Daivadnya Sahakara Bank Niyamit Belgaum


Trust Leads to Prosperity

46 years...and still serving with same dedication.


Daivadnya Sapthahik Varshik Fund founded


Daivadnya Co-op Credit Society registered


Daivadnya Sahakara Bank Niyamit registered


On the advent of the Gold Control Act in 1963, fellowmen and goldsmiths of Daivadnya community had to undergo a huge financial crisis. Our society was economically backwards and people did not have own funds to invest in the business. This propelled some of the visionaries of our community to create our own financial platform.  So in 1969 with a mere startup capital of Rs 75/- the founder members started Daivadnya Sapthahik Fund on the Ugadi day. Goldsmiths and daily wagers started depositing their savings in the weekly fund. This concept of deposit savings and obtaining the lump sum amount along with interest on the Ugadi day brought a major change in the financial front of the community. Customers were able to service their needs and purchases with the amount received. Customers recognised the need and importance of saving and organisation was able to raise a capital fund for future operations.  Customers slowly started investing in deposit schemes and planned for better gains. To provide better service and financial assistance in the form of loans, the founders got it registered as Daivadnya Co-op Credit Society in 1974 from Registrar of Societies. During this span of 11 years, the organisation had gained all the popularity and financial stability in and around Belgaum. The loyal integrity and genuine dedication of the directors and staff were respected by its customers and helped in bringing about a major growth in the performance

Due to enormous response from various part of city, it was decided to open new branches to provide services at customers proximity.  So in 1993 Tilakwadi branch and later in 1997 Khade Bazar branch was started. The Director’s vision to bring the Daivadnya Society to the forefront of Banking operations and to become the first-ever bank was seen at all stages of operation of the organisation.  Since 1985 all necessary efforts and documentation were carried out and proposal to Reserve Bank of India was initiated. It was a rigorous journey to mould the Daivadnya Co-op Society and prepare itself to be bank. Stringent terms and conditions of Reserve Bank of India had to be followed and even with persistent performance and recommendation of local offices and elected representatives, the path was looking very difficult.  However, with a strong will and dedication of the board, a new representation was given in 1997. The healthy status of the Society, continuous record growth and compliances of RBI norms were the key factors that led to getting the licence and operate as Daivadnya Sahakara Bank Niyamit in 1997.

Installation of New Branches

In the year 1990, the Board had decided to build an own office and purchased a land of 35 x 200 sqft in the heart of Shahapur where the major customers were residing.  After receiving the licence from RBI in 1997 civil construction of the new Office premises was started at Saraf Galli, Shahapur.

During the same year new branch at Khade Bazar, Belgaum was inaugurated to service the jewellers in the city area.  In the year 2000, all business operations were shifted to the new building. This instilled a new confidence in the customer about the performance of the Bank. The network was also growing exponentially and had to expand its activities. Maruti Galli Belgaum branch was inaugurated in 2011 to cater the market customers and the enormous response was received. Later Tilakwadi branch was shifted to our own premises.  Since the bank had been sufficiently matured to handle RBI statutory requirements, it was decided to start new branches at Karwar and Dharwad  in 2015.

Major Services provided by the Daivadnya Bank

  • Fixed Deposits, Recurring Deposits and Pigmy with best rate of Interest and insurance coverage also.
  • Locker facility at all branches
  • E Stamping facility at the Head office.
  • Core banking System connecting all branches of the Bank.
  • RTGS and NEFT facility 
  • SMS facility 
  • Housing Loans, Gold Loans, Vehicle Loans, Business Loans up to 1.50 crores and Group loans up to 3.75 crores are serviced at all branches of the Bank.


The Bank was audited and has been awarded “A” grade continuously. Banking operations were computerised and better service was provided to its customer by regularly upgrading the technology. Based on its performance and customer service the bank was nominated as
“Best Cooperative Bank” in 2014 by the State Govt of Karnataka. This award was conferred by Respected Governor of Karnataka, Shri Vajubhai Vala during the 61st Cooperative Week Symposium held at Bangalore.

Digital Banking

The Board has always been on the forefront on the technology requirements of bank operations. To provide services at par to the Scheduled Banks, Core Banking System was installed and made operational by the young dedicated staff.
All its operations are smooth and provide uninterrupted services on all fronts to the customer.
SMS service and ATM cards service was also introduced recently.

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