SHRI. SIDDU NYAMAGOUDA SOUHARD SAHAKARI NIYAMIT.

Welcome to Shri Siddu Nyamagouda Souhard Sahakri Niyamit. A growing Souhardha in North Karnataka in Bagalkot District which strives for the financial upliftment of the members. A product by the young Co-Operators, the Co-Operative started its functioning since 2019. The Co-Operative is registered under Karnataka State Souharda Sahakari Act 1997; its Registered Office is situated in Jamkhandi. A due respect to the Souharda Co-Operative Principles has made the Co-Operative to focus on continued growth.

Late Shri. Siddu Nyamagouda who was also known as Barrage Siddu was an Indian politician who was a former Minister of State for Coal in the Government of India. He also served as MLC and was elected twice as MLA to the Karnataka Legislative Assembly in 2013, 2018 from Jamakhandi constituency in Bagalkote district.

He is known for building country's first ever private dam at Chikkapadasalagi village in 1989. The dam is named as Shrama Bindu Sagar and is built across Krishna River at Chikkapadasalagi village in Jamakhandi. The construction of dam took off in 1983 and the project drew the attention of international media. When the former chief minister of Karnataka Ramakrishna Hegde led government refused to fund the project owing to political reasons even though farmers were ready to bear the quarter of the project expenses, he mobilized the farmers to build the barrage on their own. The farmers from over 30 villages pooled in money by mortgaging their ornaments amounting rupees one crore and worked day and night for over six months in shifts to build the barrage brick by brick. This accomplishment catapulted Siddu to the national level politics. He contested Lok sabha election in 1991 against Ramakrishna Hegde and defeated him with considerable margin which paved him the way to become minister in the P. V. Narasimha Rao's cabinet.

Fixed Deposit

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Recurring Deposit

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Loan Facility

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Saving Account

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We have following Services

  • Agriculture Family Loan Facility – Grow As A Family Agriculture Loan
  • Attractive interest rates to make your Home Loans affordable and easier on your pocket. Home Loan
  • Personal loan is a short to medium term unsecured loan granted to an individual. It is commonly used to meet such financial needs as debt consolidation, wedding expenses, unexpected medical costs, home renovation and others. Flexibility of usage, minimal documentation and quick processing make personal loan a preferred financing option. Unlike other loans, it usually has a shorter repayment tenure ranging from 1-5 years. Depending upon the individual applicant's profile and lender, the APR (Annual Percentage Rate) of a personal loan may vary from 11.29% to 35%. Personal Loan
  • SBN Souhard offers you the best deal for financing your new car. Lowest interest rates, lowest EMI, minimal paperwork and quick disbursement. Vehicle Loan
  • For the safety of your valuables, we offer safe deposit locker facility at our bank. There is a nominal annual rent, which depends on the size of the locker. The rent is payable in advance for the Financial Year.* Locker Facility
  • SBN Souhard's Fixed Deposit offers attractive FD interest rates, so you can easily multiply your savings. Investing in a Fixed Deposit is very easy, and you can check your final maturity amount using an FD Calculator, before you start investing. We offers some of the best features and benefits, so you can enjoy a hassle-free investment experience. Fixed Deposit
  • An electronic payment system in which payment instructions between banks are processed and settled individually and continuously, on a real time basis, throughout the day. RTGS / NEFT
  • At SBN Souhard we value your time and money, and so we bring to you various bus / train / domestic flight online booking to make sure you get the best deals. ONLINE BOOKING/RESERVATION