trade finance products, and a similar Maharashtra-centric multi-state expansion strategy.
• Shamrao Vithal Cooperative Bank: Multi-state scheduled cooperative bank with strong retail, NRI and SME banking presence and digital initiatives including mobile and internet banking. Comparable in cooperative structure and product breadth.
• Saraswat Cooperative Bank: Largest multi-state scheduled cooperative bank in India, headquartered in Mumbai with a comparable product suite (retail deposits, NRI accounts, SME loans, trade finance) and similar multi-state regulatory status. Most directly comparable cooperative peer.
• NKGSB Cooperative Bank: Multi-state scheduled cooperative bank with similar retail and SME focus, branch-led distribution and digital banking investments. Comparable as a peer cooperative of similar regional footprint.
• Bharat Cooperative Bank (Mumbai): Multi-state scheduled cooperative bank based in Mumbai offering retail deposits, housing loans, SME finance and trade-related products. Closely comparable in business mix, regulatory status and customer segments.
• The Cosmos Cooperative Bank: Multi-state scheduled urban cooperative bank headquartered in Pune with comparable retail, SME and NRI banking offerings and similar Maharashtra-anchored franchise. Operates at a similar scale to TJSB.

Emerging players

• Ujjivan Small Finance Bank: Small Finance Bank with strong microfinance, retail and SME focus targeting similar underserved customer segments, but with newer banking license, public-market listing, and digital-first operating model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

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• LinkedInlinkedin.com/company/tjsb-sahakari-bank-ltd
• Instagraminstagram.com/tjsbonline

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about TJSB Sahakari Bank