Mizoram Cooperative Apex Bank

What Mizoram Cooperative Apex Bank does

Mizoram Cooperative Apex Bank Ltd is a state-level cooperative apex bank established in 1982 and headquartered in Aizawl, Mizoram, India. The bank serves retail customers, agricultural borrowers, MSMEs, and religious institutions across Mizoram through a 35-branch physical network complemented by digital channels. It is registered with the Deposit Insurance and Credit Guarantee Corporation (DICGC) and was included in the Reserve Bank of India's Second Schedule in May 2026, granting it Scheduled Bank Status.

Name

Mizoram Cooperative Apex Bank

Legal name

Mizoram Cooperative Apex Bank Ltd

Website

https://mizoapex.com

Company type

Private

Founded year

1982

Operating status

Operating

Headcount range

51–100 employees

Short description

Mizoram Cooperative Apex Bank is a state-level cooperative bank founded in 1982 serving retail customers, farmers, MSMEs, and religious institutions across Mizoram, India through 35 branches and digital channels. It offers deposits, loans from 7% p.a., RuPay cards, UPI, and QR payments.

Ownership category

akta.pro rank

Headquarters

HQ city

Aizawl

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income on Loans: Primary revenue stream from lending activities including personal loans, housing loans, agriculture loans, MSME loans, church loans, and festival advances at rates starting from 7% p.a.
2. Deposit Operations: Accepting deposits from customers and providing interest rates on savings and term deposits
3. Fee-based Services: Service charges on various banking services including locker rentals, insurance products, debit card services, and transaction fees
4. Digital Banking Services: Mobile banking and net banking services generating revenue through transaction fees and value-added services

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels3 records

Core offering

Mizoram Cooperative Apex Bank is a state-level cooperative bank that accepts deposits (savings, current, and fixed deposits), extends loans across personal, housing, agriculture, MSME, church, and festival segments, and provides digital banking services through mobile and internet banking, UPI, QR Soundbox, and RuPay debit cards across 35 branches in Mizoram.

Product overview

Mizoram Cooperative Apex Bank operates as a cooperative apex bank offering a unified digital banking platform centered around its MizoApex Mobile App and Net Banking portal, supplemented by a physical branch and ATM network. The product portfolio includes RuPay debit cards (Classic and Platinum variants), a QR Soundbox for merchant payments, and Unified Payment Interface (UPI) for instant fund transfers. The bank also provides lending products (Personal, Housing, Agriculture, Church, MSME, and Festival Advances), insurance products, and locker services. The bank's digital banking suite enables customers to access a full range of banking services across mobile and web channels, with the mobile app serving as the primary digital touchpoint.

Differentiator

Problem solved

Functional benefit

Products and services

• Savings Bank Accounts Deposit accounts for individuals and members to park funds, earn interest, and conduct routine transactions through branches, mobile banking, and net banking.
• Current Accounts Non-interest-bearing demand deposit accounts designed for businesses and frequent-transaction customers, with no limit on withdrawals and deposits.
• Fixed Deposits / Term Deposits Time deposits where funds are locked in for a fixed tenor at a contracted interest rate, providing guaranteed returns for members and other depositors.
• Personal Loans Unsecured or secured credit facilities extended to individual members and customers to meet personal consumption, medical, education, or family obligations.
• Housing Loans Term loans for purchase, construction, renovation, or extension of residential property, available to members and retail customers across Mizoram.
• Agriculture Loans Crop loans and term credit extended to farmers and agricultural cooperative members for cultivation, allied activities, and farm-related investments.
• MSME Loans Working capital and term finance facilities extended to micro, small, and medium enterprises for business operations, expansion, and asset acquisition.
• Church Loans Credit facilities extended to churches and faith-based institutions for construction, renovation, and other community infrastructure needs unique to Mizoram's religious landscape.
• Festival Advances Seasonal short-term advances extended to members to finance expenses related to festivals, ceremonies, and community events prevalent in Mizoram.
• MizoApex Mobile Banking App Mobile application enabling account holders to view balances and statements, transfer funds, pay bills, and conduct transactions from smartphones.
• Net Banking / Internet Banking Web portal allowing registered customers to access accounts, perform inter-account and inter-bank transfers, view statements, and initiate service requests online.
• UPI Payment Services UPI-based real-time payment service allowing customers to send and receive money, pay merchants, and transact using virtual payment addresses linked to their accounts.
• QR Soundbox Merchant Solution Device deployed at merchant locations that announces UPI and QR-code payment receipts audibly, enabling real-time payment confirmation for small merchants.
• RuPay Classic Debit Card Domestic debit card on the RuPay network enabling ATM cash withdrawals, POS purchases, and online transactions for account holders.
• RuPay Platinum Debit Card Higher-tier RuPay debit card providing enhanced transaction limits, insurance benefits, and additional privileges for eligible account holders.
• Locker Services Safe deposit lockers offered at branch locations for safekeeping of valuables and documents, available to account holders on rental terms.
• Insurance Products Insurance offerings distributed through bank channels providing life and non-life coverage options to members and customers.

