Hurry up Now you can get money at any ATM Machine all over India. ATM Card Application forms are available and get your ATM Rupay Debit Card.                 Important Notice to our Customers, Please submit your PAN Card copy to bank.       जालना मर्चंटस् को-ऑप. बँक लि., जालना ची २१ वी वार्षिक सर्वसाधारण सभा शनिवार दि. १३/०८/२०१६ रोजी दुपारी ३.०० वा. यशस्वी पार पडली.          सुस्वागतम  जालना मर्चंटस् कॉ- बँक लि. आपले स्वागत करीत आहे.     Welcome to Jalna Merchants Co-Operative Bank Ltd. Jalna. ATM Facility Started....    Coming soon Mobile Banking and Much More.....Best Fixed Deposit Schemes.....Easy Loans with affordable Interest, Term Loans, Vehical Loans, Business Loans and Home Loans.
Jalna Merchant Co-Operative Bank Ltd. Jalna
Jalna Merchant Co-Operative Bank Ltd. Jalna
Accounting Policies
Best accounting policies we give our customer
1. Fixed assets are accounted for on the historical cost basis
2.Depreciation of Fixed Assets is Charged on W.D.V. Method except
for computer and its accessoties.
3.SLM Method
1.Investment in Govt. Securities are classified and valued as
per provisions stated by RBI time to time.
2.Premium on investments are separately accounted for and amortized
according to period of maturity.
Income and expenditure are generally accounted for on actual basis except as stated below:

1.Interest on NPA Advances are recognised on realisation.

2.Miscellaneous Receipts and locker rent are recognised on cash basis.

3.Advances are classified as per the guidelines issued by the Reserve Bank of India from time to time and provision made accordingly.
The Financial Statements are drawn up keeping in mind the historical cost
and going concern concept and in accordance with generally accepted accounting
principles practices prevalling in the co-operative Banks in India except otherwise
stated.
1.The bank has contributed to a separate Employee Group Gratituity Fund
Maintained with LIC. The Premium paid is debited to Profit and Loss Account
in the year of Payment.
2.The Bank's Contribution to Providend Fund is accounted for on the basis
of contribution to the Fund.
1)Accounting Convention
2)Revenue Recognition
5)Accounting for Retirement Benefits
3)Fixed Assets and Depreciation
4)Accounting & Investments
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All Rights reserved
E-Mail: jmc_bank@rediffmail.com
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