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Al Khair Bank Aurangabad Shariah-Compliant Islamic Banking Services
Al Khair Bank Aurangabad: Complete Branch Overview
Al Khair Bank Aurangabad serves the Islamic finance needs of the Marathwada region. Al Khair Islamic Bank is a branch operating from the Yunus Colony location. Many people rely on this branch every day for loans and savings. The area is in the Markaz-e-Islami Building, which is comfortably accessible. V8RV+GF5 pincode guides customers accurately. Accessibility works great in all directions of the city. The Al Khair Bank Aurangabad currently manages 15,000 active accounts. The staff of 25 are trained and manage tasks efficiently—hours of operation run from 9 AM to 6 PM every day.
The Saturday service ends around 3 pm sharp. The Friday prayer lasts 60 minutes in total. Parking is ample for 30 cars on the street.
Digital banking cut physical visits by 50. CCTV security is available 24 hours a day. Access ramps for wheelchairs are open to all visitors in equal measure.
Important branch details include:
- Established: 2015 under the Maharashtra Co-op Act
- Managed deposits by the government: Annually, Rs. 150 crores
- The loan portfolio, with a total of Rs. 80 crores, is disbursed annually
- Customer review: 4.4 stars consistently
- Sharia-compliant Audits of the board every quarter
Services Offered by Al Khair Bank Aurangabad Branch
Al Khair Bank Aurangabad is a full-service Islamic banking provider. Savings accounts offer daily interest credits. Fixed deposits provide the most competitive Shariah returns at all times. Business current accounts are well-suited to traders. Hajj savings plans help fund the pilgrimage dream with a high degree of accuracy. Remittance services handle NRI transfers quickly.
Al Khair Islamic Bank incorporates UPI transactions effortlessly. Paying bills is instantaneous through an app. The debit cards are designed with Islamic patterns in particular.
Complete service list covers:
- Sahyog Savings. There is no minimum balance required, never
- Fixed deposit 7-12% profit share returns
- Recurring deposits, Monthly collections of Rs500
- Zakat Management: Transparent distribution system
- Trade Finance Credit letters are quickly issued
- Gold Lockers secure family wealth storage
- Mobile Recharges: Instant top-ups available
Digital wallets also support merchant transactions. Cash management improves the flow of business each day. Wealth advisors adhere to strict Sharia rules.
How to Open an Account at Al Khair Bank Aurangabad
The process of opening accounts in the Al Khair Bank in Aurangabad can be speedy and straightforward. Go to the branch in the morning, ideally. Staff members are friendly and assist first-time customers straight away. The membership form must be filled in with the same basic information. Complete and submit KYC documents in originals only. Account activation occurs the same day, without any delays. Al Khair Islamic Bank requires a minimal initial deposit. Savings start with a minimum deposit of Rs 1000. Current accounts require a minimum of Rs5000 to fund.
The online KYC test pilot phase is underway. Video verification speeds up remote openings. NRIs can quickly use power attorney documents. Family accounts connect spouses and children. Joint operation modes are available freely. Senior citizens are given priority access all the time.
Al Khair Bank Aurangabad Loan and Financing Options
Al Khair Bank Aurangabad offers personal loans fast. The ranges are typically from Rs20,000 to lakhs. Wedding finance is usually approved within 72 hours. Medical emergency loans don’t require a guarantor’s security. The funds for education support medical, engineering, and other classes. Funds are frequently distributed the following day.
Al Khair Islamic Bank provides extensive working capital for businesses. The bank offers seasonal overdrafts to textile industry traders. Machinery for powerlooms is financed via Musharakah.
The most popular financing products include:
- Personal Credit 12 to 48 months term
- Business Credits up to Rs 25 lakhs.
- Car Finance covers cars, bikes, and tractors.
- Gold loans. The loan can be repaid instantly.
- Renewable Loans, Green Energy Priority Funding
- Export Credit Traders in marble are entirely supported
- Women’s Lending Guaranteed processing prioritization
Profit-sharing can replace riba interest entirely. Collateral options suit informal businesses. Flexible moratoriums ease cash flow.
Customer Care and Support at Al Khair Bank Aurangabad
AL Khair Bank Aurangabad provides specific helplines. The first helpline can be reached at +91-869-722-4305 immediately. A different number can connect you to +91-869-722-4305 with confidence. The customer service is available from 10 am to 7 midnight every day. Responses to emails are delivered in 12 hours or less. WhatsApp chat responds to basic inquiries quickly. Al Khair Islamic Bank records complaints using reference numbers. Resolution is based on 48 hours absolutely. In the event of an emergency, it is immediately reported to headquarters.
Support features consist of:
- Phone support 9 AM – 7 PM all day
- Email response within 12 hours. Guaranteed.
- Branch Walk-in System of Priority Tokens
- WhatsApp Chat Answers queries instantly
- SMS Alerts Alerts for transactions
- Lost Card Block: 24/7 emergency line
- Field visits and complex case investigations
Women counters ensure privacy always. Senior desks prioritize urgent matters. Customer satisfaction surveys help improve service over time.
Documents Required for Banking Services at Al Khair Bank Aurangabad
Al Khair Bank Aurangabad maintains a minimal documentation policy. Aadhaar document copy is needed primarily. PAN card self-attestation is required always. Passport photos require at least four new copies. Statements from banks cover the previous six months. Salary slips are provided to applicants who have been employed.
For Account Opening:
- Aadhaar card with original and photocopy
- PAN card self-attested
- 4 passport-size photos
- The admission fee receipt is Rs 100.
For Personal Loans:
- The last 3 pay slips for April
- Six months of bank statements
- 2 References Contact Numbers
For Business Loans:
- Trade license copy
- GST registration certificate
- Security for documents relating to property
- ITR copies for 12 months
Al Khair Islamic Bank accepts alternative IDs as well. Driver’s licenses, voting cards, and voter IDs can be used. Digital scanners make it easier to verify your identity. NRIs submit passport visa copies. Minors require guardianship documents only. In most cases, discrepancies are addressed within 24 hours.
Conclusion
Al Khair Bank Aurangabad offers dependable Islamic banking and financial services. Al Khair Islamic Bank helps build community wealth ethically. The bank’s products are comprehensive and can be used at all levels. Branch convenience is a draw for local families. Digital integration is a way to modernize the traditional bank. Sharia compliance gives you peace of mind. Customer-first approach drives loyalty. Growth benefits the Marathwada economy steadily. The ethical finance option is an effective long-term option.
The membership program opens up opportunities to earn RIBA. Profit sharing brings prosperity to everyone. The community’s impact extends beyond financial services.
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