Quantifiable outcome

• 35 branches operational across Mizoram
• +1 more outcomes

Segments6 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature4 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Reserve Bank of India (RBI)coreOthers · 16 May 2026RBI included Mizoram Cooperative Apex Bank Ltd in the Second Schedule, granting Scheduled Bank Status. This regulatory milestone enhances the bank's credibility and provides access to central banking facilities and operations.
• Deposit Insurance and Credit Guarantee Corporation (DICGC)coreOthersThe bank is registered with DICGC, providing deposit insurance protection to customers. DICGC insures deposits up to the prescribed limit, ensuring customer confidence in the bank's safety.
• National Payments Corporation of India (NPCI)coreTechnology or IntegrationNPCI provides the Unified Payment Interface (UPI) infrastructure that Mizoram Cooperative Apex Bank leverages for real-time payment services, enabling instant fund transfers for customers.
• RuPaycoreTechnology or IntegrationRuPay is India's domestic card payment network. The bank offers RuPay Classic Debit Card and RuPay Platinum Debit Card products, enabling customers to make transactions at shops, ATMs, and online.
• NABARDminorOthersNational Bank for Agriculture and Rural Development is listed as a useful link, indicating cooperation for agricultural and rural development financing activities.

Scale indicators4 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• ICICI Bank: Major Indian private-sector bank with extensive digital banking infrastructure and presence across India including Mizoram. Competes for retail customers with UPI, mobile banking, and full deposit/lending products at national scale.
• State Bank of India: India's largest public-sector commercial bank with significant presence in Mizoram and a full retail banking product suite including deposits, lending, digital banking, and UPI. Operates as a broad incumbent across the same customer segments Mizoram Cooperative Apex Bank serves, but at national scale.
• HDFC Bank: India's largest private-sector bank with full digital banking capabilities and significant Mizoram presence. Competes for the same retail deposit and lending customers, but at vastly larger scale and with broader product offerings.

Direct peers

• Gujarat State Cooperative Bank: Apex cooperative bank for Gujarat, serving the same cooperative apex function as Mizoram Cooperative Apex Bank at the state level. Comparable product suite (deposits, lending, digital banking) and member-owned governance structure.
• Tamil Nadu State Apex Cooperative Bank: State apex cooperative bank for Tamil Nadu, functioning in the same role as Mizoram Cooperative Apex Bank within the cooperative banking structure. Comparable governance, deposit/lending product mix, and regulatory positioning.
• Kerala State Cooperative Bank: State-level apex cooperative bank in Kerala with similar structure to Mizoram Cooperative Apex Bank. Provides cooperative banking coordination, deposit-taking, and lending services to member cooperatives and the general public in its state.
• Punjab State Cooperative Bank: Apex cooperative bank for Punjab state. Mirrors Mizoram Cooperative Apex Bank's structure as a state-level cooperative institution serving members and the general public with deposit and loan products.
• Maharashtra State Cooperative Bank Ltd: The apex cooperative bank for Maharashtra, structurally identical to Mizoram Cooperative Apex Bank as a state-level cooperative bank coordinating member cooperatives and providing banking services in its state. Most directly comparable in terms of cooperative ownership model and apex role, though operating at significantly larger scale.

Emerging players

• AU Small Finance Bank: One of India's leading small finance banks with a strong digital banking platform and retail-focused product suite. Comparable in scale and digital-banking ambition, though operating nationally rather than in Mizoram specifically.

Regional players

• North East Small Finance Bank: Small finance bank focused on North East India, operating in overlapping geography with Mizoram Cooperative Apex Bank. Comparable regional focus and small-scale banking operations, with similar deposit/lending products targeting underserved NE markets.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/mizoram-cooperactive-apex-bank-ltd

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

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 Mizoram Cooperative Apex Bank